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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Software evolution and changes in software development imply that software will become ever more pervasive and affordable, that firms must master disciplined autonomy in order to follow dual strategies, and that the role of IT professionals is being redefined.
Cutter Consortium Fellow Steve Andriole examines the extent of software’s rule in the areas of process automation, privacy and security, enterprise software, intelligent software engineering, and converged convenience. For each area, he evaluates in what ways software’s reign is good (rewarding us), bad (punishing us), or ugly (threatening us).
Software evolves in the environment of the marketplace, where the forces of innovation, cost reduction, growth, regulation, and coevolution drive change. As with biological evolution, only the fittest will survive.
The rise of software represents the biggest single hurdle and opportunity to business. This issue of Cutter Business Technology Journal will inspire you to conquer the fundamental challenges facing your organization today and help you unlock your full value-creating potential.
It’s always interesting to examine what the big tech giants are doing because their efforts can have a significant impact on consumer expectations and trends and may serve as a wake-up call for other industries. This is certainly the case when it comes to big tech projects in fintech. And nowhere is this more apparent today than when it comes to big tech developments centering around the use of blockchain-based cryptocurrencies as a payment platform and for creating new financial services offerings.
Data science skills span a wide gamut of capabilities within an organization, including business analysis, Lean-Agile portfolios, enterprise and systems architectures, quality assurance, and, of course, database and statistical skills. In this Executive Update, we address the issues around upskilling people for big data capabilities.
In this Executive Update, we describe the application of Scrum in the restaurant business. This environment is similar to that of Lean hardware Scrum, in that shifts are repeatedly creating and delivering products in short cycles with high quality. Process efficiency and cycle time become the key metrics for production.
In Part VII of this Executive Update series on statistical project management, we turn our attention to the dynamical and often irrational nature of projects.