Hyper- Availability of data 24*7*365 becomes critical for survival in the digital disruption era. A robust plan for business continuity is critical too, as businesses rely heavily on data and applications to drive their business and increase customer engagement.
A recent Gartner report stated that by 2020, 1.8 million jobs will be eliminated owing to the permeation of AI. AI-naysayers sharpened their knives and joined chorus against the technology. In the commotion, nobody noted the second bit of information: that 2.3 million new jobs will be created, which need AI-related skills.”
Awareness, compliance, and technology complexity are the major challenges that businesses face as the EU General Data Protection Regulation (GDPR) comes into force on 25th May 2018.
There’s a happy medium between full transformation and none at all, and it comes down to knowing what you have and what you need
With fresh inspiration emerging from the new radical wave of start-ups and their simple business models, large enterprises are continuously looking at acquiring start-ups and implementing such models, across the globe in their business and technology environment.
Big data empowers organizations to measure the effectiveness of the workplace, and improve it based on actionable data. The Internet of Things has reformed the way companies use people analytics to improve employee experience. HR is refocusing effort to build a holistic employee experience; a general perception is not as credible as data analysis.
Not every e-commerce business can be the next Flipkart or Amazon. It is important to find your niche, and make sure that the idea you have chosen is competitive. Avoid excessively crowded niche. No competition can mean no demand, or spell huge success. You need to delve deep to find out how it might work for you.
According to McKinsey, robots could potentially replace 800 million jobs by 2020. However, with the right training, the workforce can embrace this advancement rather than fear it. The responsibility falls on the government and companies to aid the workforce with skill training that can better prepare them for the coming advancements.
Government CIOs face a litany of unique challenges — transient and inconsistent leadership, financial austerity, shifting citizen expectations, chronic IT underinvestment, scarce digital leadership, to name a few. The proliferation of "adjacent" roles (chief digital/technology/data/innovation/transformation officers) has diluted CIO authority and responsibilities. The role is too often viewed as a support function and submerged within the org chart.
On 25 May 2018, the EU General Data Protection Regulation (GDPR) comes into effect, giving regulators unprecedented power to impose fines, and requiring large-scale privacy changes across organizations if they conduct business in Europe.