Cutter Consortium has been conducting a survey to gain insight into how organizations are adopting — or planning to adopt — blockchain technology. A few weeks ago, I reported on some of the finding about who is leading the blockchain efforts in organizations. A significant indicator of how far a new technology has penetrated the mainstream enterprise is the extent that organizations are budgeting for its adoption or usage. Cutter Senior Consultant Curt Hall is analyzing the data for a series of Executive Updates, and recently revealed his findings about budgeting for blockchain. Current budgeting for blockchain efforts in the enterprise is quite limited, with less than 20% of surveyed organizations having done so. (See Figure 1 below.) Read more
Anne Mullaney oversees Cutter's marketing and product development activities and in-house editorial/research teams. She has more than 25 years experience in the high-tech publishing business. Read more ...
State Street Corporation’s Advanced Technology Research Centres in Europe, the Middle East, and Africa (EMEA) and Asia Pacific (APAC), University College Cork (UCC) and Zhejiang University (ZJU), are proving that higher education and business organizations can successfully conduct R&D that benefits both academia and business. The joint research efforts have informed and benefited multiple stakeholders in the financial services ecosystem, including international standards bodies, customers, other financial services companies, and academia on how to efficiently integrate various fintech technologies, platforms, and systems together. Cutter Business Technology Journal recently published an issue dedicated to some of this research. The four articles included focus on semantic ontologies, next-generation robo-advisors, tools supporting internationalization and localization of legacy systems, and Read more
Many enterprise architecture (EA) teams struggle with creating a program that demonstrates the level of strategic value that they believe EA should have. Even after following all the advice in frameworks and online articles, chief architects and CIOs still struggle as EA programs fail to reach their potential as an influencer of strategy execution across the enterprise. There are five steps that Cutter Senior Consultant Nick Malik advises EA teams must do to go from a tactical technical program to a strategic role. Ironically, these activities are somewhat tactical in nature. According to Malik, “this is block-and-tackle work”. In his recent Business & Enterprise Architecture Executive Report, “Climbing the Ladder: 5 Steps to Connect EA Read more
There’s hardly an organization that doesn’t strive to be innovative. But even well-managed companies struggle with it. Cutter Senior Consultant Borys Stokalski and Bogumil Kaminski report there are typically two points of failure for establishing a working innovation engine: Point of Failure 1: Lack of Clear Innovation Governance According to Stokalski and Kaminski, while companies think hiring creative people will automatically result in innovation, that is seldom the case. Instead (in addition?), you need to ask questions about the type of innovation that is required by your business strategy, that is, you need to engage in innovation governance. Innovation governance is critical to organizing for efficient innovation. How do you do it? Consider questions like, Read more
From time to time Cutter Senior Consultant Jens Coldewey talks with middle managers who started their Agile journey some years ago and are unhappy with the results. Here’s his advice: If you start changing an organization toward an Agile mindset, there’s no real end. Agile is about creating an organization of continuous learning and the transformation is done when there is nothing new to learn, which will probably be never. This puts an enormous challenge on middle management. In most organizations, lower management is responsible for actual delivery, upper management is responsible for keeping the organization prepared for the future, and middle management is responsible for stabilizing the organization. Now continuous learning means that Read more
We recently asked Cutter Senior Consultant San Murugesan a question: If you consider the transformation of business to be phenomenal thus far, what do you expect the future of business will be? He answered our questions in his opening statement of a Cutter Business Technology Journal issue focused on the business opportunities in the new digital age: “Well, it’s definitely not going to be ‘business as usual.’ The business landscape is poised for an unprecedented wave of further innovations and changes. How these will emerge, who will be the leading players in different sectors, and how the changes will affect us — average people in both advanced and developing countries, young and old — are Read more
Last week I wrote about the “triple win” that can come from robotic processing applications (RPAs). But Cutter Fellow Robert N. Charette points out a cautionary tale. In a recent Business Technology & Digital Transformation Strategies Advisor, Charette tells the saga of the Michigan Unemployment Insurance Agency’s Michigan Integrated Data Automated System (MiDAS) system, which was found to have falsely accused at least 22,000 — and possibly more than 50,000 — of the state’s residents of unemployment fraud between October 2013 and August 2015. How did that happen? Writes Charette: It turns out that Michigan decided to fight unemployment fraud using a software-driven approach, rather than the previous ‘manual and paper intensive work process.’ In fact, Michigan UIA Read more