Big Data and IT-Enabled Services: Ecosystem and Coevolution?
Services, rather than products, are increasingly viewed as the main driver in business and economic growth. 8 Ever more services are available in industries such as healthcare, finance, education, and marketing. Even manufacturing companies are transforming their businesses to be service-oriented. 9 IT has been a powerful enabler behind these transformations and innovations. For example, the benefits of customer relationship management (CRM), a popular service for customer acquisition and retention, can’t be fully realized without IT. Similarly, contemporary services such as e-healthcare, electronic financial services, and e-logistics aren’t possible without IT’s enabling role.
Rise and rise of Internet of Things in India
There's no doubt that the increasing adoption of IoT will certainly have an impact on the job market in India. Some current roles will become redundant. It should, however, also create new opportunities, some of which we cannot even envision today. There will be new opportunities in traditional verticals. Software development, data management, analytics are all areas that should see strong growth as IoT adoption gains momentum. At the same time, some new hybrid verticals (like IT + Medicine) may emerge. Adjusting to changes and learning to work differently, even in traditional roles, in the connected world will be a key to success in the IoT age.
Entering The Digital Economy? Look Beyond The Technology
As the customer experience continues to become increasingly digital, the buying journey and sales pipeline are accelerating at a dizzying pace. There are many more opportunities to initiate transactions, for customers to make requests to businesses, and for businesses to deliver those demands within a time frame the customer expects. As a result, processes have to be instrumented – leading to automation. “The Rise and Implications of Economic Hyperconnectivity,” Pete Swabey, senior editor of technology at EIU, supports this reality by stating, “Where things get really interesting is when those demand signals are fed back into the supply chain. And we have automated systems that draw patterns in demand signals and then pump them into the supply in a market without any human interaction.”
5 Ways To Increase API Adoption
When looking to increase the adoption rate of your application programming interface, or API, these are certainly a few of the questions you should be asking. While APIs and the developers who use them may be working in a unique and different language from the rest of the business world, there’s no doubt that the formula used to grow the popularity, fan base and brand advocates behind a consumer product is the same when applied to the API economy. Inspired by the talk given by ex-ProgrammableWeb editor and CenturyLink Cloud developer content lead Adam DuVander at the 2014 APIcon UK, this piece looks to offer you the tried-and-true principles of marketing, sales, customer service and brand advocacy that come together as a sure-fire way to increase your API adoption.
The Importance Of “Cultural Alignment” for Global Creativity
How does culture impact creativity? What is the difference between “local” and “foreign” creative tasks? And what does that all have to do with crowdsourcing? A recently published article sheds light on the relationship between culture, creativity and the importance of “cultural alignment” for cross-cultural creative tasks. The paper looks at the effect of culture (the extent to which countries have strong cultural norms and enforce them strictly) on peoples’ likelihood to participate in, and succeed at, global creative tasks. It advances a new theoretical model, the “Cultural Alignment Model of Global Creativity,” to understand how culture impacts creativity in a global context.
36 Reasons Why Top IT Projects Fail.
9 months back, I was part of a discussion started by Ron Sheldrick on LinkedIn about the topic — Failure of top IT projects. To this date the discussion is extremely active with many experts leaving their valuable inputs. Inspired by this discussion, I want to outline some of the top reasons projects fail. But before that, let’s have a quick look at the stats related to the success rate of large projects.
Gartner Launches Integrated GRC Research Program
Our “Hype Cycle for GRC Technologies” and “Market Guide for GRC Software Platforms” will highlight a number of technologies and software vendors that span the wider GRC software market. We will also publish a set of reports (Magic Quadrants, Critical Capabilities and Market Guides) focused specifically on seven market segments within GRC. ... The full set of these “OneGRC” research reports will give our readers the best view of the entire GRC software marketplace as they work towards integrating their GRC software solutions. More information about this “OneGRC” research program will be provided this week at our U.S. Summit as well as at our upcoming Summit events across the globe.
