Now, we live in a time when there is an app for any productivity issue. We can choose from thousands of solutions, each boasting impressive features that help people accomplish more in less time. One such solution that’s making waves is blockchain.
Aided by the meteoric rise of bitcoin, blockchain has technological applications that make it a viable resource for any number of industries in which transparency matters. As the food services and healthcare fields show, though, blockchain and technology in general is not a silver bullet. While it has potential to effect change, blockchain can’t be the cure-all you might expect if you don’t apply the necessary context.
Supply chain transparency is a must, especially as it relates to food and health. Take, for example, E. coli. A 2015 outbreak of the bacteria contaminated Chipotle restaurants across 11 states, and E. coli concerns led to three recalls of romaine lettuce in 2018 alone. Recalls, besides being a major health concern, pose the single biggest threat to food vendor profitability, according to Food Safety Magazine.
In healthcare, opaque supply chains lead to other issues. Stolen prescription drugs are contributing to a well-documented opioid crisis in the U.S. In addition, fraudulent billing costs around $455 billion worldwide.
While blockchain can help each industry prosper, there are still questions that both healthcare and the food industry must address as to how blockchain aligns with their goals. For leaders in other industries considering blockchain adoption, ask yourself these four questions to determine if it’ll yield the results you envision.
Blockchain has the potential to serve as a global supply chain operating system. If your business sells high-quality goods and it’s vital to know where they are every step of …Read More
The last few years have shown an obvious need for technological modification. However, despite the interest in this process, the digital transformation leads to many difficulties in its implementation. Every company whose management makes such a decision has a long way to go.
Based on my own experience, I decided to share a number of tips that will help you avoid common mistakes and make your business digital transformation process truly successful.
Properly introduced control elements play an important part when any initiative is implemented. The main control functions, which companies often wrongly neglect, are:
Digital transformation can be short or long-term, but, in any case, it has to be consistent. Few companies have the required resources to implement it in a short time. Most businesses choose long-term initiatives.
Moreover, regardless of the implementation model, modifications have to be well planned and consistent – otherwise, the company risks finding itself in a difficult situation.
The transition should be planned for a reason as well, as it will simplify their economic efficiency assessment.
It is quite hard, or even completely impossible, to instantly switch from the old to the new, especially when we are talking about a large company with a complex structure and elaborate processes. Within a certain period of time, it will probably be necessary to ensure the simultaneous functioning of a number of old system components with new ones.
At Lvivity, we are convinced that progress in small steps is a key factor that allows you to reduce risks. It is necessary to replace old systems with new services carefully, creating integration interfaces and transitional solutions.
Nearly 80% of organizations surveyed by Accenture are concerned about disruption and competitive threats, specifically the ones posed by digitally enabled market entrants. However, many organizations are still hesitant to transform: 22% of organizations are either just investigating this opportunity or not planning to transform at all, according to Forrester.
Enterprise digital transformation is a challenge not all organizations can handle (or afford, for that matter). It could take months just to come up with the right digital transformation strategy, including the planning of its implementation.
As a result, by the time you are ready to get started, your needs and objectives might be completely different due to the fast-paced market environment. Luckily, there’s a way to keep your business up to date with the market requirements without putting its very existence at stake. So, if you are also currently at the crossroads of your digital transformation, then read on.
There are dozens of reasons why digital transformation should be a strategic priority: it helps you stay competitive in your niche, improves customer experience and, as a result, increases your revenue while cutting operational costs. The list goes on and on.
Yet, when it comes to enterprise digital transformation, it’s not all that simple. There are certain limitations and digital transformation risks that established companies should take into account.
As mentioned above, digital transformation initiatives can take months if not years to implement. Accordingly, it won’t help you stay competitive in a fast-paced market. Your agile, tech-savvy competitors, mostly startups, will come up with a solution to meet the audiences’ needs before you can even draft your digital transformation plan.
Moreover, the process itself is also very unlikely to be completed, even if you have enough time and resources on your hands. …Read More
Turn the clock back to the 1990s, and the concept of an organization launching its own corporate intranet site for employees was a hot topic.
Spurred on by the explosion of the internet and greater use of technology as a communication medium in the workplace, many businesses were excited by the prospect of an advanced technological tool with which to communicate directly with their employees.
Fast forward to today, and you won’t be surprised to hear that the notion of the corporate intranet site is fading, and more than that, it is very unpopular in organizations that are still using it. This seems to be a global trend that is common across all industries.
Essentially, intranets were designed to be a virtual meeting place for employees. They allowed employees to keep in touch with business developments through news updates, share information and knowledge, and work more collaboratively with colleagues across other departments.
The idea was that all important and useful company information was housed in one place for maximum ease and efficiency. Corporate intranet sites grew rapidly in popularity, but have been slowly declining for a number of years now.
At face value, the decrease in popularity of intranets is puzzling. The benefits are clear on paper, and there’s no doubt that the business world is continuously moving towards a more streamlined, collaborative ethos, with technology being a key factor. However, look more closely, and there are some fundamental flaws with the concept of intranets and how they fit in today’s modern workplaces.
First, it’s important to recognize that it’s not the collaborative nature of organizations that has changed – if anything, this focus is increasing and shows no sign of slowing down. It’s actually the type of digital …Read More
Back when the cloud was “the next big thing,” skeptics questioned its reliability, its durability and, above all, its security. Over time, each concern has been addressed and largely resolved. The wisdom of off-premises computing is now almost a given.
But cloud computing isn’t a religious issue. We can believe that moving critical applications and mission-critical data off local gear is strategically smart, safe and cost-effective, and still acknowledge that growing pains have tested, and will continue to test, the model. With the cloud’s maturity comes some degree of ossification and even inefficiency.
Over the years, I’ve sought to debunk myths and hype around cloud computing’s flavors of the month: public, private, hybrid, fog, etc. They all taste great. They’re all less filling. My point has been that terminology too often masks an intention to fix things that aren’t broken, to repackage and sell things that already exist and work well, and to find alternatives to solutions that have proven themselves eminently capable of enhancing business processes.
As Upton Sinclair memorably put it, “it is difficult to get a man to understand something, when his salary depends on his not understanding it.” Because the tendency in technology is to tease the Next Next Big Thing, the temptation to apply a bear hug to the latest and greatest can be hard to resist, whether or not we fully know what we’re embracing.
That’s where we are with edge computing. Before this bit of jargon fully morphs into a way of doing business, IT consumers, IT professionals and IT pundits all need to understand what it is substantively and where it lapses into change-for-change’s-sake.
Recent headlines underscore the point: “Michael Dell: Why edge computing could be the next big thing”; “Edge Computing: The next big thing in networking …Read More