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
In this article, I'll focus on XML languages. One key to understanding the value of XML is recognizing that XML is a metalanguage -- it allows the creation of tailored languages that describe data that can be passed from one user or application to another. In essence, anyone can create an XML language simply by agreeing to use a given set of XML tags in a consistent manner.
Here, I will briefly consider four XML business process initiatives. They include: IBM's Web Services Flow Language (WSFL), Microsoft's BizTalk with its Orchestration Designer and XLANG, the Business Process Management Initiative's Business Process Management Language (BPML) schema, and the business process initiative sponsored by e-business XML. All four of these initiatives are built on top of the Web Services Description Language (WSDL) and extend WSDL so that more precise information about business processes can be exchanged between partners.
"The business plans we're developing now will need a big increase in responsiveness from the IT group."
I was sitting in the CEO's office in a midsized brokerage in New York City; the CEO had just said that IT productivity was crucial for his company's future.
"How big is 'big'?" I asked.
"Tenfold," said the CEO.
Executive Report
Improving Customer Relationships Using Wireless Technology
Few people would quibble with the benefits and opportunities awaiting companies that build, nurture, and maintain strong relationships with their customers.
Executive Summary
Improving Customer Relationships Using Wireless Technology
The benefits awaiting companies that build and maintain strong customer relationships are significant. They include greater customer loyalty, higher retention rates, lower acquisition costs, and expanded opportunities to cross-sell and up-sell products and services.
British Petroleum (BP -- London, UK) has been judged Europe's top knowledge-based enterprise. The 2001 European awards were given as a result of a benchmarking survey and study conducted by the Know Network.
The immortal words "The Web changes everything" are never more appropriately applied than in the present era of knowledge-, content-, and business intelligence (BI)-based portal and Web services for globalization. In Part I of this series, we talk about why and how nearly all US companies are affected by, and have substantial new opportunities in, global markets.