Java Bytecode: Bending the Rules
One of the original intentions of Java bytecode was to reduce a Java program’s size. As an emerging language in the fledgling days of the World Wide Web, applets for example, would require a minimal download time. Thus, sending single bytes as instructions was preferred to transmitting human-readable words and symbols. But despite that translation, a Java program expressed as bytecode still largely resembles the original source code. Over time, developers of languages besides Java created compilers to translate those languages into Java bytecode. Today, the list of language-to-Java-bytecode compilers is almost endless and nearly every programming language became executable on the Java virtual machine.
What’s the scope of a business-model?
The catch is that ‘value’ and ‘money’ are not the same: for example, there’s a very big difference between ‘value for money’ and ‘value is money’. Even at best, money is merely a symbol or indicator of perceived-value. And once we move beyond the most simplistic levels of the business-model, it’s absolutely essential not to treat ‘money’ and ‘value’ as synonyms. Which is a problem here, because that’s exactly what BMCanvas does in its ‘Cost-Structure’ and ‘Revenue-Streams’ cells: it describes costs and returns solely in monetary terms – rather than the value-flow terms that we actually need in order to map out and literally ‘validate’ a complete, implementable, testable business-model. To make it work, we need to go back to that initial definition of ‘business-model’: “A business model describes the rationale of how an organization creates, delivers and captures value“.
Who put the “Enterprise” in Architecture?
A strong contender is Westpac – the Australian bank and financial-services provider. Westpac is one of Australia’s Big Four Banks and also the second-largest bank in New Zealand. In the 1990s it embarked on one of the most ambitious and innovative EA projects. The project – known as Core Systems for the 1990s, or CS90 – included many aspects of EA that we take for granted today: component-based architecture, reference models, generated code, and frameworks. The jury remains divided on whether the project was a “success” or not. The project was a victim of a financial crash, so it was never fully completed. Some believe that what was implemented was radical, effective and way ahead of competing architectures, while some argue that it was costly, career-damaging and incomplete.
Quote for the day:
“A true dreamer is one who knows how to navigate in the dark.” -- John Paul Warren
Services, rather than products, are increasingly viewed as the main driver in business and economic growth. 8 Ever more services are available in industries such as healthcare, finance, education, and marketing. Even manufacturing companies are transforming their businesses to be service-oriented. 9 IT has been a powerful enabler behind these transformations and innovations. For example, the benefits of customer relationship management (CRM), a popular service for customer acquisition and retention, can’t be fully realized without IT. Similarly, contemporary services such as e-healthcare, electronic financial services, and e-logistics aren’t possible without IT’s enabling role.
There's no doubt that the increasing adoption of IoT will certainly have an impact on the job market in India. Some current roles will become redundant. It should, however, also create new opportunities, some of which we cannot even envision today. There will be new opportunities in traditional verticals. Software development, data management, analytics are all areas that should see strong growth as IoT adoption gains momentum. At the same time, some new hybrid verticals (like IT + Medicine) may emerge. Adjusting to changes and learning to work differently, even in traditional roles, in the connected world will be a key to success in the IoT age.
Entering The Digital Economy? Look Beyond The Technology
As the customer experience continues to become increasingly digital, the buying journey and sales pipeline are accelerating at a dizzying pace. There are many more opportunities to initiate transactions, for customers to make requests to businesses, and for businesses to deliver those demands within a time frame the customer expects. As a result, processes have to be instrumented – leading to automation. “The Rise and Implications of Economic Hyperconnectivity,” Pete Swabey, senior editor of technology at EIU, supports this reality by stating, “Where things get really interesting is when those demand signals are fed back into the supply chain. And we have automated systems that draw patterns in demand signals and then pump them into the supply in a market without any human interaction.”
