Our world is hybrid and becoming increasingly digitized – a study from McKinsey suggests that the pandemic accelerated companies’ adoption of digital or digitally enabled products by seven years. The ability to connect with one another like never before is exciting, but those connections don’t come without their challenges. For example, each new device communicating with the […]
Data Intelligence Predictions: How to Be Data-Driven in 2023
It’s a new year, but we’re still facing many of the same challenges as in 2022. Businesses are preparing for greater economic uncertainty, often looking for creative ways to keep costs low while still meeting goals for the year. By becoming data-driven and using data intelligence to fuel business decisions, leaders can confidently make key […]
Data Strategy Without Data Literacy? Like Boarding the Titanic!
Data literacy is a hot topic with today’s data leaders, and many have put budget aside for data literacy training this year, for a good reason. Data literacy is about improving an organization’s or individual’s ability to make decisions using data. And although training goes some way to support this, it is by no means the silver bullet on its own. A true, all-encompassing data literacy […]
Building a Data Analytics Strategy to Understand Your Supply Chain
We’ve all heard and seen the realities of the increase in shipping rates. In 2021, the domestic shipping rates for moving goods by road and rail in the U.S. was up 23% from 2020. The real problem, though, is that even if you can afford that increase, the product and capacity might not be available. […]
Transformational Inertia: Why So Few Digital Transformation Projects Succeed
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 […]
Data Culture: The Key to Becoming Data-Driven
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 […]