Jul 262016
 
Levels of Architectural Understanding

Early on in my EA career, I was very fortunate to become involved in a pioneering EA initiative at Westpac. My introduction to Westpac came when I helped its Group Data Resource Management team develop tool and repository support for its enterprise business model. During this engagement, I kept hearing people refer to an exciting but very hush-hush project that went under the code name “CS90.” I was intrigued and determined to find out more. That proved very difficult because the project was so leading-edge and innovative that all its documentation was marked at the highest level of secrecy. To make it even harder for competitors to find out what Westpac was doing, CS90 was divided Read more

Jul 262016
 
Cognitive-Based Solutions for Assessing Risk in Banking and Finance

Cognitive computing is starting to impact the enterprise by changing the way data is analyzed and the manner in which employees and customers interact with computerized systems. This is happening across various industries, ranging from healthcare and retail to banking and financial services. Since I have been delving into the financial area of late, I wanted to provide a glimpse into how banks and other financial institutions are utilizing cognitive applications and commercial solutions within their organizations. Key Drivers Key trends driving cognitive into banking and finance include: Massive data sets. Finance and banking firms are facing an increasing need to analyze very large data sets consisting of structured and unstructured data for exploration and discovery, Read more

Jul 212016
 
Call for Papers - Cognitive Computing: The Future Has Arrived!

In the 1980s, everyone got excited about the possibility of artificial intelligence. The excitement grew for a few years and then gradually faded as companies found that it was too hard to build and maintain useful expert systems or natural language interfaces. However, there has been a renewed interest in developing software applications that can interact with people in natural languages, perform complex decision-making tasks, or assist human experts in complex analysis efforts. Today these systems are called cognitive computing systems. They rely on research from artificial intelligence laboratories and use new techniques like deep learning and reinforcement which seem to overcome some of the problems that were encountered with earlier AI systems. Their capabilities Read more

Agility and Stability

 Posted by on Jun 28, 2016  1 Response »
Jun 282016
 
Agility and Stability

The world is in a time of rapid change resulting from the usual culprits: The integrated economies and labor market have created a “flat world. The Internet has reduced friction in the marketplace The accessibility of data has revolutionized target marketing The low cost of processing, storage, and software environments (e.g., Java, Python, R) has made application development efficient, enabling innovation and disruptive technology. In the past, building business was associated with stability — creating an organization of lasting value that persisted even through a change of management or some market structure change. Running a business in the face of today’s changes, however, alters the nature of business management. “Agility” is the facility of quick response Read more

Jun 142016
 

The boundary between machine capabilities and what once seemed uniquely human has certainly moved over the years, justifying concerns that the relatively new field of roboethics addresses. Roboethics goes beyond job losses and looks at the impact of robotization on society as a whole; that is the major topic here. (I will address job losses at the end.) An algorithm can be unethical in both obvious and subtle ways. It could be illegal, as may have been the case with Volkswagen’s engine management algorithms for its “clean” diesel engines. It could be unethical in the sense that it violates a sense of fair play. More subtly, an algorithm could take on decision-­making roles that a Read more

Jun 142016
 
How to Architect a Data Lake

“How do you architect a lake?” If the question sounds like the opening line of a joke, the answer would clearly come as: “You don’t. You can only discover one.” Whether it is data warehouses or marts, data lakes, or reservoirs, the IT industry has a penchant for metaphor. The subliminal images conjured in the human mind by the above terms are, in my opinion, of critical importance in guiding thinking about the fundamental meanings and architectures of these constructs. Thus, a data warehouse is a large, cavernous, but well-organized location for gathering and storing data prior to its final use and a place where consumers are less than welcome for fear of being knocked Read more

Jun 102016
 
Think you're making rational business decisions? Think again.

Cutter Senior Consultant Barry Devlin is passionate about extending BI approaches into true business insight. His four-part series over at Upside.com digs into the science of decision making (hint: we’re less rational than we think!) and how that fits with current BI tools (hint: not very well). Here’s an excerpt from How Do You Make Decisions? (Part 4). In my book, Business unIntelligence: Insight and Innovation beyond Analytics and Big Data, I developed a conceptual model for decision making support in today’s world. This model consists of three “thinking spaces.” Two of these are obvious and long-recognized: information and process. However, I also explicitly included a people space in the conceptual architecture, sitting atop the Read more

May 312016
 
Will Wearables Disrupt the Financial Sector?

Digital transformation continues to change the financial sector. The increasing use of smartphones and tablets has changed customers’ behaviors and fueled adoption of mobile banking. Wearables capable of storing and processing data allow us to integrate better with the technology and incorporate electronics into every domain of our lives. The question arises whether the wearables can follow that success and become a new disruption for the financial sector. And if so, will they replace or supplement the mobile devices that are currently in use? Current Wearables Banking Market Assessment Wearable technology has exploded in popularity in recent years as the devices have grown smaller and their communication and integration capabilities have grown significantly. The global wearables market was valued Read more

May 312016
 
Attention Agile Organizations: Alignment = Better Decision Making

A frequent complaint we hear from Agile teams is that their self-organization is not respected and their manager routinely overrules their decisions. If you talk to the manager, he or she complains that the team doesn’t respect company policies anymore and makes decisions it’s not entitled to make. What seems to be a battle about power in many cases and like a confusion of self-organization with autonomy turns out to be an unfinished Agile integration into the organization. Last December, we discussed this topic at a workshop of the “Supporting Agile Adoption” program of the Agile Alliance from the perspective of decision making. Decision making has been a topic of management literature since at least the middle of Read more

May 242016
 
Call for Papers: Business-Driven Digital Transformation

Digital transformation is at the top of many executive agendas and organizations are investing substantial resources to make it happen. While there may be internal benefits such as efficiency gains, the primary driver for digital transformation is the customer. Customers are now in the driver’s seat with high expectations demanding what they want, when they want it, and how they want it – and they will go elsewhere to find it if not satisfied. Years of growth and change have created tremendous complexity and redundancy in large enterprises. This complexity has become more transparent to the customer and so improving the customer experience and achieving true digital transformation requires significant changes to the business and Read more