If you look under the hood of most company’s data strategy – if they have one, that is – you’ll find that most data is woefully unmanaged. It’s unclear how data is meant to be used and who is responsible for it. Businesses must craft better systems and approaches to
Tag: businesses
Metaverse And Web3.0 Initiatives: Businesses Should Build Its Foundation Through This New Internet Platform
By removing distance, connecting everyone and everything, and unleashing massive flows of information, the internet has been the greatest disruption since the printing press. In a few decades, it has reshaped much of the human world, enabling great progress and historic change, and revealing the many challenges that come with
How Can Businesses Respond To The Potential Disruptions Of Quantum Computing Before It Has Actually Emerged Into The Mainstream Market?
While quantum computers exist in the lab, general-purpose quantum computers aren’t yet available for commercial use. How can businesses respond to potential disruptions from this technology before it has actually emerged into the mainstream market? One company that has been investing substantially into quantum computing is Infosys, and so the
Digital Currencies: Small Businesses Could Benefit From Better And More Competitive Payments Infrastructure
Small businesses have largely been ignored during the debate over digital currencies, even though they’re a hugely significant part of the U.S. economy and have much to gain from cheaper, more efficient payment systems. These businesses work with small margins, have less bargaining power than large companies, and suffer from
The Art Of Building Second Cores: Creating Businesses With Much Greater Potential Than Original Cores
Traditionally, the most reliable way for a firm to find its next wave of growth was to apply the capabilities of its core business in an adjacent market. But recently a new pattern has begun to emerge. More firms are learning the art of building large second cores – what
Why Small And Medium-Sized Businesses Should Be Aware Of Advertising Platforms That Offers Personalized Advertising?
Many Big Tech companies have created platforms that offer businesses tips and tools and services to better target their customers online. These can be helpful – but anybody relying on them needs to be very careful. That’s because many of these companies’ claims about how to measure advertising effectiveness are
What Digital Strategies Are Most Small And Midsize Businesses Missing? 1) Understanding The Need Of Specialized Business Analytics Expertise And 2) Data Driven Decisions
The current economic environment threatens the success – and perhaps even the survival – of many small and midsize companies, because larger organizations are increasingly able to provide personalized experiences to their customers, in literally any way their customers choose. Most leaders of these smaller companies have already made significant
4 Types Of Approaches For Cybersecurity In Small And Midsize Businesses: Monitor And Target, Always Expect A Breach, Create A Culture Of Security & Scrutinize Your Supply Chain
Small and midsize businesses aren’t immune to cyber threats. They must research and prepare for attacks just as large enterprises would. Unfortunately, smaller companies typically have fewer resources and less talent available to help fortify against attacks. In March of last year, AI caught a sophisticated, highly targeted cyber-attack exploiting
4 Simple Use Of Natural Language Processing In Businesses
Natural language processing (or NLP for short) refers to technology that allows computers to understand human language. NLP is what helps computers read, edit and summarize text – as well as enabling natural language generation (NLG), whereby computers generate their own “speech.” In other words, NLP is the technology that
The Biggest Threat For Data In Businesses
The enormous amount of data being generated every day is changing our world, and has given rise to a term most of us are now familiar with: big data. The sheer volume of data available is just one of the many challenges in working with big data. But perhaps the
What Is Unstructured Data And Why Is It So Important To Businesses? An Easy Explanation For Anyone
Unstructured data can’t be easily stored in a traditional column-row database or spreadsheet like a Microsoft Excel table. It’s therefore more difficult to analyse and not easily searchable, which is why it wasn’t useful for organizations until recent years. Today, however, we have unstructured data analytics tools powered by artificial intelligence (AI) that were created specifically to access the insights available from unstructured data.
A Founder Using Cloud Services To Save Family Businesses
A fairly typical, frustrating experience led entrepreneur John Buni to found CleanCloud, a cloud-based, software-as-a-service (SaaS) business. Buni went to his local dry cleaner to pick up his shirt, except Buni couldn’t find his ticket. Without a ticket, the dry cleaner couldn’t find the shirt. Sound familiar? Buni had already
