“McKinsey research shows bold moves to adopt digital technologies early and at scale, combined with a heavy allocation of resources against digital initiatives and M&A, correlate highly with value creation”
Digital strategy in a time of crisis, © McKinsey 2020
Imagine having to identify every customer data point in 100s of business systems, capturing all of that out-of-step from BAU operations, and then purging it from wherever it is.
In the digitalization era, “data is the new bacon.” What does this mean? Data can be served in different ways just like bacon and can be used in different ways by different audiences. It also makes food taste better, that is how data can be used to make businesses better and efficient.
The COVID-19 pandemic has inspired tremendous change in every industry. Business leaders faced with a changing workforce and world have had to pivot faster, decide faster, and deliver faster — and at the end of the day, they still have to delight their customers.
Three years ago, Category 5 Hurricane Irma was quickly approaching the coastline of Florida — forcing many evacuees to frantically join long lines at gas stations to fuel up as they fled north. At the same time, Tesla’s CEO Elon Musk announced that the company would boost the range of its cars, enabling Tesla owners to travel further out of the range of the storm. This was accomplished by temporarily providing access to additional reserve battery power.
As data is more than ever fueling digital transformation strategy leading potentially to industry disruption and disintermediation, this blog discusses the importance of breaking organizational silos as a first step by challenging the status quo and establishing a culture of change: before facing the complexity of systems and architecture, IT leaders need to adopt a digital mindset.
Data-based insights are a critical component of strategic decision-making in business today. We know this because, time after time, we’ve seen companies that successfully apply data and insights to their decision making perform better on key business metrics. They are 23x more likely to add new customers, and 9x more likely to retain those customers. They are also 19x more likely to be profitable.
These numbers paint a very clear picture: business leaders must bring data and insights into their decision making,
It’s rare for developers to work with flat data structures — instead we often work with multilevel data structures. Normally, XML uses multiple layers of hierarchy. We need to perform changes on all the levels, without knowing how deep into the hierarchy we need to process the entire structure.
Developers typically use recursive calls to solve these types of problems. In this blog post, we will see how to implement simple recursive calls using DataWeave.
Reopening the workplace in this new normal will no doubt be a challenge. CIOs and IT leaders must respond quickly to the seismic changes to the work environment created by COVID-19, and lead the effort to connect data, implement new digital capabilities, and improve workflows. As organizations look to reopen their doors, both to employees and customers, the focus on health and safety needs to continue. CIOs must also lead their businesses in optimizing the remote,
Data is one of the most valuable business assets, across all industries, and geographies. The organizations that are able to capture the full power of their data are seeing huge benefits — they are 23x more likely to add customers, 19x more likely to be profitable, and see 7x faster growth than global GDP.
The COVID-19 crisis has drawn out many of the best sides of our collective character. We are surrounded by inspiring stories of ad-hoc collaborative action to solve this truly human crisis, from doctors sharing notes over email in search of a shared understanding of the virus, to cross-border teams forming to source essential PPE from around the world.
