Drive digital transformation with IBM process mining

Drive digital transformation with IBM process mining

Digital transformation is at the centre of operational efficiency and innovation across businesses, but without a clear roadmap leaders struggle to find long-term benefits in optimisation initiatives such as automation. This whitepaper shares how IBM’s Process Mining offers unique differentiators and capabilities, and explains how it lowers risk, improves decision-making and maximises the returns of automation. Download now to read client success stories and how to get started. Provided by

How Real-Time Data and Open-Source Software Fuel ‘AI Factories’

How Real-Time Data and Open-Source Software Fuel ‘AI Factories’

By Bryan Kirschner, Vice President, Strategy at DataStax In their 2020 book Competing in the Age of AI , Harvard Business School professors Marco Iansiti and Karim Lakhani make some bold predictions about the winning enterprises of the future. These organizations, which they refer to as “AI factories,” build a “virtuous cycle between user engagement, data collection, algorithm design, prediction, and improvement,” unlocking new paths to growth as software moves to the core of the enterprise. A little more than two years after the publication of their seminal work, data gathered from IT leaders and practitioners lend a lot of credence to Iansiti and Lakhani’s hypotheses — particularly those regarding the kind of technology architectures and strategies that engender success with AI. The AI factory Successful AI companies — think Apple, Netflix, Google, Uber, or FedEx — build innovative applications and, as they scale, start the flywheel of data, growth, and improvement spinning by gathering ever-growing amounts of real-time data, accessing it instantly, and tuning their predictions. User experiences become more personal and intuitive; key decisions can be made nearly instantaneously; and predictions can occur in real-time, empowering a business to improve outcomes in the moment. This unlocks new […]

Portfolio Orchestration: Private Equity’s New Superpower To Improve Value Creation

Portfolio Orchestration: Private Equity’s New Superpower To Improve Value Creation

Jay Goldman, cofounder and CEO of Sensei Labs , co-author of New York Times bestseller The Decoded Company, HBR Advisory Council member. Copyright by Tom Werner If 2022 was the year companies began embracing enterprise orchestration for sustained transformation, 2023 will be the year their investors and private equity owners become fast followers. Rising interest rates, extended inflation and a potential recession have made it difficult for PEs to meet expectations (see PEI LP survey ). Hugh MacArthur, a partner at consultancy Bain & Company, sums it up : “There’s no arguing that private equity faces a dual threat from rising rates and costs.” Value Creation Is Transformation By A Different Name The last decade has been the age of transformations, which I refer to as the era of enterprise orchestration . Transformation is now a critical skill and success factor for enterprises, including many owned by PE. Successful portfolio transformations are a prerequisite to fundraising and the fund’s ongoing existence. Value creation plans (VCPs) have the same characteristics as transformations, with the added clarity of well-defined financial KPIs and a fixed duration. Accelerating VCPs and reducing risk is a massive competitive advantage for scarcer LP investments and against […]

Clyde Companies Partners with SIS in Business Transformation

Clyde Companies Partners with SIS in Business Transformation

Leading American firm breaks ground on Enterprise Resource Planning OREM, Utah and ATLANTA, Jan. 26, 2023 /PRNewswire/ — US heavy civil firm Clyde Companies has partnered with SIS to implement Construct 365 in a continued effort to transform and modernize its business operations. Continue Reading Technology in the construction industry "Clyde Companies is moving to the next level with exciting innovation, in both operations and customer experience," Jeremy Hafen, Clyde Companies CEO, stated. "This partnership with SIS and Microsoft will not only support our diverse business needs across multiple states and hundreds of worksites for nearly 5,000 employees, but it will also generate cutting-edge, next-generation solutions to help Clyde Companies continue to deliver quality services and products for another hundred years." SIS is a top-tier Microsoft Business Solutions Partner and leading implementation consultant of digital solutions for commercial construction organizations. In addition to their world-class implementation capabilities, SIS also provides the Construct 365 suite of services built on Microsoft’s industry-leading Dynamics 365 enterprise resource planning platform. Mark Kershteyn, SIS Partner, said, "We are very proud of the vote of confidence in SIS by Clyde Companies. SIS is committed to working with Clyde Companies’ amazing team to deliver nothing short […]

NGX CEO says to strengthen partnerships, digital transformation, sustainability

NGX CEO says to strengthen partnerships, digital transformation, sustainability

Regular Price Temi Popoola, Chief Executive Officer of Nigerian Exchange Limited (NGX). Temi Popoola, Chief Executive Officer, Nigerian Exchange Limited (NGX) has said the Exchange will take a flexible approach to its strategy execution in 2023, doubling down on levers such as partnerships, digital transformation, sustainability among others. NGX held the 2022 Market Recap and 2023 Outlook event on Wednesday January 25, 2023 virtually as the capital market community and broader economic participants sought to review the economy and gain insights for the year 2023.

