The business world is poised for an unprecedented wave of innovation. Technological advances such as augmented reality, virtual reality, cognitive assistants, 3D/4D printing, personalization, conversational interfaces, drones, deep learning, predictive analytics, the Internet of Things, blockchain, new payment systems and affective computing play major roles in driving and enabling the next wave of innovation in business. These technologies – combined with new business models facilitated by social/collaborative commerce, shared services/economy, and crowd sourcing – will have a profound influence across the business world. Furthermore, businesses need to cater to the newer expectations and demands of a younger generation (selfi-generation, digitally-embedded generation) of customers. So, business is not going to be as usual, again! Where is Read more
Christine Generali is a Group Publisher for Cutter Consortium - responsible for the editorial direction and content management of Cutter's flagship publication, Cutter IT Journal.
The concepts of Information Superiority and Digital Capital will increasingly shape the business strategies and operations of organizations that face the digital- and hyper-competition that’s so common today. Information Superiority was first introduced to the management world by Paul Strassmann, who defined it as “the capacity to increase economic value faster than the competition.” Strassmann’s definition stresses outcomes (such as increased EVA). The US Department of Defense defines Information Superiority as “the operational advantage derived from the ability to collect, process, and disseminate an uninterrupted flow of information while exploiting or denying an adversary’s ability to do the same.”* Typically, in the business world, organizations focus on winning markets rather than crushing rivals, but Read more
“Musicians play their instruments. I play the orchestra.” Steve Jobs attributed this quote to a famous conductor in the film Steve Jobs. It’s hard to come up with a more vivid illustration of leadership. It acknowledges that conductors may be less adept at playing instruments than any of the players in front of them — and other instruments not at all — yet they elicit brilliant performances. I have been told by a San Francisco Symphony musician that guest conductors can in a few rehearsals have the orchestra sounding like the orchestras where they are based. Leadership, per Webster, means “the quality of a leader; capacity to lead”. In recent years, the word has become Read more
We are currently in the midst of the Fintech revolution. It is evident that technology is significantly transforming and disrupting the financial services landscape. This presents significant opportunities and challenges for incumbents, start-ups and regulatory bodies. Fintech is evolving, moving beyond simply being the realm of start-up disruptors, with many incumbents now making significant R&D investments and many are collaborating with start-ups. Both interest and investment in Fintech has exploded in the last few years. Fintech, the intersection between finance and technology, has experienced a 67% growth in investment in the first quarter of 2016, with investment reaching $5.3 billion (Accenture, 2016). PwC (2016) report that 83% of financial companies believe that specific aspects of Read more
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 or machine learning. 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 Read more
Cutter’s Curt Hall is conducting research on the measures organizations are taking to safeguard their data in light of the persistent breaches that have become commonplace in our world. This confidential survey seeks to gauge the various trends impacting organizations’ data security protection practices, and the extent to which organizations are using data-centric practices and technologies. Survey results will be revealed in upcoming Cutter Consortium research. Those who complete the survey will receive a $50 Cutter Bookstore credit. Thanks in advance for your participation! Take the survey.
This upcoming issue of Cutter IT Journal seeks articles on new approaches, strategies, and solutions to help IT professionals address and prevent the possibility of cyber attacks stemming from IoT related devices. Cyber threats have been on the rise, and more so with the advent of the Internet of Everything (IoE). Common appliances are now featuring intelligent processing and real-time connections to the Internet. Health measurements are now collected in real-time by smart wearables, including general purpose smart watches. The latest models from automobile manufacturers feature cloud connectivity for enabling remote software updates, tracking fuel consumption, and streaming dashcam activity. On a larger scale, the smart grid ensures seamless and dynamic allocation of energy where Read more
Shout out to Cutter Fellow Bob Charette for winning the esteemed 2016 Jesse H. Neal Award for his series of articles featured in the “Lessons from a Decade of IT Failures” – detailing the takeaways from tracking the big IT debacles of the last ten years. After Bob’s 2005 article, “Why Software Fails” – he started tracking, documenting and blogging about technology failures of all sizes. Ten years later, he selected five of these IT project failures to feature in the report, “Lessons from a Decade of IT Failures,” replete with interactive graphs and charts – now recognized and rewarded for its editorial excellence in business media. A very well deserved honor — congratulations, Bob! Read more
Analytics — deep, predictive, operational, (insert preferred flavor here) — has climbed to the top of business executives wish lists in the past few years. The explosion of big data from social media sources and the coming supernova from the Internet of Things promises complete understanding of customer needs as well as the prediction/influencing of future behavior. With sufficient data, best of breed algorithms, faster computers, and emerging deep learning approaches — statistical correlation will become a largely exact science. Understanding causation will become an unnecessary luxury. Welcome to the analytics nirvana. Of course, inspiration and implementation often diverge. The day-to-day practicality of big data analytics continues to raise ongoing challenges. The “P-words” — preparation, people, prediction, and production point Read more
“We are rushing headlong into the robotics revolution without consideration for the many unforeseen problems lying around the corner. It is time now to step back and think hard about the future of the technology before it sneaks up and bites us when we are least expecting it.” – Noel Sharkey, Foundation for Responsible Robotics One of the more vexing issues of Sharkey’s robotics revolution requires hard thinking – whether or not the computing algorithms that underpin it are “ethical.” For example, what path should a self-driving car be programmed to take in the event it finds itself in a situation where it may either have to crash into a bus stop full of school Read more