Imagine
How Natural Language Processing is transforming the financial industry – IBM Watson
The exponential growth in data from the Internet, social media and personal devices is providing enterprises with unprecedented opportunities to use digital information to improve their businesses. To an extent, sophisticated analytics programs can help businesses utilize their data by searching for and revealing patterns hidden in structured data, such as spreadsheets and relational databases.
Source: How Natural Language Processing is transforming the financial industry – IBM Watson
Read MoreHow Disney Found Its Way Back to Creative Success
Repeating what you’ve done in the past or copying what someone else is doing now are not innovative, and it’s innovation that underwrites future success.
Source: How Disney Found Its Way Back to Creative Success
Read MoreDisrupting Industries With Cognitive Computing
With cognitive computing, we are now able to unlock the value in ALL the data — from internal, external and even publicly available sources — available to a business. Much of this data was previously inaccessible as it existed in was unstructured (documents, emails, social media posts and images etc.), or was dispersed among any many systems and silos. Hear how two companies are already using cognitive computing to disrupt their industries:
Source: Disrupting Industries With Cognitive Computing
Read MoreHow to Transform a Traditional Giant into a Digital One
Some leaders will ignore the trend, as happened at Nokia, or remain on the defensive, as reflected in Walmart’s delayed response to Amazon. But others know it is not going away and that they have no choice but to transform the company. That realization creates more anxiety than insight into what to do. CEOs are on the hunt to understand who has done what, and who has succeeded. They want to know, does a legacy company really have a chance of transforming itself into a math house? Can it do so at the speed of a start-up? Yes. On both counts.
Source: How to Transform a Traditional Giant into a Digital One
Read MoreBig Companies Should Collaborate with Startups
Ironically, startups and established companies would both improve their success rates if they collaborated instead of competed. Startups and established companies bring two distinct and equally integral skills to the table. Startups excel at giving birth to successful proof of concepts; larger companies are much better at successfully scaling proof of concepts.
Source: Big Companies Should Collaborate with Startups
Read MoreBig Banks Are Already Aboard With Amazon Public Cloud
Most of them are using it, just not talking about it.That Amazon Web Services has been pitching its public cloud services to banks, as reported by The Wall Street Journal, is not a shocker. Amazon is well into year four (or five?) of a big push to get big, security-conscious companies comfy about using its shared computing and storage infrastructure.
Source: Big Banks Are Already Aboard With Amazon Public Cloud
Read MoreSteve Blank – The Mission Model Canvas – An Adapted Business Model Canvas for Mission-Driven Organizations
Read MoreThe Business Model Canvas has served all of us well in thinking about building businesses – and therein lies the problem. In a business the aim is to earn more money than you spend. What if you’re a government or a military organization or part of the intelligence community? In these cases you don’t earn money, but you mobilize resources and a budget to solve a particular problem and create value for a set of beneficiaries (customers, support organizations, warfighters, Congress, the country, etc.)
Favorite Reading List
My blog is more of a collection of favorite reads that contribute to my business model than rants and raves. But there may be a few 🙂
In general you can ignore the “Read More” link and simply click on the source link.
Enjoy!
Read MoreWhat Is Disruptive Innovation?
Twenty years after the introduction of the theory, we revisit what it does—and doesn’t—explain.
Source: What Is Disruptive Innovation?
Great explainer video!
Read MoreDigital Transformation Going Mainstream in 2016, IDC Predicts – The New York Times
Many of these companies, according to IDC, are not moving fast enough. It predicts that a third of the top 20 companies in every industry will be “disrupted” over the next three years, meaning their revenue, profits and market position will deteriorate — not that they will go out of business.
Source: Digital Transformation Going Mainstream in 2016, IDC Predicts – The New York Times
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