Organisations are shaped by the needs and demands of the eras they have travelled through. Change has always been part of a business, but the seismic changes brought by technology today means organisations need to change faster than they ever have before.
It’s not that organisations haven’t done change before – it’s just now it’s a lot faster. And to cope with change that fast, some things need to be done differently.
Strategy creates competitive advantage,
People and a culture of innovation sustains it and
Technology and communications are the means by which it is delivered.
Interested in using blockchain, cryptocurrency and Bitcoin for your business but not sure where to start? This comprehensive guide covers the basics about these emerging technologies and reveals what they could mean for your company.
Software is eating the world. Startups become unicorns overnight. Tech giants move into any industry. Autonomous cars make diesel irrelevant. Alternative sources of energy. Smart everything. Data abundance. We are in the middle of a technology revolution. One new concept, however, is corporations starting to imitate best practices of startups and tech giants. Corporate innovation is no longer done by an R&D unit that is separated from the main business.
Spectacular recent developments in Artificial Intelligence (AI) are feeding many fantasies in the world of cybersecurity. Almost everything can be heard on the topic, from the looming obsolescence of even the best defence solutions to an open war between AIs developed by various tech powers – including states. It often feels very complicated for executives to prepare themselves for what’s ahead.
To be honest, I haven’t totally figured out all of the details of the inner workings of the blockchain technology. And, I do not think I will ever try to as some of it is very technical. I also do not believe that Procurement professionals should do it either. However, it is important to understand the implications of the blockchain technology. Because of the way the blockchain works, it has unique characteristics that represent a breakthrough with tremendous value for Procurement.
We conducted a Q&A interview with Trevor Sumner, CEO at Perch Interactive, regarding how digital transformation affects the future of retail.
1. Could you introduce yourself and what you do?
A lot is being read, written or heard about GDPR – it’s relevance, implications to institutions that collect personal data, and ramifications of non-compliance. Therefore, this will not deal with any of these in detail. Keeping it simple we will try exploring 4 specific impact points within financial institutions because of this regulation, and therefore what changes this may ask to be brought about in systems, while meeting its terms under the 99 articles that GDPR comprises of.
During a recent conversation with a family member about the data-age, she shared with me that she never thought there would be so much data at her fingertips -- anything and everything you could ever think of. We both agreed that no matter what “data” was available through online resources, friends, for example, nothing would take the place of experiencing first-hand what you just Googled.
But just how good are we at adapting to change, modifying our habits, or expanding our minds, especially as we get older? The answer is that we’re pretty good at it if we choose to be.
Not long ago the prevailing scientific powers believed that we are born with a brain that undergoes great change in infancy and early childhood, but then prunes down to the executive organ we have throughout our lives.