- By Steve Mills
The opportunities of Big Data are limitless for making business, the global economy and our society work better. The new reality is that Big Data has become one of our most valuable emerging natural resources.
This is due in large part to the economics around lower computing costs and the enormous advancements we’ve made in developing new technologies that can analyze data regardless of what kind, where it resides or how fast it is moving.
In financial services, Wall Street firms are generating five new research documents every minute. Nearly $100 billion in total sales are missed each year because retailers don’t have the right products in stock to meet customer demand. Earlier this month, the United Nations issued a report stating that the world has nearly as many cell phone subscribers as inhabitants.
By Kevin Thompson
While the 19th century experienced an industrial revolution that focused on manufacturing, the early part of this century is arguably about industrializing IT.
For the past 30 years, most enterprise organizations aiming to offer an application or IT solution have had to do much of the heavy lifting themselves – starting from scratch – building their own technology stack from the ground up and then managing everything in-house and on-premise.
Today, of course, those same organizations can procure computing resources and basic software services on-demand, expediting their go-to-market plans and minimizing both upfront and long-term costs.
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By Dan Pelino
Healthcare isn’t just a national policy issue. It’s an important part of the economy and everyone’s daily life. And, together – leaders of both the public and private sectors - we can provide leadership, collaboration and governance that can help us not only address cost, quality and access, but drive an economic impact that is meaningful to us all.
Around the world, cities, communities and regions have very different health care requirements and outcomes. Local business, political and academic leaders can come together with health providers to help achieve a more cost-effective, high-quality care system with access for their locale. We must team with doctors, nurses and care givers and not leave this grand challenge at the doorstep of our hospitals and emergency rooms.
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By Kris Lovejoy
As companies and individuals continue to connect in new and exciting ways – through the cloud, mobile technology and social media – each are becoming more informed and empowered. However, this always-on, real-time, hyper-connected world is not without its pitfalls. And while privacy, security, and performance tend to garner the headlines, the growing risk to reputation is gaining increasing attention.
A new study by the Economist Intelligence Unit commissioned by IBM reveals that reputational risks extend far beyond faulty products or shoddy services. Companies face serious risks to their brand if their IT is compromised. From stolen customer data to hacked passwords – an IT security breach can lead to dramatic and negative sentiment about a company and its image. Continue Reading »
By Yuchun Lee
If you follow this blog, you know that there’s been a lot of discussion about the evolved consumer and how the need to gain insights from mountains of data is drawing CMOs and CIOs closer together. To be sure, a healthy relationship between marketing and IT can drive real business results.
IBM’s Center for Applied Insights recently released a study titled, “Why Leading Marketers Outperform.” The study examines the success of leading marketers defined as individuals who have a high level of responsibility for engaging customers and a sophisticated approach when it comes to investing limited marketing resources.
According the study, marketing organizations that engage customers effectively and make better technology investments have a three-year revenue compound annual growth rate (CAGR) that is more than 40 percent higher than that of other companies.
By Tony Mwai
Ten years ago, if workers in Kenya wanted to send money to relatives across the country, they had two options – either pay a courier to take their wages back to their village or travel themselves, often spending a hefty portion of the wages on bus fare and then losing a day’s pay.
Today, in a just under a second, over 14 million Kenyans can send and receive money to each other in whichever part of the country they are, all thanks to mobile money transfer solutions.
Over the last five years, more than $16 billion has moved between phones in this country, indicating the untapped demand for access to reliable and affordable financial services in the palm of Kenyans. Continue Reading »
By Robert Fox
Back in the 1970’s, the Florida Orange Growers Association, trying to increase the consumption of oranges across the country, built an advertising campaign around the slogan: “Orange juice, it’s not just for breakfast anymore.”
Today as I talk with clients and survey the current technology landscape, a paraphrase of that old slogan echoes through my head: “Cloud computing — it’s not just for the IT department anymore.”
While cloud computing has a proven track record of helping firms’ IT centers to be more flexible and cost effective, increasingly cloud is finding its way into the business strategy arena where it is being tapped to create whole new business models and drive new revenue streams.
By Richard Silberman, Writer/Researcher, IBM Communications
Yuchun Lee knows about taking risks — and about winning. For seven years following college at MIT he was a member of the infamous MIT blackjack team, spending weekends in Las Vegas counting cards (it’s legal) and winning bundles.
During that same period, Lee and two partners started Unica Corp., a pioneer in marketing and analytics software. They bootstrapped the business (with no outside capital), built it into an industry leader and sold it to IBM in 2010 for about $500 million.
Today, as vice president of IBM’s Enterprise Marketing Management group, Lee has a lot to say about risk as he helps Chief Marketing Officers (CMOs) worldwide understand the enormous gamble they’re taking if they fail to adapt — and fast — to the new age of marketing.
By Matt Boswell, Corporate Financial Planner, Delegat’s Wine Estate
A bottle of wine represents a constantly-evolving process that spans numerous interconnected geographies, markets, and commercial livelihoods. As winemakers of repute, our expertise at Delegat’s Wine Estate lies in creating vintages that capture the elegant, cool climate characteristics that New Zealand wines have become renowned for.
As business people, we must match the quality of our wines with effective and adaptive process management throughout highly-competitive global markets. Maintaining excellence in both quality and strategy is the hallmark of any successful international business, and winemakers are no exception. Continue Reading »