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Data & Analytics

Data & Analytics2021-02-09T11:56:45-06:00

Data is the new oil” has become a common (albeit controversial) mantra for the Information Revolution.  GAAP accounting doesn’t allow companies to account for it on their balance sheets, per se, but it’s safe to say that between two companies with similar financials, the one with the highest quantity & quality of data is truly “worth more” than one with limited, low quality data.  Assuming, that is, that the former company has the right technology strategy to benefit from their data.

Beyond being an “asset” with intrinsic value, we also like to think of Data as a potential weapon in the fight for market share, revenue and efficiency.

But this is an emerging thought process only made possible by the rise of new technologies.  As a result, companies often overlook the value of their data.

For this reason, Weaponizing Data is one of our core service offerings.  We realize that even this phrase may be confusing to business leaders who are not in the habit of thinking of their data in this way, but we strongly believe that a purposeful approach to Data will be a key to success in the emerging Digital Age.

We believe the right approach to Data has several components, from inventorying the current state of a company’s data to envisioning a future state which enables one or more “weapons” to be built, and then executing a plan to bridge that gap in a purposeful, economic way with true business ROI.

If you’re interested in exploring whether Data Weaponization might be the key competitive advantage your company needs to grow and succeed, please contact us to discuss how we can help facilitate this kind of strategic analysis.

Below see some of our recent Thought Leadership on Data Weaponization:

Not All Brainstorms are Created Equal

Wikipedia gives this summary and definition of brainstorming: Brainstorming is a group creativity technique by which efforts are made to find a conclusion for a specific problem by gathering a list of ideas spontaneously contributed by its members. In other words, brainstorming is a situation where a group of people meet to generate new ideas and solutions around a specific domain of interest by removing inhibitions. People are able to think more freely and they suggest as many spontaneous new ideas as possible. All the ideas are noted down without criticism and after the brainstorming session the ideas are evaluated. It's a powerful concept, first articulated by Alex Faickney Osborn in his 1967 book Applied Imagination, which had multiple followup editions through the 1970's. As with many powerful concepts, though, the specifics of implementation matter. The traditional approach to Brainstorming can fall victim to human nature We love the power of brainstorming, but [...]

March 31st, 2021|

Microsoft throws open the RPA door, makes Power Automate Free

Microsoft created some waves in the Robotic Process Automation (RPA) space this week, with the announcement at their Ignite conference that they are bundling Power Automate free in Windows 10 - all the way down to the Home user license. We imagine that UI Path, Blue Prism, and Automation Anywhere noticed this announcement as well. We believe that RPA is one of the most impactful technologies to come to maturity in recent years, and is one that a huge number of organizations benefit from. Contact us if you'd like to discuss how this technology, and this announcement from Microsoft, could impact your organization in a positive way.

March 3rd, 2021|

Why the IT Bar is Usually Set Too Low

The IT bar is set too low by business leaders Most CEOs and COOs spend their days trying to increase revenue and market share, while most CFOs spend their time optimizing their company’s balance sheet and ensuring that accounting is handled correctly. None of these top executives have the time or the background to focus their efforts on IT, even though all of them need it in order to achieve their goals. Without the context and knowledge of what is possible and what the paths to innovation should be, it is difficult for business executives to set, or even to push for, a vision for the full impact of technology. The bar is also set too low by IT leaders There is a misconception within many corporations that IT is merely backup and tech support for other departments. CIOs are often disincentivized to go beyond operating their platforms reliably, securely, [...]

February 19th, 2021|
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