Category Archives: Business Intelligence, IT, Data Management, Metrics, Cloud & Mobile

Big Data for Small Businesses

Good read.  Find out what other small businesses are using to mine big data they can afford and use.

Excerpt:  When Kobie Fuller was hired as chief marketing officer at Revolve Clothing, in July 2011, one of the major challenges he faced was how to encourage customers to become repeat buyers.

He was sure that the answer lay somewhere in the mass of customer-order data the 160-employee online apparel retailer collects daily. But when he arrived, that data was stored in a difficult-to-navigate database. Pulling sets of data meant asking an IT guy to run a special query. And even figuring out where to start was tricky. Revolve’s data reached back to when the company was founded, in 2003. “I wanted ready access to key statistics without begging someone to mine the data for me,” says Fuller.

Read full article via Big Data for Small Businesses | Inc.com.

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Filed under Business Intelligence, IT, Data Management, Metrics, Cloud & Mobile, Small Business

Gartner Identifies the Top 10 Strategic Technology Trends for 2013

Information technology.  Here is a forecast for 2013 from the Gartner Symposium.

Excerpt:  Gartner, Inc. today highlighted the top 10 technologies and trends that will be strategic for most organizations in 2013. Analysts presented their findings during Gartner Symposium/ITxpo, being held here through October 25. Gartner defines a strategic technology as one with the potential for significant impact on the enterprise in the next three years. Factors that denote significant impact include a high potential for disruption to IT or the business, the need for a major dollar investment, or the risk of being late to adopt.

Read full article via Gartner Identifies the Top 10 Strategic Technology Trends for 2013.  From Gartner

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BYOD: The Good, The Bad and The Ugly (Infographic)

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Find more amazing infographics on NerdGraph Infographics

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The Beginner’s Guide to Mobile App Marketing

Here you go entrepreneurs, build a mobile marketing app from beginning steps to success.

Excerpt:  Building an app is hard, and marketing an app is even harder. It requires a multi-faceted approach that is coordinated and coherent. Each of the steps above will contribute to a successfully marketed app, but none of them are silver bullets.

Read full article via The Beginner’s Guide to Mobile App Marketing.  From QuickSprout

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Can Business Embed IT?

The expected changes today will have on the IT management of tomorrow.  Good read information technology.

Excerpt:  The successful ones will. We think you’re about to see a bifurcation of IT. At Forrester we’ve been talking about this term business technology for years and years. It’s happening in the world but what it really means is that there will always be a need for a chief infrastructure officer, all the back end, the network the data center, the telecom, that all still has to be managed well. But now we are in an age with digital all around us where we can’t the separate business function and business capability from the underlying technology. The latter embodies the former in many cases now. So you’re likely to see CIOs who are much more business savvy go in a couple of directions. In one case they will start to be leaders of a business group or a business function and take the knowledge they have around technology to help expedite the differentiation they are trying to drive in a particular business function. In the other you’ll see them anointed into a sort of chief technology officer role where they’ll be more responsible for technology development and technology delivery.

Read full article via Can Business Embed IT? – Information Management Online Article.

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Surviving Digital Disruption | IT

A good look at today in information technology.  With changes and new requirements, what will survive and grow, what will become obsolete and die?

Excerpt:  As a result, “20 to 40 percent of businesses at this conference won’t be here in five to 10 years,” said Forrester Research VP and Principal Analyst Bobby Cameron. “The ones that disappear are the ones not able to stabilize back office activities that don’t differentiate them competitively.”

As technology practices struggle to align with changing competitive business practices, they must also incorporate the arrival of big data, analytics, social, mobile and cloud technologies in their processes and architecture.

Whether through planning or as a result of the evolution, captive enterprise IT skills are migrating from blue collar to white collar.

Read full article via Surviving Digital Disruption – Information Management Online Article.

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Deloitte | Is Outside-In Architecture Right for Your Company

Recommended for all small business with takeaways.   The overview and pros and cons provided by the debate are reference material for your decisions.   Leadership and management information technology and operations.

Excerpt:  Outside-in architecture connects partners, suppliers and other external parties to a company’s ecosystem. While this design is growing in popularity, does the ability to share information with third parties justify the cost of replacing your current centralized architecture?

Recently, increased competition has led some companies to embrace an emerging IT architecture model that supports information sharing among internal and external parties. Advocates of this “outside-in architecture” approach argue that it will soon become an essential element of business results. Yet this notion meets with resistance from companies that have invested heavily over the years in creating and maintaining a traditional, centralized IT architecture. Their reaction is understandable and it raises the question of whether companies should divert resources toward a new architectural model that has yet to mature and demonstrate its longer-term value to the enterprise.

Explore all sides below by clicking on each button:

Read full article via Deloitte | Is Outside-In Architecture Right for Your Company | Deloitte Debates | Eric Openshaw | Technology.

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21st Century FAO Risks: The Era of Service Chain Management

Recommended read human resources, information technology and accounting management.   Outsourcing.   Frankly, in my opinion, this practice tapering off is a good thing.  What do you think?

Excerpt:  “Once you get beyond, say, payables and receivables,” reports Stan Lepeak, KPMG’s director, global research, management consulting, “most FAO outsourcing becomes extremely complex due to reporting requirements.” What’s more, companies are using outsourcing partners to manage increasingly complex work.

