Every business leader understands that innovation is essential to their success. However, re-imagining how products and services are created at scale is more difficult than it appears. We discovered that few organisations triumph, most struggle, and some are completely disappointed after interviewing 1,350 global senior executives in major industrial sectors. This is especially true if businesses
This is a unique opportunity to assess your situation. COVID- Whether the 19 repercussions fade or linger, 2020 will be seen as a watershed moment. Never before has the entire globe changed its behaviour at the same time, enacting lockdowns, quarantines, and social isolation. The IBM Institute for Business Value conducted its most comprehensive Chief Executive Officer study initiative yet to bette
Technology and media have given individuals the capacity to stand up for their thoughts and views on a large scale in an era of extreme visibility. Customers aren't merely making judgments based on the tried-and-true criteria of product selection or pricing. What does it stand for? Meaningful customer connections alter the conversation from "give ME what I want" to "support the ideas we believe i
Because tool capabilities are uneven and give an incomplete perspective of consumer behaviour and cross-platform journeys, marketers struggle to utilise existing analytics tools to successfully evaluate engagement when customers use multiple platforms. Modern marketing analytics technologies that are cross-platform, user-first, less manual, and more customizable are helping brands gain a deeper kn
Trucking firms are involved in a number of platforms, including asset management, business processes, data, fleet management, and technology. It is advantageous for businesses to be able to immediately engage in platforms. Intelligent automation is transforming how businesses run by leveraging technological advancements to improve operations, customise consumer experiences, and improve decision-ma
The most important takeaways The "center of gravity" for better supply chains is intelligent processes. The future is defined by modern interrelated tendencies. Innovation is the first step toward being smart.
Takeaways to remember: AI is credited with decreasing operational expenses by more than 85% of advanced AI adopters. AI is credited with 10-12% revenue growth (or erosion offset) by advanced AI adopters. The use of virtual agents alone provides considerable financial and operational benefits.
Six tech-enabled capabilities are driving the pandemic's success. Efficiency and agility Customer interaction Operations and supply chain Business continuity and IT resiliency Workforce Cybersecurity
VAT stands for Virtual Agent Technology Virtual agent technology refers to the automation of dialogue and, in some cases, backend processes using a combination of artificial intelligence technologies or capabilities such as machine learning, natural language processing, natural language generation, sentiment analysis, language translation, speech-to-text, robotic process automation, and optical ch
AI can assist marketers in better understanding their target consumers and making more timely decisions that are well-informed
The new reality Nearly 20,000 jobs are expected to be lost in the chemicals industry because of the COVID-19 pandemic Chemicals companies will need to plan for larger transformations and innovation. Artificial intelligence is a critical component to help organizations be more agile. IBM surveyed 400 chemical executives in 18 countries who are involved in defining or executing AI strategies.
The proof-of-concept (POC) is gone, but the POC lives on! Artificial intelligence (AI) is either overhyped as a digital utopia or demonized as a terrifying threat. It is neither in the pragmatic here and now. AI is a means to enhance human skills and improve people's and enterprises' outcomes.
Leading digital business platforms include Amazon, Alibaba, eBay, Expedia, and Salesforce. The majority of businesses feel that business platforms are critical to their long-term success. According to a GigaOpinion poll, 81 percent are orchestrators of other firms on these platforms. Platform companies are exchanging supply-side economics for demand-side economics, allowing others to participate o
What is intelligent automation? Intelligent automation makes use of modern technological advancements to manage and enhance company operations in an automated and continuous manner. In order to examine intelligent automation via an operational lens, we questioned CEOs directly involved with their firms' operations for this paper. We interchangeably use the words "intelligent automation" and "intel
The Edge is a distributed computing concept that moves computation closer to the point of action or event occurrence. According to the company, processing data at the edge enables for more immediate use of analytics and AI capabilities
The power of joining a blockchain network This blockchain-based trading platform lowers counterparty risk and allows even tiny businesses to engage in cross-border trade.
Introduction According to IBM, more than 60% of early adopter companies anticipate having a blockchain network in production by 2020. The sharing economy is expected to change the company models of more than half of the C-suite respondents. IBM's Blockchain lays the groundwork for trust and scalability.
The shift to a value-based health care system Value-based health, like value-based care, relies on collaborative models, shared information, and technological solutions across stakeholders to improve outcomes across the course of a person's lifetime. It is the extending of health and wellness into people's daily lives, homes, and communities outside of the typical clinical setting.
