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Digital Transformation
News & Views
THE FDA NEEDS YOUR FEEDBACK - on Regulations for AI based Healthcare
Here is the Issue: As AI, in Healthcare applications, learns from more data, it evolves. So how frequently should the FDA need to re-approve the application or device as it evolves and morphs into something other than what was originally approved ? FDA is proposing a life cycle approach. Your feedback is needed for the proposed Regulations.
Privacy linked to competition in German Regulatory Ruling on Facebook
On Thursday, Germany’s Federal Cartel Office, the country’s antitrust regulator, ruled that Facebook’s requiring consumers to agree to its data collection practices in order to have an account, was anticompetitive and has prohibited the practice going forward. It also ruled that such data collection was not essential to Facebook delivering its services. This could have profound implications for Facebook’s business model and its future.
RPA? Everything you ever wanted to know, but were afraid to ask!
Robotic process automation is a technology that is being widely hyped in the media and actually being adopted by many companies. If you have ever wondered what it really is, read on!
Data Breach? The largest public data breach by volume revealed
The biggest ever data breach has been reported, in terms of the volume of data exposed. Dubbed 'Collection #1', the data loss extends to 772,904,991 unique emails and 21,222,975 unique passwords having been exposed.
What is 5G? Here’s everything you need to know to Keep Up.
5G will start to fundamentally change the way humans live! It will move us from Automation to Autonomous. This excellent compilation of 5G tid bits is yours for the reading...
6 Surprising AI applications in business to get your ideas from.
Artificial Intelligence used to be the stuff of Science fiction. It is here now. Business News Daily spoke with six companies rolling out AI products that will recalibrate and streamline everyday business operations.
The Top 5 Jobs in Artificial Intelligence with the most vacancies in 2019
| The Job Title | Number of vacancies |
| AI architect | 3,000 |
| AI product manager | 1,400 |
| Data scientist | 25,000 |
| Software engineer | 136,000 |
| Software engineer | One for every AI application? |
Source: Business News Daily
Digital Ecosystem and the Importance of understanding it
Every industry is fast becoming an open, expansive network of digitally connected ecosystem of business partners. So, it’s important to adjust your organization’s role in this digital ecosystem, to enable that ecosystem to drive added business value. In a survey of IT 100 decision makers, 54-57% said integration deficiencies contributed to a loss of between 50 and 150 orders and between $250,000 and $500,000 in revenue each year.
The 4th. Industrial Revolution - at a classic Glance..
The First Industrial Revolution used water and steam power to mechanize production. The Second used electricity to create mass production. The Third used electronics and information technology to automate production. Now a Fourth Industrial Revolution is under way fusing the physical, digital, and biological with technology evolving at a pace, scale, scope, and complexity to disrupt and change not only the way we live and work but life itself.
Digital Transformation? Its later than you think.. Better read this!
Digital reinvention adds 1.8% to EBITDA growth while failure to adapt can shrink EBITDA by 8% per year. Only 15% of firms are sufficiently digitally adaptive and about 20% are barely started if at all. The remaining two-thirds generate only 10% to 15% of revenue through digital. This could foretell a huge shakeout. Mckinsey, a consulting company that conducted the research, suggests 6 catch up strategies laggards can adopt for survival.
Courtesy World News
Digital Transformation
News & Views
THE FDA NEEDS YOUR FEEDBACK - on Regulations for AI based Healthcare
Here is the Issue: As AI, in Healthcare applications, learns from more data, it evolves. So how frequently should the FDA need to re-approve the application or device as it evolves and morphs into something other than what was originally approved ? FDA is proposing a life cycle approach. Your feedback is needed for the proposed Regulations.
Privacy linked to competition in German Regulatory Ruling on Facebook
On Thursday, Germany’s Federal Cartel Office, the country’s antitrust regulator, ruled that Facebook’s requiring consumers to agree to its data collection practices in order to have an account, was anticompetitive and has prohibited the practice going forward. It also ruled that such data collection was not essential to Facebook delivering its services. This could have profound implications for Facebook’s business model and its future.
RPA? Everything you ever wanted to know, but were afraid to ask!
Robotic process automation is a technology that is being widely hyped in the media and actually being adopted by many companies. If you have ever wondered what it really is, read on!
