We woke up one morning and everything has changed. Although we do our best to understand and adapt to the changing environment, there seems to be no other way to survive this crisis without having the right technological infrastructure. By recognizing the value of digital transformation in advance, some companies are a bit more fortunate in this process, but some are in a difficult situation because they have not taken a step yet.
COVID-19 has changed the way we work forever. We’re all suddenly working from home, reliant on technology and aware of its limitations. Enterprise software is helping us get through the crisis, but it has some way to go to deliver the human experience we expect.
Digital transformation is breaking new grounds and redefining the future role technology will play in the enterprise. More often than not, a majority of business focus is placed on the tangible benefits transformative applications will have on external results and, ultimately, the bottom line. In particular, artificial intelligence (AI) has risen as a main focus point for its ability to accelerate processes and help organizations remain competitive in today’s unpredictable landscape. However, the benefits of AI go far beyond improved business operations and its potential to improve the internal workplace experience is often overlooked.
Accountability is critical in business. Professional services companies are held to high standards, and client expectations need to be met. But are the goals being measured for each project telling the true tale of success?
Companies are well-accustomed to setting statistical KPIs on which to judge project delivery. From budget to actual cost, earned value to ROI, they each provide a clear benchmark. However, projects are powered by people – and the impact of team chemistry on project performance is rarely measured.
The ongoing conversation that artificial intelligence (AI) will replace our jobs has caused much concern and speculation. Workers are wondering which skills are replaceable, which will be automated, and what they can do to ensure their skills remain competitive. As an architect working on AI, machine learning and bot technologies, however, the way I see it is this: technology is going to replace tasks, not jobs.
Entrepreneurs have disrupted nearly every industry, developing start-ups that transform the way business is done. Airbnb for example has changed the world of travel forever. Today, this company enjoys a value of more than $31 billion. Lyft comes in at a cool $7.5 billion, after turning the taxi service industry on its head. FinTech firms like Stripe have created mobile payment solutions that are used by leading financial services companies like Visa. Even specialized services such as computer security are dominated by disruptors like Synack.
ERP systems transform, integrate and scale businesses better today than they ever have. It’s the only system that tackles all the processes that are essential to running a business and eliminates those that aren’t. And cloud has made ERP solutions more affordable, and easier to implement and manage.