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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Claudio Lima explains how blockchain technology can be used to digitize and foster growth in the energy sector. DLT has the potential to optimize energy management processes and to deal with the growing complexity in the decentralized energy system. Lima introduces the IEEE P2418.5 Standard for Blockchain in Energy, which creates an industry framework that will help with interoperability among different blockchain use cases and technologies. A DLT layer complements existing smart grid architectures, improves grid security and efficiency, and reduces the costs of utility operation.
Magesh Kasthuri discusses how city administration can use blockchain. He provides various insights into decentralized architecture, including its technology benefits and security implementation. The article highlights a need for self-healing and auto-scaling services within a smart city architecture, which can be achieved by a blockchain network based on HyperLedger Fabric in a cloud environment. Blockchain can make cities more efficient and more resilient and adds greater transparency and security to a city’s digital processes. Applying DLT technologies in smart cities is an opportunity to reshape many aspects of how cities are organized and managed in order to better serve their citizens.
Patryk Walaszczyk discusses regulators’ role in blockchain adoption. He evaluates different approaches to regulatory sandboxes and questions their value in driving innovation and blockchain technology adoption. The author provides information about the scope and objectives of some blockchain sandboxes as well as their outcomes so far. It is to be hoped that current government efforts will accelerate blockchain adoption and that new business models across industries will emerge.
This article examines the technical feasibility of DLT to handle enterprise requirements and demands. The authors investigate the strategic value that blockchain technologies bring to the table, examine potential use cases in various business domains, and discuss the challenges involved in the realization of these use cases. They explore how the nature of certain businesses makes them better suited for blockchain technology and discuss the best practices involved in developing blockchain-based applications.
This issue of Cutter Business Technology Journal (CBTJ) continues the conversation we began in our last CBTJ and focuses on blockchain technology adoption beyond cryptocurrencies and financial services. The authors explore areas such as energy and utilities and government and present real examples of successful DLT implementations. They share their practical experiences in overcoming and addressing some of the known issues with blockchain projects.
Today we are seeing a growing interest in the customer-centric business model among organizations that have come to see such models as a practical way to support a standard customer experience across all their various channels and brands.
As has been our tradition for the last several years, we’ve compiled the five most intriguing articles published by the Business Agility & Software Engineering Excellence practice for today’s Advisor. How did we come up with this list? We chose the articles that garnered the most feedback from Cutter Members. Your questions and comments not only make it possible to create lists like this, they help focus Cutter’s Senior Consultants’ research on the areas that are most important to organizations like yours. So please keep your feedback coming.
As has been our tradition for the last several years, we’ve compiled the five most intriguing articles published by the Business & Enterprise Architecture practice for today’s Advisor. How did we come up with this list? We chose the articles that garnered the most feedback from Cutter Members. Your questions and comments not only make it possible to create lists like this, they help focus Cutter’s Senior Consultants’ research on the areas that are most important to organizations like yours. So please keep your feedback coming.