You could say digital transformation has been in a bit of a holding pattern—at least when it comes to building a smart city. Sure, we’ve mastered smart buildings—to the point that most of us can manage our home security, lighting, and temperature simply by tapping our smart phones. But when it comes to moving beyond the building or campus to …
Truly Intelligent Machines: The Impact of AI That Can Think
Intelligent machines are one of the most controversial types of technology in development today. And I hate to break it to those of you who are concerned about the use of AI-powered robots, but intelligent machines aren’t going anywhere. In fact, they’re only getting smarter. Recently, leaders like IBM and Alphabet have been pushing AI to its outer limits, teaching it …
4 Ways the Right Leadership Drives the Digital Transformation
A few weeks ago, I outlined six pillars that are essential for successful digital transformation. This week, I continue the series by focusing on the important role leadership—specifically executive leadership—play in driving a company forward. Yes, in my view, leadership drives digital transformation. So why are so many companies doing it badly? Case in point: In an article for Forbes …
3 Ways Change and Innovation Drives Digital Transformation
It is a widely accepted fact that companies who are resistant to change cannot compete with those who accept rapid change. Think about where your company was a year ago. What about six months ago? Last month? Have you changed? Have you innovated? If you haven’t you’re going to fall behind the competition, because I firmly believe change and innovation …
5 Fixes for Your Failing Data Initiatives
There are thousands of articles written about the importance of using data in business and finding success. I’ve written about it several times. Some businesses have been able to capitalize on big data and analytics and have been able to improve the decision-making process across the organization. But despite the few gleaming success stories, I’m still seeing failing data initiatives …
15 Key Stats from the 2018 Digital Transformation Index
Curious where your company stands when it comes to digital transformation? The 2018 Digital Transformation Index can help. We recently released the most comprehensive report of its kind on digital technology adoption among business organizations. The Index can serve as your company’s benchmark in digital transformation, noting both progress and obstacles impacting more than 1,000 North American and Western European …
Exploring the Trends Driving the FinTech Revolution
If you have not heard about the FinTech revolution that is happening right now, you need to get out from under your rock. These revolutionary advancements are not just impacting the financial industry. They have the potential to change the way we conduct transactions in all aspects of business. Finance has been one of the last areas of business to …
3 Ways People Drive the Digital Transformation
Who is responsible for attracting top talent to your organization? Who creates your marketing campaigns and strategies for sales? Who interacts with customers on a daily basis? Your employees do. Employees are the lifeblood of business and yet we tend to forget what it would be like without them. We forget that even though we have technology for every task, …
Why Edge Computing and Data Centers Must Work in Harmony
Forget the speed of light. In today’s marketplace, it’s almost impossible for data itself to move fast enough to keep our businesses running. As Cole Crawford, CEO of Vapor IO, has said: “Speed of light sucks.” And since we haven’t yet developed a way to beat it, we have to find a way to outsmart it. Enter: the growing differentiation …
5 Leadership Traits Required for Digital Transformation Success
Businesses are changing right before our eyes as the digital transformation takes place around the world. And yet many dinosaur leaders, as I like to call them, are still in these businesses risking extinction if they can’t adapt to this ever-changing environment. It’s true that leaders must be willing to accept change in order to remain competitive. However, I believe …