Technology Strategy & Implementation Insights
Boost business success via insights on emerging trends in digital transformation and IT strategy; practical frameworks you can apply; and guidance from the world’s experts in leadership, IaaS, investment prioritization, operational excellence, sustainable innovation, change management, enterprise agility, and applying emerging technologies.
From the school of business, a belief emerged that the needs of business must drive technology, not the other way around. From the school of engineering, there is a belief that technology should shape the business. Naturally, the school of business typically wins. Yet speaking as digital business strategists, this is a gross oversimplification. Every organization has operational needs and line-of-business (LOB) concerns, all of which advance incrementally on decadal cycles.
The current market for Internet of Things (IoT) platforms is quite unsettled, consisting of a broad range of providers offering a large number (and somewhat confusing array) of IoT implementation products. These range from independent providers marketing comprehensive standalone IoT platforms and services to major enterprise software vendors whose IoT platforms are designed to build on, or integrate with, their various ERP, CRM, database, and other enterprise applications. Products in the standalone category include comprehensive IoT platforms in the form of platform as a service (PaaS) offerings designed to provide the infrastructure and facilities necessary for developing, connecting, and managing IoT-connected products and applications.
One of the hardest things to teach or learn is self-awareness. By self-awareness, I mean the capacity to evaluate oneself accurately from the perspective of others and the ability to detect differences between our behavior and our values. So many leaders are unaware of what others around them truly think about them and at some point in these leaders’ careers, this inevitably leads to trouble. Usually these troubled leaders are constantly interpreting the world around them into their internal logic, thus preventing them from seeing the gap between their own internal understanding of themselves and what others think.
While the rise of financial technology companies and services has been gradual and steady over the years, beginning perhaps with the founding of PayPal in 1998, there’s been a particularly explosive boom in this sector just in the past couple years, with a new FinTech startup sprouting up nearly every week and disrupting the financial game in a major way. Indeed, companies like Stripe, Intuit’s Mint, Payoneer, and even such developments as Apple Pay are offering an array of fundamental changes in the many ways consumers and small businesses interact with their finances.
The truly game-changing opportunities or challenges we face in our businesses are a blend of the complicated and the complex. Being able to understand the difference between the two domains and manage accordingly is thus the key to success. An inability to differentiate between complicated and complex leads to one of the most fundamental causes of business and technology failure — the illusion of control.