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.
Insight
Data integration vendor Informatica Corporation announced it is buying complex event processing (CEP) software vendor Agent Logic. Financial terms of the deal were not revealed. Still, this development is significant because it will combine the capabilities of Informatica's data integration tools with Agent Logic's rules-based CEP platform.
"Your strategic and corporate reporting will be as effective as your operational system's performance management is" -- every organization or enterprise understands this one-liner. The question is how many work toward making sure this happens.
As I pointed out in last week's Advisor (see "Complex Event Processing," 26 August 2009), complex event processing (CEP) remains an emerging technology that holds the promise of enabling companies to increase operational efficiency by providing a means to identify and interpret the effect of seemingly unrelated events
Businesses and governments collect a large amount of personal information, some of it quite sensitive, about their clients, employees, patients, and citizens. At the same time, a random scan of media reports on any given day will find multiple stories of personal data being lost by or stolen from corporations and governments.
Progress has not followed a straight ascending line, but a spiral with rhythms of progress and retrogression, of evolution and dissolution.
-- Johann Wolfgang von Goethe
The industrial model that promoted manufacturing and engineering is slowly being phased out to usher in a new digital economy powered by developments in networking and information management. The old model placed controls on everything, including information flow, and permitted sharing of knowledge only through hierarchies of roles within the organization.