Data Breach? The largest public data breach by volume revealed
The biggest ever data breach has been reported, in terms of the volume of data exposed. Dubbed 'Collection #1', the data loss extends to 772,904,991 unique emails and 21,222,975 unique passwords having been exposed.
What is 5G? Here’s everything you need to know to Keep Up.
5G will start to fundamentally change the way humans live! It will move us from Automation to Autonomous. This excellent compilation of 5G tid bits is yours for the reading...
6 Surprising AI applications in business to get your ideas from.
Artificial Intelligence used to be the stuff of Science fiction. It is here now. Business News Daily spoke with six companies rolling out AI products that will recalibrate and streamline everyday business operations.
The Top 5 Jobs in Artificial Intelligence with the most vacancies in 2019
| The Job Title | Number of vacancies |
| AI architect | 3,000 |
| AI product manager | 1,400 |
| Data scientist | 25,000 |
| Software engineer | 136,000 |
| Software engineer | One for every AI application? |
Source: Business News Daily
Digital Ecosystem and the Importance of understanding it
Every industry is fast becoming an open, expansive network of digitally connected ecosystem of business partners. So, it’s important to adjust your organization’s role in this digital ecosystem, to enable that ecosystem to drive added business value. In a survey of IT 100 decision makers, 54-57% said integration deficiencies contributed to a loss of between 50 and 150 orders and between $250,000 and $500,000 in revenue each year.
The 4th. Industrial Revolution - at a classic Glance..
The First Industrial Revolution used water and steam power to mechanize production. The Second used electricity to create mass production. The Third used electronics and information technology to automate production. Now a Fourth Industrial Revolution is under way fusing the physical, digital, and biological with technology evolving at a pace, scale, scope, and complexity to disrupt and change not only the way we live and work but life itself.
Digital Transformation? Its later than you think.. Better read this!
Digital reinvention adds 1.8% to EBITDA growth while failure to adapt can shrink EBITDA by 8% per year. Only 15% of firms are sufficiently digitally adaptive and about 20% are barely started if at all. The remaining two-thirds generate only 10% to 15% of revenue through digital. This could foretell a huge shakeout. Mckinsey, a consulting company that conducted the research, suggests 6 catch up strategies laggards can adopt for survival.
Digital Transformation?
It is easier Said than Done
Obstacles are major and many.
Conceptual – The Objectives are Strategic not just Technical
Organizational – There will be Winners and Losers
Security – Lapses hit the Boardroom – no second chance.
Budgeting – Opportunity Costs are hard to quantify
Legacy Systems – Old habits and sunk costs are hard to shed
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Find out what your peers are doing to enhance the customer experience starting from the use of analytics to better understand customer needs and preferences, to using omni-channel strategies for customer contact & conversion, to superior digitally enhanced customer service.
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Check out the amazing operational gains being made in your industry through digitalization. Learn about reducing the use of pesticides by 90% in one agribusiness case, or a 40% waste reduction in a chemical process, or a 30% reduction in costs through worker enablement AR, or a 60% savings in a back office operation with RPA.
See how companies are modifying their business through omni channel marketing and changing their value proposition through digitalization, e.g, selling their products as a service, or how completely new businesses are being started and how smaller companies are going global through digital pathways.
No business is an island. Every business relies on essential trade services be they trade credit, trade credit insurance, marine insurance, supply chain & logistics, payment systems & transfers, recruitment etc.. They too are all automating and your business needs to interface with them seamlessly.
With digital maturity comes cyber security needs that cannot be ignored. The vulnerabilities are not just operational, they are strategic as well. The risks need to be conceptualized before they can be addressed. Your social media and search engine positions now need to be protected just as much as your ERP systems.What you Need is What you Get from BIZ-FAQ
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Check out our vetted list of providers of Digital Products and Services that you need for Digital Transformation. From CRM to CPQ, from ecommerce to omni-channel, from supply chain to block chain, ePay to ebanking, from credit to credit insurance, from RPA to AI, from iiot to 3D printing – we have the best provider options for you to consider. Join FREE !
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Check out what is happening with Digital Transformation in your neck of the woods. All from publicly available information - you will be surprised how much there is! Are you falling behind your industry peers? These are invaluable insights! Join FREE !
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