Digital transformation is no longer a buzzword. No industry is left behind.
We’re currently in a new wave of digital transformation with new technologies, processes, business models and opportunities popping up in the market faster than we can blink & think.
All the companies are using big data, machine learning, cloud, smart…
Added by Sandeep Raut on October 22, 2017 at 7:00pm — No Comments
In an attempt to put the patient first in healthcare, Congress and President Obama in 2015 approved a bipartisan bill for United States healthcare reform. The bill is known as “Medicare Access and CHIP Reauthorization Act of 2015,” or MACRA. Among the major provisions of MACRA is the Quality Payment Program. Under the Quality Payment Program, physicians and nurses receive positive, neutral or negative Medicare payment adjustments based upon a “Patient Satisfaction Score,” that…Continue
Added by Bill Schmarzo on October 19, 2017 at 8:30am — No Comments
Today’s customers are like a King. They are in the driver’s seat, with the power of the internet and social media tools creating tons of information. With the strong influence of smartphones, all the information is at their fingertips.
We are living in interesting times ofIndustry 4.0. Consumers are now on the cusp of a hyper-personalized era with fundamental changes in terms of choice,…
Added by Sandeep Raut on October 15, 2017 at 9:30pm — No Comments
Digital has brought in so many technological advances to this age and one of them is Robotic Process Automation (RPA).
A simple definition of RPA is, automation of business processes across the enterprise using software robots. Any repetitive task which requires some decision making is an ideal candidate for RPA. Automation has become an integral…
Added by Sandeep Raut on October 8, 2017 at 7:00pm — No Comments
“The problem is that, in many cases, big data is not used well. Companies are better at collecting data – about their customers, about their products, about competitors – than analyzing that data and designing strategy around it.” –
How can this still be the case? I mean after 5+ years of experience with Big Data, have we not learned a darn thing? We get the following observation from no less than the Harvard Business School:
Added by Bill Schmarzo on September 26, 2017 at 6:30am — No Comments
A lot of times when the prevalent industry trends are discussed among industry folks, there are usually two directions in which the conversation goes. It is either varying states of disbelief at the rate of change within the business and IT landscapes; or it is enthusiastic agreement on the importance of moving with the times and adopting a digital infrastructure. The…Continue
Added by Ronald van Loon on September 21, 2017 at 8:00am — No Comments
In this Digital age, every organization is trying to apply machine learning and artificial intelligence to their internal and external data to get actionable insights which will help them to be closer to today’s customer. A few years back it was the field only for data scientists and statisticians, who used to analyze the data, apply several techniques…
Added by Sandeep Raut on September 10, 2017 at 11:30pm — No Comments
Digital transformation is underway in practically every industry in the world. Companies, businesses and organizations throughout the world are leveraging their assets, big data and analytics for an edge over their competitors. In fact, data analytics and big data have gained popularity to the extent that data analysis for differentiation is…
Added by Ronald van Loon on September 3, 2017 at 11:30pm — No Comments
Digitization is disrupting every business and is spreading like a wild fire across every sector such as Banking, Financial Services, Insurance, Retail, and Manufacturing.
Digital Transformation does not happen overnight. It is a continuous process. That is why it is very hard to plan too far ahead in a digital transformation program. The technology is evolving so…
Added by Sandeep Raut on September 3, 2017 at 5:00am — No Comments
We are all familiar with machine learning in our everyday lives. Both Amazon and Netflix use machine learning to learn our preferences and provide a better shopping and movie experience.
Artificial intelligence (AI) has stormed the world today. It is an umbrella term that includes multiple technologies, such as machine learning, deep learning, and…
Added by Sandeep Raut on August 27, 2017 at 3:00am — No Comments
Added by Sandeep Raut on August 12, 2017 at 10:00pm — No Comments
As mentioned by Tom Davenport few years back,Data Scientist is still a hottest job of century. Data scientists are those elite people who solve business problems by analyzing tons of data and communicate the results in a very compelling way to senior leadership and persuade them to take action.
They have the critical responsibility to understand the data and help business get more knowledgeable about their customers.
The importance of Data Scientists has rose to top due to two…Continue
Customer analytics has been one of hottest buzzwords for years. Few years back it was only marketing department’s monopoly carried out with limited volumes of customer data, which was stored in relational databases like Oracle or appliances like Teradata and Netezza. SAS & SPSS were the leaders in providing customer analytics but it was restricted to conducting segmentation of customers who are likely to buy your products or services. In the 90’s came web…
Added by Sandeep Raut on July 29, 2017 at 7:30pm — No Comments
Added by Sandeep Raut on July 23, 2017 at 6:00am — No Comments
The digital revolution has created significant opportunities and threats for every industry. Companies that cannot or do not make significant changes faster to their business model in response to a disruption are unlikely to survive It is extremely important to do digital maturity assessment before embarking on digital transformation. Digital leaders…
Added by Sandeep Raut on July 15, 2017 at 3:00am — No Comments
When talking to clients about their business goals, most business executives are pretty clear as to what they want to accomplish, such as reducing customer churn or reducing inventory costs or improving quality of care or improving product line profitability. But these “one dimensional” business initiatives really don’t push the organization’s innovative thinking. For example, I can easily reduce marketing costs if I significantly reduce advertising and promotional spending. Or I can easily…Continue
Added by Bill Schmarzo on July 12, 2017 at 11:30am — No Comments
It’s hard to get into the world of the Internet of Things (IOT) without eventually talking about Digital Twins. I was first exposed to the concept of Digital Twins when working with GE. Great concept. But are Digital Twins only relevant to physical machines such as wind turbines, jet engines, and locomotives? What can we learn about the concept of digital twins that we can apply more broadly – to other physical entities (like contracts and agreements) and even humans?…Continue
Added by Sandeep Raut on July 8, 2017 at 10:00pm — No Comments
My job has the great advantage of bringing me in touch with some outstanding and truly brilliant people. As an example, last year I spoke at the PrecisionAg Vision Conference in Phoenix (and I’ll be speaking there again this fall on October 12), and ran into a number of companies that were applying data science and big data principals to the world of agriculture. Having grown up in Charles City, Iowa, I have a special place in my heart for farming and the importance of agriculture to the…Continue
I attended the interview with Nick Drake, Senior Vice President, Direct to Consumer at T-Mobile and Otto Rosenberger who serves as CMO at the Hostelworld Group at the Adobe Summit. The key take away of the entire session was that customer experience is the beginning and the core of digital transformations – it is where it all begins.
T-Mobile and Hostelworld are…Continue
Added by Ronald van Loon on June 19, 2017 at 2:00am — No Comments