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.

Subscribe to Arthur D. Little's Technology Newsletters

Insight

Every large company has hundreds of applications that were developed to solve one problem and are being used today for vastly different purposes. There's the accounting system that was designed to update customer accounts and generate statements that's now being used to provide online customers with information about their account balances.

It has become fashionable to design and develop business systems by starting in the middle, with the latest technological or e-commerce fads, which, supposedly, can solve most business problems.

Executive Update

The COBOL Legacy

Business intelligence (BI) decision-support initiatives are expensive cross-organizational endeavors. These initiatives involve extracting and merging disparate business data from online transaction processing systems, from batch systems, and from externally syndicated data sources.

This past week, The Economist (20-26 July 2002) published a special survey on the US defense industry. The wide-ranging article touches on many topics, but I like the general comments it makes on strategy.

A favorite quote of mine is, "Reputation is who you are in the light ... character is who you are in the dark." I don't know who said it, but it never fails to motivate me to try and do the best that I can, especially if no one is watching. I've been thinking about this quote a lot lately, especially in relation to the quality of code that developers write.