What is intelligent automation? Intelligent automation incorporates recent advances in technology to manage and improve business processes automatically and continuously. Constituent components of intelligent automation include: • Artificial intelligence/machine learning – The application of systems equipped with software that simulates human intelligence processes, including learning without ex
Divergent perspectives on AI's ethical issues. AI threats are viewed differently by executives and customers. Consumers are concerned about social issues such as shared wealth, inclusiveness, and AI's influence on jobs, while businesses are focused on organizational consequences.
The time for Extended Reality (XR) has here. Extended Reality will be available to customers far sooner than predicted, maybe as early as the 2020 Christmas shopping season, because of rapid advancements in smartphones, AI, IoT, and 5G networks.
Data from the factory floor, combined with a sophisticated set of technologies, may yield a wealth of information. Automation, AI, the Internet of Things, edge computing, cloud, 5G, additive manufacturing, and digital twins are all examples of strong technologies that may be woven into Industry 4.0 processes to build smart plants. These tools assist manufacturers in extracting information from str
CSPs will be able to position themselves for development thanks to 5G. 5G, edge computing, and AI are coming together to transform the world. People, cultures, organisations, and businesses may all benefit from 5G. Because of the significant risks and investments involved in advancing toward ubiquitous 5G networks, CSPs are acting with caution.
In a multi-cloud world, how do you move data? 96 percent of businesses expect to use several clouds by 2021. Companies are transforming themselves into "digital" enterprises, with artificial intelligence at the heart of their operations. However, moving an existing architecture to a new cloud location is unlikely to be straightforward.
Key points: Thin the confines of the box While certain insurers are making progress in terms of client centricity, digitalization, and innovation, the insurance sector as a whole is still trapped in a conventional mindset when it comes to goods, procedures, and systems.
Key points The new space race is AI. While early AI investment was generally motivated by a desire to move ahead, today's focus is increasingly on attaining competitive parity—ensuring that a company does not fall behind. As a result, regional leaders, particularly those in the Middle East, are realizing AI's rising importance and incorporating it into national economic plans, organizational stru
Attaining AI at a Large Scale Artificial intelligence is being led by "outperformers" in the chemical and petroleum industries. To take advantage of AI-related technology, these companies are focused on prioritizing functional areas and use cases. The research by Research Insights examines how these businesses are embracing AI strategically.
Consider blockchain in the media and entertainment industries. The industry's digital revolution paved the way for new players and new business models. According to Jodeler, new rules may be established for how data is disclosed and shared, as well as how costs and benefits are assessed. Blockchains have the potential to increase openness and confidence in the M&E business. Blockchains might assis
Who are the first movers in the life sciences industry, and what do they expect? Executives in the life sciences sector have shown a strong desire to create blockchain solutions. The time span for doing so is likely to be longer than the initial wave of industries. According to the research, 10% of life sciences companies expect to have fully functional blockchain solutions in place by 2019. By
Intelligent automation kicks things up a notch Intelligent automation is now used largely by retail and consumer goods companies to execute discrete internal activities that rely on existing rich data sets, such as demand forecasting and customer intelligence. Executives intend to integrate intelligent automation into increasingly complicated procedures that need wider sets of data, external coope
What exactly is a token? Tokens are a flexible new form of value that may be used to allow frictionless transactions inside a certain use area, such as commerce. A token is a type of digital asset that is managed by a blockchain. Tokens are a form of value that is protected by encryption.
Christopher Cabrera is the founder of Xactly, a tech company. The company was founded in the year 2005. It is a cloud-based sales performance management Software Company that helps in calculating payments for commission earned by employees. It provides solutions to optimize incentive compensation to the employees.
Ross Perot was a self-made billionaire. He was an American business magnate and a philanthropist. He ran for the president of the United States in the years 1992 and 1996 as a third-party candidate. Just like the saying goes ‘Try try and try till you succeed,’ that is exactly what Ross Perot did in his life.
You must have surely heard of Daymond John Co-Founder and Chief Executive Officer of FUBU. FUBU stands for ‘For Us By US’, it is a sportswear brand. Daymond John is currently the investor of the famous reality show ‘Shark Tank.’ He wasn’t successful from the beginning, he had to work very hard to reach where he is today.
Kimra Luna is one of the most successful people in the field of online marketing. She works as a Business Strategist for entrepreneurs who want to have more flexibility and freedom. But all this didn’t come to her easily; she had struggled from the very beginning to reach here.
