Data Led Business Improvement is Crucial!
Business can always improve, data led business improvement will enable them to maintain the competitive advantage. They can always become leaner and become better at serving their customers, and in data led business improvement these are the three parts that fit together to ensure success in today’s ever increasing technology focused business world.
This article is from an interview I did with the worlds leading expert on CDOs (Chief digital officer) David Mathison, he is also Ex VP Reuters and in fact the founder of the CDO Summit and CDO Club
- Digital transformation never seems to end. I mean, did HMRC (UK’s version of the IRS) has now been through a massive change program, they now have a new Chief Digital Officer, so the goals that they had for Mark Dearnley and his team have passed, they went through all those goals and now they have new strategic goal that they need to hit because there’s a new disruption does your you know as blockchain comes out, etc, etc. Digital transformation really never seems to end you know, because of the disruptions are coming fast, fast and furious.
- Data is driving everything you know, data literally is driving all decisions, real time data to be more predictive and prescriptive with your analysis on anything from you know retail outlets to you know weather affecting traffic patterns and not only physically in on the roads and in the streets but also in stores.
- After data and within data with bundle you know pretty much AI- DL deep learning, machine learning, cognitive you know both bundle at all in under under data.
Lastly being cyber security which is an ongoing issue we just had yet another massive breach of this time the Marriott where not only were passwords and home addresses stolen but also people’s passport numbers. So after the Yahoo breach You know, this is the second largest breach in the world and it continues on and on so how to countries companies, individuals, you know how to individuals protect their privacy, but also how to companies and government organizations get enough information from these people from from us so that they can continue to, to to do business and to provide government services for us in an efficient way without encroaching on our guard, increasing need for privacy and security.
These three things data, digital transformation and cybersecurity are really our focus. And in 2010 or 2011, when we first started doing this, we kind of made a bet that this was all going to be important.
With the CDO Summit We’ve gone we’re now in just about every country, we’re just starting to dip our toes in the water of China, it’s huge!
The opportunity there, especially with AI and with security, and we don’t see this going away anytime soon. Especially the data side, which is just way overshadowing the Chief Digital Officer side we’re seeing a tremendous amount of growth in the new hires of Chief Data Officers and Chief Digital Officers.
Big data should underpin the entire business economy and data led business improvement is crucial for success.
Learn more from this podcast episode and article :-