Strategic advice to leverage new technologies
Technology is at the heart of nearly every enterprise, enabling new business models and strategies, and serving as the catalyst to industry convergence. Leveraging the right technology can improve business outcomes, providing intelligence and insights that help you make more informed and accurate decisions. From finding patterns in data through data science, to curating relevant insights with data analytics, to the predictive abilities and innumerable applications of AI, to solving challenging business problems with ML, NLP, and knowledge graphs, technology has brought decision-making to a more intelligent level. Keep pace with the technology trends, opportunities, applications, and real-world use cases that will move your organization closer to its transformation and business goals.
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Blockchain, a complex technology, and sustainability, an abstract concept, have two things in common: they are (1) fairly comprehensive, and (2) vaguely defined. To understand how the former can impact the latter, core terms and existing trade-offs must be properly explained, and all positive or negative blockchain sustainability implications must be carefully evaluated.
In a recent survey, we asked organizations about the primary challenges hindering them from carrying out their GenAI plans. This Advisor explores some of their major concerns.
To demonstrate the degree to which digital twins are becoming a powerful tool, this Advisor examines a digital twin framework that was used to create, adjust, and deploy a digital twin of a NATO member’s naval ship. The tool can be used for training, engineering, and operational activities.
Make no bones about it, data privacy/security and the ethical/responsible use of generative AI (GAI) are hot-button issues. But to what extent are enterprises actually taking steps to address these concerns as they rapidly adopt GAI? In a recent Cutter survey, we asked organizations this key question.
Cutter Expert Simon J.D. Schillebeeckx and Marco Schletz dive deep into the field of ReFi, a concept that enhances financial practices through decentralization and focuses on environmental and societal systems. The authors highlight several key problems of the space and point out that genuinely disruptive ReFi models are still in their infancy. The good news is that ReFi’s potentials are manifold and exciting. In the not-too-distant future, we might see financial applications backed by blockchain that can enhance data credibility, exchangeability, and transparency to redefine how corporations create and apportion environmental value.
In this issue of Amplify, we delve into the intricate connections between blockchain technologies and sustainability, highlighting how transparency, traceability, and decentralization can empower individuals, organizations, and governments to address pressing sustainability issues, from energy grids and sustainable forestry to agri-food ecosystems and regenerative finance. As we explore this dynamic development, it becomes evident that blockchain is not merely a technological innovation: it can serve as a catalyst for transformative change that aligns with the global imperative to create a more sustainable and equitable world.
This article presents an interview with Michael Marus, conducted by Cutter Expert Curt Hall and Guest Editor Horst Treiblmaier. Marus is CIO and director of IT at the Forest Stewardship Council, an organization governed by a global network of more than 1,000 individuals and member organizations with the mission to protect forests worldwide. It has been testing and applying blockchain since 2021 to enable sustainability with forest-based materials and has found that blockchain’s traceability helps it achieve integrity and credibility for its certification system. Marus provides exciting details about the organization’s practical experiences and offers his outlook on how blockchain might provide further value in the future.
Malni Kumarathunga and Athula Ginige address the important topic of sustainable agri-food ecosystems, an issue that affects all of us. The amount of global food waste is alarming and, not surprisingly, has a huge detrimental impact on natural resources. Blockchain can enhance trust along the supply chain and improve the situation, especially for smallholder farmers. The authors’ suggested model simultaneously reduces greenhouse gas emissions, allows for better resource use, and improves the livelihood of farmers.