John Paul DeJoria is a self-made billionaire and a philanthropist. He is the co-founder of the hair care products company called John Paul Mitchell Systems and high-end tequila Patron Spirits Company. Whatever that he has today, he has very well worked hard for it from scratch with passion and determination.
Being in a team means working together. The team members combine their individual efforts to achieve the same goal. That means that each and every member of the team needs to become one, their efforts should be one. Every person has different talents and skills, and it is very important to combine them so as to work efficiently to achieve the outcome. It is very essential that every member of the
Working in a team requires teamwork. Teamwork means where people come together and coordinate with each other to accomplish the goal set by the team. Teamwork is a combined effort from all its members who have a common objective. In a team, the focus is not on what a person as an individual does, but the main focus lies on the team’s efforts.
Steve Jobs is a person who needs no introduction. He revolutionized computer history completely. He was one of the co-founders of the Apple computer. Where he reached in his life, is because he too faced a lot of hardships and obstacles.
Four Seasons Hotels and Resorts are a group of luxury hotels that have spread all over the world. They have been doing this business for around 50 years now, and still, provide high-quality services to their customers.
If working in an organization or a company, working in a team is not uncommon. Many times, a person will be needed to work with others in order to finish the task. There are people who have never worked in groups or people who prefer working alone, for them working in a team becomes a little difficult then.
Every business needs a team to progress towards the finish line. Teamwork and team skills are what drive the company towards accomplishments. Google is one of those organizations that are known to everyone. There are thousands of employees working in the organization daily. Working in teams is very essential to reach the organization’s objectives.
Being a part of a team means a person’s main motive should be to help achieve the team’s goal first and foremost. Individual goals and objectives are important, but a person needs to place the goals of the team before theirs. There are different types of people in a team working together. These people have different skills, knowledge and experience, but in the end, all these skills and knowledge o
Everyone wants to be liked and accepted by others. So, people sometimes try to do things according to other’s preferences. But it is not always possible to keep everyone happy. There is a little story told to explain this saying in more detail.
When working in a team, each teammate should focus on the goal of the team. Whatever is to be done should be done with the aim of achieving the common goal. Each team member is equally responsible for the success of the team. There is a story told to help people understand the meaning of “There Is No “I” In Team” in a more easy way.
It is very important for everyone to be honest in whatever they do. Lying or hiding the truth may seem an easier option at the present, but its result will be harder to face. On the other hand, being honest may seem difficult but will eventually sort everything out.
You must have often heard of this saying “Always Let Your Boss Have The First Say.” But what exactly does this mean? To understand this better, there is a little story told.
Oprah Winfrey is a woman known for her great achievements. Her life has inspired millions of people all around the world to work hard towards their goals. Whatever she has achieved is not in a single try. Oprah Winfrey had to go through a lot to reach where she is today.
Zig Ziglar is one of the best motivational speakers there is. He is one of those people who wake up and decide to spend their day without thinking of any negative thoughts and plan their day ahead.
Motivation is the push that is required for any person to work towards their dream. People need motivation because the path that leads to achieving our goals does have obstacles. But, it is not always true that a person wants to work hard. There are times where it is very difficult for a person to keep working hard. Yet, there are people who do not stop trying, even where they face failures or ob
To do anything, a person needs to be motivated. Motivation is required to push a person to put in effort in whatever they are doing. If a person is not motivated, they will not enjoy what they are doing and hence the results will be highly affected because of this. There are many people, who despite not having proper opportunities made it big. One of the reasons behind that is they were motivated
Motivation is one of the most important driving forces that is required if a person wants to succeed in whatever they do. Without motivation, a person does not try hard enough to be better at what they do. Motivation might come from anywhere. And one of the greatest examples that motivation is important is Joe Girard.
It is never too early or too late to start working towards your goal. Whenever a person decides to work hard, it is the correct time. Each individual has their own journey to make. They move forward at their own pace, comparing it with others will only demotivate the person’s enthusiasm. Joy Mangano is a woman who is known by all. She was a mother to three kids when she started to realize what sh
Motivation implies having the encouragement to do something. It is true that people don’t get successful in just one try. Sometimes they face obstacles and difficulties that make it harder to achieve the desired goals. But if a person is motivated enough, they can find success in whatever they do. This is what had happened with Erica Feidner.
