Over the last 20 years of our experience helping companies achieve innovation and digital transformation success, we have observed that there are three critical resources an enterprise has at its disposal, that must be leveraged in an optimal way, to create success. Namely: time, political support, and investment capital – all of which tend to […]
The Importance of Data Culture to Have a Successful Data-Driven Company
The volume of data that individuals and businesses generate is growing rapidly. We have all heard how data is doubling every two years or that 90% of all data was created in the last two years. With this hockey stick-like growth, the complexity and variety of data are creating further issues for CDOs and data professionals. […]
Data Protection: An Essential Element of Any Digital Transformation Strategy
According to an annual cybersecurity report by Cisco, cyber-attacks are more advanced than ever before. Phishing, ransomware, social engineering, and trojans are the most active threats. Globally, the average total cost of a data breach is around $4.35 million, which increased by 2.6% compared to 2021, according to IBM’s most recent Cost of a Data Breach […]
Achieving Digital Resiliency and Agility with Organizational Change Management
IDC’s recent Future Enterprise Resiliency and Spending survey found that 65% of global decision-makers expect concerns about supply chain disruption, inflation, labor shortages, geopolitical tensions, and COVID variants to continue restraining the pace of recovery in global economic activity through the last quarter of the year and into 2023. The biggest challenge that companies face today is managing through […]
Three Tips to Smarten Your Digital Transformation Strategy
The COVID-19 pandemic accelerated organizations’ digital transformation efforts, regardless of whether they were ready for it or not. Now, as businesses have adjusted their plans to factor in the ongoing effects of the pandemic, digital transformation has become not just a business initiative, but one of high priority. In fact, Gartner found that digital transformation is now […]
4 Critical Elements of a Customer-Centric Data Strategy
From the humble data warehouse to the lake and swamp to potentially an ocean of data, take your pick where you want to drown yourself. The reality is the customer doesn’t care about the fancy lake or the Kafka pipelines; they care about the service they are receiving from you. Due to poor communication and misalignment […]
Building a Culture of Data-Driven Decision-Making
“Every company has big data in its future, and every company will eventually be in the data business.” That is according to Thomas H. Davenport, academic and author specializing in the confluence of analytics and business innovation. The evolution of technology and all things digital has dropped more information than ever about human needs, preferences, and […]
CIOs Helped Navigate Organizations Through Pandemic Growing Pains
The COVID-19 pandemic catalyzed enterprises to move at breakneck speeds with investments in technology, reskilling and hiring talent with chief information officers (CIOs) and IT leaders at the helm. Over the last couple of years, IT leaders have been focused on exploring modern solutions to modern problems (remote enablement and endpoint security technologies to name a […]
CDOs Harness Flood of External Data for Smarter Decision-Making
The first chief data officer (CDO) was appointed at Capital One in 2002. Although just 12% of Fortune 500 companies had a CDO a decade later, more than two-thirds of major companies employ CDOs now. Companies generate unfathomable amounts of information – one credible estimate compares the daily data output to 166,000 times the data contained in the Library of Congress. […]
How to Start Using AI at Your Company
So you want to start using AI at your company. Now what? First, evaluate if it has an appropriate place in your company. Many organizations hire a data scientist or an entire AI team with an anticipation of a fast, massive, magical gain. Even though by now most people realize that these expectations are naive, […]