“The size of competitors and the longevity of their brands, are less predictive of future success than the importance they give to data, the quality and speed of their information logistics systems, and the operational tempo of their business.” ~Kevin Benedict
More data is being generated today than ever before, and in 2018 leaders should be laser focused on investing in and implementing the following digital systems/solutions:
- Data collection
- Big data analytics
- AI/Machine learning
- Automation (RPA)
- Security
- Real-time contextually relevant personalized experiences
There is a new sense of urgency today as businesses realize data is the blood that runs through the veins of a successful business in this digital era, and that data has a shelf life, and the value of it diminishes rapidly over time. In an always-connected world where consumers and their needs are transient, timing is everything and a special type of data is needed – real-time data. In order to capture competitive advantages and contextual relevance before data expires, enterprises must deploy optimized information logistics systems (OILS) that deliver on the potential fast enough to exploit it.