In the past month, we discussed the pillars of the digital transformation—shifting our focus from technology to the behaviors that drive the digital transformation. I believe that the complete transformation is only possible if the right kind of organization is built, an organization that believes in the possible. To build these organizations, every organization needs to fully understand the meaning …
In a World Where Data Rules, All Companies Are Tech Companies
We are sitting smack dab in the middle of the data revolution. Every single company regardless of size or industry has the ability to collect data—on supplies, on inventory and of course, on consumers, just to name a few. And it’s no secret that data can aide in decision making and increase the productivity of our business operations. Whether you …
Developing an Agile Business Model in Today’s Ecosystem
Change is just about the only thing we can count on in digital transformation. Disruption is coming at businesses from every direction in today’s ecosystem, and those companies who aren’t prepared to duck and weave to survive it won’t survive. Studies show that more than 40 percent of S&P 500 companies have gone by the wayside since 2000; another 50 …
4 Digital Transformation Trends Driving Industry 4.0
When you hear the word ‘industry’ you may think of factories or tall smokestacks. And even though technology grows in leaps and bounds daily, this is still our mindset. For manufacturers that want to remain in the game, they must embrace the digital transformation and everything it has to offer. They need to pay attention to the digital transformation trends …
Want to Mitigate AI Bias? Start with Unbiased Data
Most people are under the impression that artificial intelligence (AI) is bias free. After all, what could have fewer opinions than a machine? But as it turns out, research shows AI carries the same biases as whoever created it. Which means the data we’ve now grown accustomed to relying upon to make any number of decisions—from who should receive …
AI for SMBs: Actionable Tips for Strategic Implementation
Artificial intelligence (AI) or bust. That’s the chant you’ll hear across the digital landscape today as major corporations are beginning to reap the rewards associated with automation, machine learning, and digital assistants. I mean, we all know AI is going to be revolutionary for the big players in the digital marketplace. But for SMBs who lack the same resources, talent, …
6 Ways the IoT Will Improve Accounting
As of this year, 20 billion devices are expected to be connected globally. That stat is impressive—but it’s not nearly as exciting as the value these devices could add to your company’s bottom line if you use them strategically. From mobile phones to cars, planes, machines, and more, the data these connected devices are harvesting can be a game changer …
Using the Power of People Analytics to Transform the Future of HR
Big data is everywhere, even when it comes to people. In today’s market, employers aren’t just collecting data on how many of their employees have college degrees or professional certifications. They want to know how diverse their hiring practices are, how well their pay compares to others in the industry, which character traits perform best in which environments and how …
How Are SMBs Using the Cloud in 2018?
Throughout the rest of 2018, small to mid-size businesses (SMBs) are expected to continue to increase their usage of cloud services for data storage, file hosting and sharing, web-based email and customer relationship management — in other words, almost every essential function of business. A vast majority of SMBs are already using at least one cloud-based application, and that number …
AI Strategy Foundation: Breaking it Down to the Basics
One question I used to hear a lot as a kid was this: “If your friend jumped off a bridge, would you do it, too?” Yes, there were lots of bad trends in the 80s, and I may have fallen prey to more than a few of them. But that idea of blindly following a trend doesn’t just apply to …