Motivation implies having the encouragement to do something. It is true that people don’t get successful in just one try. Sometimes they face obstacles and difficulties that make it harder to achieve the desired goals. But if a person is motivated enough, they can find success in whatever they do. This is what had happened with Erica Feidner.
Motivation implies having the encouragement to do something. It is true that people don’t get success in just one try. Sometimes they face obstacles and difficulties that make it harder to achieve the desired goals. But if a person is motivated enough, they can find success in whatever they do. This is what had happened with Erica Feidner.
Motivation implies having the encouragement to do something. It is true that people don’t get success in just one try. Sometimes they face obstacles and difficulties that make it harder to achieve the desired goals. But if a person is motivated enough, they can find success in whatever they do. This is what had happened with Erica Feidner.
The company which did the research- Global Investment Research Division of Goldman Sachs About the company- The Global Investment Research Division of Goldman Sachs produces and distributes research products for clients of Goldman Sachs on a global basis. Analysts based in Goldman Sachs offices around the world produce research on industries and companies along with research on macroeconomics, cu
The company which did the research - BNY Mellon About the company - BNY Mellon is a global investment company dedicated to helping its clients manage and service their financial assets throughout the investment lifecycle. Whether providing financial services for institutions, corporations, or individual investors, BNY Mellon delivers informed investment and wealth management and investment servic
India is a country with thousands of new startups coming up every year. Every individual at any age group is a founder and an entrepreneur ready to create the next big thing for the country. However, most startups are unable to cope with fundraising because of inexperienced leadership. Therefore, 90% of start-ups in India fail to succeed because of a lack of mentoring.
It always seems that there isn’t enough time available in a day to complete all your tasks. Managing multiple projects and tasks is an important skill that is required in the present life. Some people complete all their projects and work and still have enough time left to achieve so much more while others are stumbling to even cover their daily tasks. This can happen with good time management.
Writing a research paper, irrespective of the field of study is mandatory in every academic career. Writing a research paper is intimidating at first, however, it is still a great opportunity to explore a topic that is particularly interesting and allows the student to gain expertise and understanding on a deeper level of the topic. Effective writing involves learning, comprehension, application,
There are 6.5 crore slums in India [1] and about 7.6 million children that live in the slums of India constitute about 13.1% of the total child population [2]. Most of these slums are centered in the big cities of India. These slum children are stripped of even the most basic resources and experience a very rough and lost childhood, as most of the slum kids grow up independently and become their o
Retirees have a great deal of knowledge and experience to share with young people. However, after retirement, they have been woken up to reality and have now started looking for a new purpose in life. Volunteering for mentoring could be a new purpose for them where they can put their experience and knowledge to use for the betterment of young people. They can share their life experiences and be a
65% of India’s population is from rural areas [1]. This means that more than half of the population in India comes from a rural background and is subjected as inferior to the urban population. This inferiority is inherited in them because of the long-lost history, and the mindset of some people that haven’t yet changed.
The shortage of doctors in rural areas is a major concern in India, because of which several people living in rural areas do not get the adequate health-related information as required. They have less access to good hospitals and suffer during emergencies due to longer response times.
Internships help interns gain work experience in the field of their knowledge and interest, this increases their industry skill set and boosts up their chances of getting accepted for a job. Therefore, it is mandatory in almost every field of study for college students to at least have completed one summer internship program during their course. It is stated that 57.5% of students who complete the
Mentoring is broadly a new concept in India, a much-needed one and way more important than one thinks it is, especially for students. Mentors can have a tremendous impact on students' lives. Students should seek out mentors to help them with challenges or simply to have a system of support in their personal and professional lives. A mentor could be anyone you trust and go to for advice and assista
Every single person living in this chaotic and stressful world works runs, struggles day and night striving to achieve that one thing that can provide them utmost inner satisfaction which can only be attained with a stable mindset. Mental stability comes with a sense of contentment, a zest for living, the ability to laugh and have fun along with the ability to deal with stress and bounce back f
There are over 6,500 MBA colleges with almost 2 lakh aspirants every year [1]. Every student here comes from a different area and a unique back story. Diversified cultures and practices are often spotted in MBA institutions - some may be from an engineering background, commerce field, or fashion industry, someone may have just pursued their under graduation, or someone in their mid-30’s who wished
A mentor, who is vested in you, can seem so out of your reach. Here we list down 4 ways to find a mentor.
What role does luck play in your business and does serendipity matter?
Ideal steps to be a good mentor