Smart Cities: The Future of Urban Development

As the world becomes increasingly interconnected and technology-dependent, a new wave of smart applications is changing how we approach everyday activities. Utility appliances such as intelligent fridges (yes, you read that right), personal assistants like Amazon’s Alexa or smart home security applications create opportunities for more efficient living. While the ideas of “Smart Cities” has been proposed as the future of urbanism, the question remains: how do we connect this new technology for the ultimate “efficient” society?

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Why Disruption Is Coming for Your Industry — And How to Embrace It

The rate of disruption is escalating across every industry, thanks to an increase in computing power, technology adoption and information sharing. These global shifts have made markets more efficient, given companies access to a broader pool of talent and resources and expanded competition to a global scale. The resulting changes and pressures are challenging virtually all companies, from startups to established enterprises.

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Explaining Agile

Agile is a vast global movement that is transforming the world of work. The movement took off in software development in 2001 and is now spreading rapidly to all parts, and all kinds, of organizations, as recognized in 2016 by the citadel of general management—Harvard Business Review—with its article, “Embracing Agile,” by Darrell K. Rigby, Jeff Sutherland and Hirakata Takeuchi. There are already hundreds of thousands of Agile practitioners all around the world.

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Data Analytics

Know what your customers want before they do.

Data Analytics is the practice of using data to drive business strategy and performance. It includes a range of approaches and solutions, from looking backward to evaluate what happened in the past, to looking forward to execute scenario planning and predictive modeling.

According to Northeastern University, big data analytics requires examining large volumes of data to uncover hidden patterns and correlations, enabling companies to make proper business decisions. Organizations realize the essential need of understanding data driven historical performance and how this correlates with future projections.

Before the recent digital revolution, executives in leading organizations were praised for “gut” intuition and their ability to read and understand the limited data before them. As more devices become connected, the amount of available data continues to grow. According to Gartner data, an estimated 11.2 billion pieces of hardware will be connected to the internet by the end of 2018; that number is expected to climb to 20.4 billion by 2020.

Each of these devices generates information, but too much for traditional models to visualize. To combat this, and make all data actionable, technology developers have created data analytics programs that use advanced technologies such as machine learning and artificial intelligence to break down big data into digestible information.

According to Deloitte, organizations that properly leverage data analytics are able to spot global trends faster than their competitors. Data analytics can provide information in real-time, allowing organizations to adjust on pace with the market itself. Data analytics can also be used internally, empowering enterprises with the tools to identify wasted resources and improve overall productivity.

Example

Amazon Fresh and Whole Foods Market is a perfect example of how big data can help improve innovation and product development. Amazon leverages big data analytics to move into a large market. The data-driven logistics gives Amazon the required expertise to create and achieve greater value. Focusing on big data analytics, Amazon Fresh and Whole Foods Market is able to understand how customers buy groceries and the way suppliers interact with the grocer. This data provides insight as to whether further changes should be implemented.

The future of big data is here.

Contact our team today to learn how we can help your business leverage your data