As recently as five to 10 years ago, many outsourcing experts expected FAO to grow and expand in much the same way that ITO and, subsequently, HRO partnerships flourished by A) increasing in number, and B) greatly increasing in magnitude. Some pundits even envisioned a day when the finance and accounting function would be staffed by a few senior experts (in treasury, M&A and a few other strategic activities), while all of the more tactical processes would be farmed out to shops in Bangalore and Dalian.

FAO took a different evolutionary path thanks to business regulations with significant financial reporting components, like Sarbanes-Oxley and Dodd-Frank, as well as the impressive efficiency gains many finance functions achieved – through outsourcing, yes, but also via shared services, process improvements and new automation — during the past 10 years. Leading finance and accounting functions cost as little as 1 percent of revenue today.

Although FAO, HRO and ITO outsourcing to low-cost countries continues, some experts expect it to taper off.

Read full article via 21st Century FAO Risks: The Era of Service Chain Management | Business Finance.

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Filed under Accounting, Bookkeeping, GAAP, IFRS, Business Intelligence, IT, Data Management, Metrics, Cloud & Mobile, Human Resources & Payroll

Legal and Technical BYOD Pitfalls Highlighted at RSA Security Conference

Heads up  —  the article lists very good points.   Is your company allowing BYOD and do you have policies and security in place?

Excerpt:  Allowing employees to bring their own devices to work is causing new challenges, including what happens when a device needs to be wiped or employees want to sell their smartphone or tablet.

Mobile security and BYOD (bring your own device) are main themes at the European edition of RSA’s security conference, which takes place this week in London.

Read full article via Legal and technical BYOD pitfalls highlighted at RSA security conference | CFOworld.

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Your C-Suite Needs a Chief Data Officer – HBR

Small business takeaways in the article for enterprise level C-Suite.

Excerpt:  …… most enterprises grew up in an era before the importance of data was recognized, such that the part of a company responsible for collecting, storing, and extracting data is often separate from the part responsible for using the data. This structural separation makes it difficult to implement data solutions across an organization.

Enter the Chief Data Officer. Making the most of a company’s data requires oversight and evangelism at the highest levels of management. The CDO would be responsible for:

Read full article via Your C-Suite Needs a Chief Data Officer – Anthony Goldbloom and Merav Bloch – Harvard Business Review.

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CEA Unveils 5 Technology Trends to Watch

Small business news-to-watch and of-interest.  We like to know and keep up with the trends  —  can one or more in the list be used for your business?

Excerpt:  Because technology evolves so quickly, nailing down trends with staying power is no easy task. Even so, a few underlying movements are so big that they’re impossible to ignore.

On Monday, the Consumer Electronics Association (CEA) identified a few of these key tech trends based on consumer market research. The company released the 2013 edition of its annual Five Technology Trends to Watch in conjunction with a panel discussion among technology experts on the implications of each trend at the CEA Industry Forum in San Francisco

Read full article via CEA Unveils 5 Technology Trends to Watch | Inc.com.

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8 Tablets for Business: the Pros and Cons

Small business  check out the comparison of 8 tablets to help you decided which is better for your business use.

Excerpt:  …..  tablets are not one-size-fits-all. For business users, your choice can depend on how you plan to use a tablet — making presentations, processing transactions or reading documents. You should also take into account your preferred mobile operating system, available apps and the kind of connectivity you’ll need.

Here’s our guide to eight of the best existing and soon-to-arrive tablets:

Read full article via 8 Tablets for Business: the Pros and Cons | Slideshow | Entrepreneur.com.

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What Could You Accomplish With 1,000 Computers? – HBR

Good read.   I think the article helps to put data in perspective for the rest of us.

Excerpt:  You recently launched Hack/Reduce — a sort of Big Data playground — in collaboration with MIT, Harvard, and other Boston-area universities. What was the inspiration behind it?

Fred Lalonde: We started Hack/Reduce in response to two big barriers to using Big Data. One is scalability. You can’t do Big Data on your laptop. You need 1,000 computers. The second is finding people who have the training, knowledge and expertise to work with Big Data. Even in a city like Boston, with the depth of software talent, there was literally nowhere where people with an idea could boot up enough computing power to try it.

We started with a one-day hack-a-thon and invited people to come over. The premise was you say to geeks: “We’re booting up all the computing power you need to come and do whatever you want.”

Read full article via What Could You Accomplish With 1,000 Computers? – Dana Rousmaniere – Harvard Business Review.

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Consumer Devices are Here. Is Your Enterprise Security Ready?

Advice for all small businesses that are now challenged with security and BYOD issues.  Good read.

Excerpt:  The report goes on to detail five primary recommendations to manage today’s enterprise mobile risks and setup a platform for growth.

Read full article via Consumer Devices are Here. Is Your Enterprise Security Ready? – Information Management Online Article.

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Open Sourcing May Be Worth the Risk – HBR

Good read.  Find out how one company assessed and then acted on open sourcing.  Find out the results.

Excerpt:  Our decision to go open source wasn’t easy. Prior to deciding to open source Mobify.js, we had many internal discussions about the initiative, including airing concerns. If people could get the framework for free, would they still need our platform to run it? What if someone else used it to compete with us? What if someone used it for malicious purposes? How will the decision impact our revenue? What if everyone thinks our code is lousy, and nobody likes us?

Read full article via Open Sourcing May Be Worth the Risk – Igor Faletski – Harvard Business Review.

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