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

Only very rarely does the whole IT industry fall in line behind a single set of standards. One thinks of SQL, the Internet, Web protocols, and perhaps C and C++, which all date prior to 1990. Recently, competition has become so fierce that even standards are bones of contention.

The typical IT organization is so busy responding to ever-increasing demands for development and maintenance of its systems that it has not seen the writing on the wall -- continuing to add to the complex webs of interdependent systems is, little by little, closing the door to the future.

Executive Update

UML Today

As most readers know, UML stands for the Unified Modeling Language, a modeling system and notation standardized by the Object Management Group (OMG) in 1997. An earlier version had been developed by three methodologists -- Grady Booch, James Rumbaugh, and Ivar Jacobson -- who worked for Rational Software.

Now, more than ever, companies are keenly aware of the tremendous benefits associated with understanding current and prospective customers from an economic, attitudinal, and behavioral perspective.

Now, more than ever, companies are keenly aware of the tremendous benefits associated with understanding current and prospective customers. Competitors abound and information is in abundance, yet consumers seem to have less and less time to make informed purchasing decisions -- these are but a few signs of a paradoxical situation [3].

Wireless business intelligence (BI) consists of delivering data access and analysis to mobile corporate users of cell phones and other Web-enabled devices, including PDAs such as Palm, RIM, and Windows CE handheld platforms that are now popular among business professionals and other mobile workers.

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.