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
No one who works in computing can be unaware of the meaningless and constant jargon that we are all forced to listen to. I'd be interested to see a graduate school study of the amount of time IT managers spend just trying to understand the new terms they keep encountering. It's frustrating, of course, because in most cases the new terms just turn out to be some old term, given a slight twist.
In several Advisors, I've mentioned my working assumption that a company should not outsource core business processes. As I use the term, a core business process results in a product or service that uniquely defines the company. In other words, the process is one in which the company adds unique value and is critical to the way the company positions itself in its market.
In Part I of this two-part series (see Business Intelligence Executive Update, Vol. 2, No. 4), we built the business case for why right now may be the most opportune time for small to mid-sized enterprises (SMEs) to aggressively pursue international market entry and/or expansion opportunities and strategies. This is the definition of globalization.
The use of data warehousing and business intelligence (BI) for optimizing supply chain operations is receiving growing interest by the industry. Vendors and IT service providers have introduced new analytical supply chain products and services, and companies are discussing their experiences at conferences and trade shows.