Business Transformation Requires Transformational Leaders
Leadership and teaming skills are front and center in times of rapid change. Meet today’s constant disruption head on with expert guidance in leadership, business strategy, transformation, and innovation. Whether the disruption du jour is a digitally-driven upending of traditional business models, the pandemic-driven end to business as usual, or the change-driven challenge of staffing that meets your transformation plans — you’ll be prepared with cutting edge techniques and expert knowledge that enable strategic leadership.
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Insight
Business Value
A company's data has value, but to date, data assets have not been shown directly on companies' books, although it is sometimes there as goodwill, and sometimes it is partially reflected in the price of the stock. We need to make the value of data more apparent. For example, airlines and travel websites such as Expedia capture travel-related data.
Businesses are increasingly entrusting their IT enterprise to service providers that specialize in delivering IT services and managing customer environments. The customer's IT owners periodically review the service provider's performance in what are called "governance review meetings." This Executive Update discusses ideas and opportunities for presenting value additions in a manner that will be appreciated by the client-side stakeholders.
While the term "Big Data" continues to encroach on the common vernacular, it's important to understand the drivers of the phenomenon, its possible value, and also its potential for misuse. Many of the "misuse" examples come from areas of privacy and ethics, but there is also the potential for misuse that is just bad business.
Operational risks are the most challenging for any organization, but most can be controlled, if not avoided, as long as the organization builds and implements effective enterprise risk management (ERM) strategies. While there are certainly mature methodologies available for risk identification and assessment, today's organizations fail to build and implement them effectively due to limited practice of these methodologies.
Various vendors, including Greenplum (EMC), Kognitio, ParAccel, Teradata, and Vertica Systems (HP), have offered versions of their high-performance analytic databases tailored for use in cloud environments such as Amazon Web Services (AWS) and Elastic Compute Cloud (EC2) platforms for several years now.
Advisor
Does Agile Help in Innovation?
In today's rapidly changing business environment, innovation is key for survival. Companies may become obsolete in no time in the absence of new and innovative products. A classic example of this phenomenon is the demise of Kodak. At the same time, companies like Apple and Google have not only contributed toward building innovative products but at the same time made their investors many times richer.