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
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
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
Simplicity is a great virtue but it requires hard work to achieve it and education to appreciate it. And to make matters worse: complexity sells better. — Edsger W. Dijkstra Architecture’s raison d’être is to manage complexity and enable value generation for the enterprise that rests on it. But does the enterprise of architecture always produce the architecture for the enterprise? My experience tells me that it often does not. Sometimes, though, in our finest moments, we manage to architect things of elegance that push our enterprises and industry to much higher levels. It may not all be by design; emergence may be a better explanation for some of our architectural accomplishments. So, what would 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.
By asking the CEOs of some of the most successful and influential companies in the world, such as GE and Google, a clear definition of innovation management emerges. The definition addresses the need to quickly and effectively implement organizational goals and objectives to remain competitive and the desire to strengthen advantages through the adoption of innovative ideas, products, processes, and business models. Enterprises facing increasing competition and the pressure of technological innovation are beginning to realize that to drive organic business growth and maintain a competitive advantage, they need to discover and implement innovation quickly and with great care to ensure maximum value. One-off innovations are moderately easy to take advantage of, but to create a pipeline of Read more
Cognitive computing is among the major trends in computing today and seems destined to change how business people think about the ways in which computers can be used in business environments. “Cognitive computing” is a vague term used in a myriad of ways. Given the confusion in the market as to the nature of cognitive computing, our recent Executive Report (Part I in a two-part series) describes what we mean by cognitive computing by exploring five different perspectives on the topic: (1) rules-based expert systems, (2) big data and data mining, (3) neural networks, (4) IBM’s Watson, and (5) Google’s AlphaGo. Here is a brief description of each. Rules-Based Expert Systems There have been other attempts to commercialize artificial intelligence Read more