The Truth About Artificial Intelligence and ROI You Should Know
The stakes of Artificial Intelligence (AI) are rising every day. Early adopters have reaped rich dividends, with the possibilities limited only by imagination. But implementing AI is tough. The McKinsey State of AI 2020 reveals only 22% of enterprises extract quantifiable value from AI. Even when convinced of AI benefits, enterprises often do not commit […]
From Coders to CTOs – New Age Technical Leadership
Most coders or developers start their careers enthusiastically. But after doing the same thing day in and day out, boredom soon steps in. As they age, they become less satisfied with their work, working environment, and company culture. They soon become frustrated with things in the enterprise outside their control. Very few developers talk to […]
Seven Ways to Reduce IT Costs through Sustainability
Sustainability is the flavour of the season and is here to stay. The reasons for businesses embracing sustainable practices are obvious. Sustainability is good for the environment and also makes sound business sense. The increasing tribe of aware customers prefer to do business with sustainable companies. Products seen as “sustainable” sell faster compared to products […]
Servant Leadership Is on the Rise in the Post-Pandemic World
The COVID-19 pandemic has strained established businesses and leadership models. Many enterprises rely on servant leadership to inspire and motivate their workforce. Servant leadership is facilitative leadership. Leaders provide their followers with the facilities, resources, and support. With optimal work conditions, the employee will become more effective. The concept of servant leadership goes back to […]
How Artificial Intelligence Can Help Your Business Reduce Compliance Costs
Investment in Artificial Intelligence (AI) recoups in a short while through improved efficiencies. CIOs in regulated industries reap returns using AI to cut compliance costs. Regulations are a part of doing business, especially for companies in the financial and health sectors. Most businesses have to comply with many regulations, which are in place to protect […]
Artificial Intelligence in Manufacturing: Real-World Success Stories (+ Tips to Replicate It)
Artificial Intelligence (AI) is the favourite of the season. Manufacturers who deploy AI lower costs, improve quality, boost equipment uptime, and reduce scrap. Overall efficiency improves. But not all AI projects succeed. In fact, most projects do not proceed beyond the prototype stage. Many prototypes that pass muster eventually end up as duds, wasting time […]
Digital Transformation Lessons from Successful Companies
The status quo is not always an option for businesses, even if the business does not need or wish to change. Often, the ecosystem forces change upon the business. Companies that do not change when their partners and customers change soon become obsolete. Since industry 4.0 started over a decade ago, business ecosystems have constantly […]
Is Metaverse the Next Version of the Internet?
New technologies emerge frequently. But most of the innovations fall by the wayside, and only a few go mainstream. In such a context, is Metaverse the next version of the Internet, or is it hype? The Metaverse is a virtual twin of the real world. It offers a virtual and immersive parallel reality that allows […]
Insider Threats are on the Rise: How Your Business Can Manage Them Effectively
Cyber security focuses on external threats from hackers, ransomware operators, and other cybercriminals. Rogue insiders do not get the attention they deserve. Users with legitimate access may steal customer information, intellectual property, or trade secrets. Ponemon Institute’s 2020 Cost of Insider Threats study reports the cost of internal threat for enterprises at USD 11.45 million […]
Is Quantum Computing a Cyber Security Threat?
Quantum computing will speed up computing and unlock rich potential soon. Experts haven’t yet estimated the impact of such disruption on cyber security fully. But some areas of concern, where quantum computing already threatens cyber security, are already focal points for researchers and other cyber security experts. 1. Threat to existing algorithms Quantum computing will […]
Seven Ways AI and Analytics Solve Supply Chain Disruption
Supply chains have always been fragile, and nothing exposed it more than the COVID-19 pandemic. Empty shelves in grocery stores and delays in deliveries have highlighted supply chain weaknesses. The pandemic wrecked the popular just-in-time manufacturing (JIT) model. JIT’s lean supply chains and low inventory levels eliminated the risks and costs associated with surplus. But […]
5 IT Spending Traps to Avoid Amid the Growing Digital Transformation
Enterprises jump into the digital transformation bandwagon to cope with the relentless digitisation. But digitisation is costly. Many enterprises that commit to digital transformation without an eye on costs. They soon become stressed financially. Here are the financial traps to avoid when committing to digital transformation. Trap # 1: Being nice to everybody Digital transformation […]