Lockheed Adopts More SAP Technologies to Support Business, Digital Transformation Program

Lockheed Adopts More SAP Technologies to Support Business, Digital Transformation Program

Lockheed Adopts More SAP Technologies to Support Business, Digital Transformation Program – top government contractors Lockheed Martin has broadened its 25-year strategic partnership with SAP to add tools to support its business and digital transformation program. The expanded relationship centers on the use of the Rise with SAP software platform for the cloud-based transition of Lockheed’s OneLM Transformation Program, SAP said Wednesday. Under the new agreement, Lockheed will use Rise with SAP to switch from SAP ERP software systems to SAP’s S/4HANA Cloud. The aerospace company will implement SAP’s Business Technology Platform and Analytics Cloud offering for technology development, strategic data management and analytics. “Through this agreement, we will be able to manage more closely product impact, employee well-being, resource efficiency and data security,” said Yvonne Hodge , senior vice president of enterprise business and digital transformation and chief information officer at Lockheed. “We will be better able to grow and run our business and, most importantly, we will be well positioned to transform how we design, buy, build and sustain the products critical to the security of the United States and our allies.”

The CIO agenda in 2023: Driving growth and transformation

The CIO agenda in 2023: Driving growth and transformation

This article is part of a VB special issue. Read the full series here: The CIO agenda: The 2023 roadmap for IT leaders . The pressure is on for CIOs in 2023, experts say, as chief information officers are called upon to drive growth and transformation, not just keep the data center humming and enterprise software running. “It’s about ‘show me the money,’” Janelle Hill, chief of research for Gartner’s CIO practice, told VentureBeat. After a decade of investing in digital, she explained, organizations want to know the value of their investments, while at the same time accelerating digital initiatives such as artificial intelligence and hyperautomation — and ensuring security and privacy across an expanding attack surface. No compatible source was found for this media. According to Gartner’s 2023 CIO and Technology Executive Agenda , released in October, CIOs expect IT budgets to increase 5.1% on average this year — lower than the projected 6.5% global inflation rate. That creates a triple squeeze — economic pressure, scarce and expensive talent, and ongoing supply challenges — heightening the desire and urgency to realize time to value. This special issue from VentureBeat kicks off the new year by tackling these issues […]

Four Ways Leaders Can Empower People for How Work Gets Done

Four Ways Leaders Can Empower People for How Work Gets Done

In times of uncertainty, people are ready for software that helps them code their own solutions, and for artificial intelligence tools that let them focus on what’s important raying supply chains. Economic headwinds. Changing expectations around hybrid work. The rapid transformations of the past few years have fundamentally reshaped work and life as we know them. It’s clear that the agility and resilience of every organization rest on a workforce empowered with tools that enable them to work more efficiently and flexibly than ever before. That shift isn’t about overburdening your teams or deprioritizing innovation. It’s about being more effective, enabling people to do their best work with processes and tools that reduce friction, unlock innovation and creativity, and reduce busywork to help every individual focus on the work that matters most. To take stock of how people feel about the digital productivity tools they use today and those they need to succeed in the future, Microsoft surveyed 2,700 employees and 1,800 business decision makers (BDMs) in the United States, the United Kingdom, and Japan. We asked questions like, Do people feel empowered by the tools they currently have? Are teams equipped to collaborate effectively in a world of […]

The Florida Department of Economic Opportunity Announces Availability of $142 Million to Fuel Small Business Growth

The Florida Department of Economic Opportunity Announces Availability of $142 Million to Fuel Small Business Growth

~ Five Programs Available to Expand Business Development and Continue Florida’s Economic Growth ~ Tallahassee, FL – Today, the Florida Department of Economic Opportunity (DEO) announced that $142 million in new capital is available for small businesses and startups through Florida’s State Small Business Credit Initiative (SSBCI). SSBCI, administered by DEO in partnership with Enterprise Florida, Inc., has five programs to serve small businesses that may not otherwise have access to the capital needed to grow their businesses, including very small businesses and sole proprietors. This multi-year initiative is part of Governor Ron DeSantis’ large-scale effort to prioritize workforce development, cultivate a business-friendly environment, and stimulate aggressive economic growth. To be eligible, businesses must be Florida-based and have 750 employees or less. Funding through Florida’s SSBCI programs may be used to fund start-up costs, business procurement, franchise fees, equipment, inventory, and the purchase, construction, renovation, or tenant improvements of an eligible place of business. DEO encourages Florida-based small businesses to sign up for updates on funding opportunities through SSBCI. “Florida’s SSBCI program connects Florida’s small businesses with opportunities for new capital that they may not otherwise be able to access,” said DEO Acting Secretary Meredith Ivey . “DEO is […]

California’s SB 876: A Missed Opportunity for Education Technology

California’s SB 876: A Missed Opportunity for Education Technology

California’s SB 876 is a bill that would create a state Digital Education Equity Program (DEEP). This program will be run by the California Department of Education, and the sponsors of the bill argue it would give help and training to schools and other educational organizations in using technology in their classrooms. The bill would require the California Department of Education to authorize grants to each of the state’s 58 county offices of education. Each county office of education would have to tell the department of education what they did with the money, who they helped, and how much money they used every year. (One of the co-authors of this post sat for some years on a county board of education and can testify that county offices don’t have the capacity to properly evaluate grant proposals in this area.) Much of the impetus for the bill appears to be addressing the “digital divide” in education. The digital divide refers to “the gap between those with sufficient knowledge of and access to technology and those without,” per an American University blog post . Educators in many schools lack access to sufficient information and professional development to cost-effectively plan for and […]