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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Insight

In last week's Advisor, I wrote that the most demanding task confronting organizations in their business performance management initiatives is identifying and implementing the key performance indicators (KPIs) and metrics needed to measure and manage operational performance in relation to strategies and goals (see, "Six Key Roadblocks En Ro

Consider a house. It has form and function, much like a business. There is an overall structure, and its function is supported by the assembly of various components and the way the interior is implemented within that framework. In most houses, this structure enables it to fulfill its purpose and make sense for its users.

In October 2008, Cutter Consortium conducted a survey that asked 85 end-user organizations about their BI and data warehousing plans. The goal was to determine the degree to which companies are adopting various types of BI, data warehousing, and other analytic technologies and practices.

My last Advisor, "The 31-Square-Foot Architecture" (15 January 2009), raised some strong reactions, ranging from "Wonderful" to "Dogmatic Nonsense." Therefore, I'd like to keep to this subject and elaborate a little bit more on architectural decisions in agile teams.

Despite the promises of service-oriented architecture (SOA), many organizations are increasingly encountering difficult governance issues as they start to ramp up their early SOA efforts.

BA & SEE EXECUTIVE UPDATE VOL. 10, NO. 3
  

Like the stock market, IT projects can be volatile: requirements can change; scope can creep; unknown dependencies can appear; teams can get mired down in myriad ways; technology can fail; executive sponsorship can evaporate; schedules can jitter; and dates can slip.

Back in early January, I said that the most important BI-related initiative for organizations in 2009 would be business performance management (see "Business Performance Management Tops '09 Strategy List," 6 January 2009). In fact, I recommended that you consider business performance management a strategic application.

I recently had an MRI (magnetic resonance imaging) procedure performed on my knee. The report was full of such words as joint effusion, medial patellar plica, acute medullary bone contusions, and medial femoral condyle. While my doctor could easily read and interpret the report for me, my attempts to understand the report were doomed.