Category

Business Technology Trends

Opinion on the technology, business, and social trends that are impacting enterprises worldwide.

Feb 202018
 
How Quickly is that Oncoming Train Arriving?

Every year we ask Cutter Consortium’s team of experts what they see as the trends to watch in the coming year/years. We’ve highlighted many of these in various Cutter publications and also here on the Cutter Blog. This year is no different. Cutter Business Technology Journal has compiled many of the articles, and I’ll be pointing out some of the highlights here over the next few weeks. Cutter Fellow Steve Andriole offers a different take: Every year many of the trends [predicted by many sources] are simple extrapolations of the previous year’s trends. But every year there are also some breakout trends. Perhaps of greatest interest are the rates of acceleration some trends experience in Read more

Feb 162018
 
[Call for Papers] Is a Blockchain Revolution on the Horizon?

Blockchain is coming out of the shadows. Originally developed as the distributed ledger technology underlying Bitcoin, it’s now being recognized as a foundational technology providing a legitimate transaction platform for industry and software vendors to deploy and on its way to revolutionizing how the world does business. Blockchain is disrupting/transforming many traditional businesses across the industry spectrum. Currently, blockchain technology is being used to enhance food and drug traceability, enable government efficiencies, automate the trading of shares, improve access to electronic medical records, and secure voting processes, to name but a few. The applications are infinite. An upcoming issue of Cutter Business Technology Journal, with Guest Editor Philip O’Reilly, will address the current uses of Read more

Feb 122018
 
The Rise of the Hub Economy

According to Harvard Business School Professor Karim Lakhani, who is also a Cutter Consortium Fellow, a new “hub economy” is emerging as a result of a shift in the business models companies are using to create and capture value. It’s now networks and data that are the organizing principles. The hub economy, writes Prof. Lakhani in a recent article for Cutter Business Technology Journal, is disrupting traditional businesses — from retail to automotive, hospitality to health, manufacturing to finance — all across the spectrum. This, in turn, is creating world in which just a small number of companies (think Amazon, Facebook, Google, etc.) dominate. Why? Karim states: The nature of competition in the hub economy Read more

Dec 192017
 
Capturing Value from Applying Machine Learning to Big Data: A Few Examples 

A specialized piece of artificial intelligence, machine learning, allows computers to learn on their own. In “Why Machine Learning is Crucial to Effective Utilization of Big Data,” Cutter Consortium Senior Consultant Greg Smith and his co-authors explain that machine learning is a specialization within artificial intelligence (AI) that allows computers to learn on their own. Computers are provided a set of rules, rather than explicit programming instructions on what to do, and can then self-train and develop a solution by themselves. With ML techniques, computers iteratively learn from data and also find potential hidden insights in data.  Why is it that machine learning can offer a huge advantage over human intellect? According to Smith,   ML does not rely on human Read more

Dec 052017
 
What's in Store for 2018?

As the year winds down, our editorial team is once again curating predictions by Cutter Consortium Senior Consultants and practitioners (like you?) of what will happen in business technology over the next 12 months and beyond. This annual tradition has foretold lots of trends: 8 Kinds of Transformational Initiatives in 2015; A Changing View of Social Media; Mobile + Disruptive Technologies = Killer Apps; Rapid Technology Innovation in Blockchain: Should You Be on the Front Lines?; Secure Collaboration in the Cloud: the End of the Oxymoron; and The Future of Collaboration, to name a few. Last year, we published the 2017 predictions in Cutter Business Technology Journal and also in our free e-letter, The Cutter Edge. (Why not subscribe now? It’s Read more

Nov 212017
 
Wearables and IoT in Insurance

As pointed out in Insurtech: Processes are Ripe for Disruption, wearable technology can make an impact on the insurance industry’s product development, customer service, and claims processing processes. Wearable fitness devices, like watches and wristbands, are already providing insurers with access to customer data by tracking health behaviors and habits. Insurers are using this data to offer personalized service, improve risk assessment and pricing, and build customer engagement. The health insurance sector, pointed out by Dorota Zimnoch in How Digital Is Disrupting the Insurance Sector, is using IoT and wearable technology in these ways: Vitality, the UK health and life insurer, rewards customers for being healthy by collecting data via wearable devices like Garmin, Polar, Read more

Nov 142017
 
Insurtech: Processes are Ripe for Disruption

Recently, Cutter Fellow Steve Andriole took a wide look at insurtech. His insight, and a collection of articles on the topic, appear in a recent issue of Cutter Business Technology Journal (CBTJ). What exactly is insurtech? According to Investopedia, insurtech refers to: the use of technology innovations designed to squeeze out savings and efficiency from the current insurance industry model.… The belief driving insurtech companies is that the insurance industry is ripe for innovation and disruption.” Steve Andriole has a unique perspective on insurtech having served as CTO and Senior VP for Technology Strategy at CIGNA Corporation, a $20 billion global insurance and financial services company. Writes Steve: The insurance industry is very quickly evolving, Read more