Digital skills are in high demand and short supply. But first things first — how do you define a digital team when nearly everything is digital?
Companies are using more real-time analytics, because of the pressure to increase the speed and accuracy of business processes — particularly for digital business and the Internet of Things (IoT). Although data and analytics leaders intuitively understand the value of fast analytical insights, many are unsure how to achieve them.
Industrie 4.0 goes far beyond the connection of IT applications and physical assets. Internet of Things (IoT) initiatives need to be business-driven and value-chain-driven. Digital business — especially in the context of Industrie 4.0 — is focused specifically on peer exchange and communication between business (including process and information), people and physical things as equal entities. This means that different parties need to collaborate efficiently across the whole life cycle of Industrie 4.0 initiatives.
Business leaders have long recognized that the ability to hire the right talent plays a significant role in any organization’s performance. Views about the challenges to acquiring and retaining such talent have evolved over time.
Digital business is the creation of new business designs by blurring the boundaries between the digital and physical worlds due to the convergence of people, business and things. To cities, digital business means smart cities with connected parking, facilities and services.
In most ways, Internet of Things analytics are like any other analytics. However, the need to distribute some IoT analytics to edge sites, and to use some technologies not commonly employed elsewhere, requires business intelligence and analytics leaders to adopt new best practices and software.
Analytics-as-a-service offerings are based on broad categories and attract a range of players with different backgrounds. The urgency to transform into a digital business and to compete more effectively in the global market is forcing buyers to become more information-driven.