The modern digital transformation is so appropriately named because it’s affecting everything. From retail transactions and customer service tools to data-heavy operations like analytics, nearly every industry is seeing quite the evolution. It’s about more than just going digital, too: It’s about upgrading the convenience and efficiency of various operations or processes.
Banking and finance is certainly no exception. Consumer-facing services in conventional banking are evolving to be more mobile-friendly and online. Enterprise-level financing and accounting are seeing a similar change.
Graduation day can come
with a harsh reality: You’ve got to find a job. If you’re smart, you’re reading
this before that fateful day comes. Even if you are reading this after the
fact, this simple advice will help you turn the corner from academia to
Today’s job market is thirsty for technical people, so don’t get downtrodden if the first few applications you submit don’t yield an offer. If you need some inspiration for new ways to get exposure to potential job opportunities, try a few of these ideas.
If you expected the food and beverage industries to be exempt from digital transformation, you’re in for a surprise. Technology is rapidly changing every industry and the supply chains which support them — and that includes how we purchase and distribute food. This is a look at just a few of the technologies changing this industry forever and for the better.
There’s a classic philosophical thought experiment called the
“Ship of Theseus.” If the owners have replaced all the sails, all the
masts and every plank on every deck, is it the same ship it used to be?
A study from four years ago found that 90 percent of
company owners expected their organizations to do more changing in the coming
five years than they had over the previous five. How much different do you
think those companies actually are today? How many of them made good on their
promise to change with the times?
You don’t need to become a “Company of Theseus” or pursue change for its own sake. But meaningful, deliberate and incremental change is the stuff that magic is made of. So how can you build your culture around it?
At this point, it’s safe to say that the younger generations — including millennials and Gen Z — are quite different than those that came before.
In fact, they can be so different at times, that many organizations, businesses and parties have trouble understanding what they want and what they might resonate with. That’s why it’s incredibly important that we’re able to garner a supply of feedback from younger audiences.
Project management in engineering is as vital as it is potentially
misunderstood. Like it or not, many project managers have had to learn the hard
way that their job is less about frontline engineering work and more about
taking a mindful, deliberate, top-down approach to directing projects of all
kinds and sizes.
If it sounds like a dusty office job, it’s anything but. Like a
project engineer, project managers oftentimes find themselves on jobsites or in
the coding trenches if their work has taken them into IT or software
development. For the most part, though, project managers have to
understand human nature and know how to apply it to the process of solving a
problem or getting a product to market. This includes developing some of the
internal processes being used, ensuring clients’ needs are top-of-mind and
generally making sure all the moving pieces work well together.
Data science and big data, in general, are changing the world around us. Some of the more prominent industries where data is making an impact include retail, customer service, and construction, as well as manufacturing and development.
It’s no secret that these days, just about everything relies on a digital component — and digital platforms collect, generate and transmit data.
Every so often, however, data applications come as a surprise not regarding their adoption, but how they impact the greater world. That’s precisely the case in food and beverage, as data is fundamentally reshaping the way we eat, drink and sometimes even cook.
Once reserved for corporations with substantial war chests full of cash earmarked for “innovation” and “disruption,” digital transformations are now comfortably a part of the business mainstream. In 2019, we can expect these and other digital transformation trends to take off in a huge way.
There’s an upper limit to the amount of foresight and intuition
human beings can bring to any complex process. Beyond that, we need to rely on
technology and the gathering of data.
The modern supply chain is a wonder of engineering and human cooperation, but it’s come to rely on an increasingly connected web of digital and physical tools. These days, it’s hard to imagine a supply chain operation that doesn’t pull and react to data in real-time. Let’s take a look at this modern supply chain in practice, and how all of this data results in leaner operations and timelier decision-making.
A lot of conversations about digital transformation today are
about B2C businesses. But it’s a mistake to assume things aren’t changing in
the B2B world too. It’s thanks to the constant churn of new technologies and
methodologies that make what we do — whatever we do — easier, smarter and more
Whether you call it “going digital” or something else, what we’re talking about is an investment. And investments come with opportunities as well as potential risks. Here’s a brief look at both.