5 Ways To Increase API Adoption
When looking to increase the adoption rate of your application programming interface, or API, these are certainly a few of the questions you should be asking. While APIs and the developers who use them may be working in a unique and different language from the rest of the business world, there’s no doubt that the formula used to grow the popularity, fan base and brand advocates behind a consumer product is the same when applied to the API economy. Inspired by the talk given by ex-ProgrammableWeb editor and CenturyLink Cloud developer content lead Adam DuVander at the 2014 APIcon UK, this piece looks to offer you the tried-and-true principles of marketing, sales, customer service and brand advocacy that come together as a sure-fire way to increase your API adoption.
The Importance Of “Cultural Alignment” for Global Creativity
How does culture impact creativity? What is the difference between “local” and “foreign” creative tasks? And what does that all have to do with crowdsourcing? A recently published article sheds light on the relationship between culture, creativity and the importance of “cultural alignment” for cross-cultural creative tasks. The paper looks at the effect of culture (the extent to which countries have strong cultural norms and enforce them strictly) on peoples’ likelihood to participate in, and succeed at, global creative tasks. It advances a new theoretical model, the “Cultural Alignment Model of Global Creativity,” to understand how culture impacts creativity in a global context.
36 Reasons Why Top IT Projects Fail.
9 months back, I was part of a discussion started by Ron Sheldrick on LinkedIn about the topic — Failure of top IT projects. To this date the discussion is extremely active with many experts leaving their valuable inputs. Inspired by this discussion, I want to outline some of the top reasons projects fail. But before that, let’s have a quick look at the stats related to the success rate of large projects.
Gartner Launches Integrated GRC Research Program
Our “Hype Cycle for GRC Technologies” and “Market Guide for GRC Software Platforms” will highlight a number of technologies and software vendors that span the wider GRC software market. We will also publish a set of reports (Magic Quadrants, Critical Capabilities and Market Guides) focused specifically on seven market segments within GRC. ... The full set of these “OneGRC” research reports will give our readers the best view of the entire GRC software marketplace as they work towards integrating their GRC software solutions. More information about this “OneGRC” research program will be provided this week at our U.S. Summit as well as at our upcoming Summit events across the globe.
Java Bytecode: Bending the Rules
One of the original intentions of Java bytecode was to reduce a Java program’s size. As an emerging language in the fledgling days of the World Wide Web, applets for example, would require a minimal download time. Thus, sending single bytes as instructions was preferred to transmitting human-readable words and symbols. But despite that translation, a Java program expressed as bytecode still largely resembles the original source code. Over time, developers of languages besides Java created compilers to translate those languages into Java bytecode. Today, the list of language-to-Java-bytecode compilers is almost endless and nearly every programming language became executable on the Java virtual machine.
What’s the scope of a business-model?
The catch is that ‘value’ and ‘money’ are not the same: for example, there’s a very big difference between ‘value for money’ and ‘value is money’. Even at best, money is merely a symbol or indicator of perceived-value. And once we move beyond the most simplistic levels of the business-model, it’s absolutely essential not to treat ‘money’ and ‘value’ as synonyms. Which is a problem here, because that’s exactly what BMCanvas does in its ‘Cost-Structure’ and ‘Revenue-Streams’ cells: it describes costs and returns solely in monetary terms – rather than the value-flow terms that we actually need in order to map out and literally ‘validate’ a complete, implementable, testable business-model. To make it work, we need to go back to that initial definition of ‘business-model’: “A business model describes the rationale of how an organization creates, delivers and captures value“.
Who put the “Enterprise” in Architecture?
A strong contender is Westpac – the Australian bank and financial-services provider. Westpac is one of Australia’s Big Four Banks and also the second-largest bank in New Zealand. In the 1990s it embarked on one of the most ambitious and innovative EA projects. The project – known as Core Systems for the 1990s, or CS90 – included many aspects of EA that we take for granted today: component-based architecture, reference models, generated code, and frameworks. The jury remains divided on whether the project was a “success” or not. The project was a victim of a financial crash, so it was never fully completed. Some believe that what was implemented was radical, effective and way ahead of competing architectures, while some argue that it was costly, career-damaging and incomplete.
Quote for the day:
“A true dreamer is one who knows how to navigate in the dark.” -- John Paul Warren
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