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Forecasting The Future For Financial Services Firms

Predicting the future is a skill most finance executives probably never expected to cultivate. Yet the “living will” requirements of Dodd-Frank and the Comprehensive Capital Analysis and Review (CCAR) regulatory framework demand that banks and financial services companies be able to efficiently and accurately forecast what’s to come. It’s not as easy as it looks. Earlier this year, five major banks failed to convince the U.S. Federal Reserve and the Federal Deposit Insurance Corp. that their bankruptcy resolution plans were sound. Companies like JP Morgan Chase, Bank of America, and Wells…

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Precision Medicine Gives Cancer Patients New Hope In 2017

When it comes to something as deeply personal and emotionally powerful as a cancer diagnosis, few people are satisfied with a one-size-fits-all treatment plan. Welcome to the next phase of precision medicine. Fueled by decreasing costs in genomic sequencing and the explosion of accessible, understandable Big Data, precision medicine promises millions of patients ever-more individualized, highly targeted treatment and prevention. To find out what we can expect this year and beyond, I spoke with Dr. Clifford Hudis, CEO of the American Society of Clinical Oncology (ASCO). He predicted major changes in…

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How IoT Analytics And Strategy Boosts Manufacturing

After witnessing three industrial transformations kindled by steam power, electricity, and IT, the world is all set to usher in the fourth transformation, known as Industry 4.0. Industry 4.0 blends computers and automation (i.e. cyber-physical systems) and the Internet of Things (IoT) meshed with data and services to reshape manufacturing and give rise to smart factories. We are early in the Internet of Things era, where cyber-physical systems interact seamlessly with the Web in unimaginable ways, without human intervention, in real time. Industry 4.0 depends on IoT gadgets and machines that can…

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Smart Investments Create Smart Cities

As I speak with customers around the world, our conversations often turn to the rise of technology companies. Not your traditional Google, Apple, IBM, and even SAP-type technology companies, but the Airbnbs, GO-JEKs, Under Armours, and Ubers of the world. Think those aren’t tech firms? They describe themselves as such. And now, the public sector is starting to get in on the tech game too. A magnitude of opportunity More than 54 percent of the world’s population resides in urban areas today. By 2050, this number is expected to be…

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Customer Intimacy: “Dude Looks Like A Lady”

It’s been reported that the well-known Aerosmith song, “Dude Looks Like a Lady” was conceived after Steven Tyler, lead singer of this iconic group, saw Vince Neil of Motley Crue in a bar. At the time, Vince had a lot of long, blond, luxurious hair. (Remember, this was during the mid-80s, when big, bold hairstyles were the rule for everyone – male and female.) It’s also been reported that Vince was quite flattered when he was told that he was the impetus for the song. And we all know the…

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IoT, Sensor Data, And The Future of Insurance

The insurance industry is facing a set of challenges that will likely have a massive influence on the majority of insurers’ business model. In fact, 75% of insurers believe that industry boundaries will dramatically blur due to the IoT and other platforms. And while most insurers are still focused on selling insurance coverage and paying in the event of damage, loss, or claim, customer expectations are changing quickly and massively. Customers are asking for much more than the insurance we have been providing them with for decades. Addressing new customer…

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DigitalistMag 

What Do Business Users Really Want From BI?

When I joined SAP a couple of months ago, I was fascinated by the scale of the software options available to our customers. As the face of support of some of our analytics solutions, I started to wonder “What do business users really want from a business intelligence (BI) solution?” Some will want a Google-like experience, some want automated reporting, some want the ability to play with their corporate data and then ask questions of the data to find new insights, and still others just want smarter Microsoft Excel without the…

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DigitalistMag 

The Future Of Support: Empathetic, Proactive Services For The Real-Time Enterprise

Not so long ago, people with lots of technical training and experience were the main users of technology. Product support mirrored this audience as technicians offered just-the-facts responses to technical questions through iterative, ticket-based communications. That type of support won’t give customers what they need in 2017 and beyond. With technology changes such as cloud computing solutions, mobile devices, hyper connectivity, and the Internet of Things reshaping the business landscape, the user community has changed. Solution providers must reimagine support to meet this new reality. As Generations X and Y…

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Who Will Win AI For The Enterprise?

When it comes to getting the most out of artificial intelligence, large quantities of high-quality data are essential. For example, thanks to their massive data sets, Google’s algorithms have learned to read lips by watching thousands of hours of television, and to tag images better than humans. The algorithms were even able to discern the concept of a “cat” from first principles, using the vast contents of Google’s YouTube video library. Machine-learning algorithms are now being applied to the world of work, and they will be able to process much larger data…

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The Role Of Technology In Food Sustainability

Facing increasing population and environmental instability, the human race is challenged with ensuring that there will be enough food to sustain us over time. Technology is playing an important role in finding solutions to today’s food production problems. Euan Murray, chief strategy officer of the Sustainability Consortium, and John Rorapaugh, director of sustainability at ProFish, recently shared their thoughts at a Future of Food virtual forum discussion. Specifically, they addressed the role technology can play to create more sustainable food production methods going forward. Challenges with food sustainability Future of Food forum moderator and director of sustainability at…

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