- Posts tagged Information Technology
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Cloud computing - impact and barriers
The World Economic Forum is the well established independent watchdog for major developments in global economies, businesses, technology and humanity. Every year global leaders convene to review global developments and agree on action plans to make the world a better place.
Watch this video by the World Economic Forum on the impact Cloud computing has on our economies and the barriers, which may hinder its global success.
Enjoy!
Posted by Wolf Schumacher
Disruptive innovation as a competitive advantage
Clayton Christensen is an acclaimed Harvard Business School Professor and author, who concentrates on innovation, particularly disruptive innovation, as a source of competitive advantage, economic growth and wealth creation.
In this video he discusses new ways of using technological innovation for jumpstarting business success. Maybe due to his personal experiences as a recent survivor of several major health scares his examples in this video, produced by HSM Global, draw heavily from the health sector, but do apply to other industries, such as financial services and accounting.
Enjoy!
Posted by Wolf Schumacher
Steve Jobs and Bill Gates in a joint interview
Watch eleven consecutive parts of a rare interview, which the two IT market leaders and innovators brought together in 2007.
Great memory of Steve Jobs (RIP), answering questions and reviewing with his biggest competitor, but also friend and colleague, Bill Gates, past, present and future of the tech industry and their high profile tech companies Apple and Microsoft.
Enjoy!
To see the thumbnails (playlist) of the 11 concatenated videos, move the video scrolling bar to the far right, once you've started the video.
Posted by Wolf Schumacher
Technology's role in providing superior service
A recent insightful article about 'How bad words can sometimes be a good thing in marketing', published by our favorite online mag 'strategy and business', led us to the great work of an organisation by the name of 'Up Your Service'. They help other organisations worldwide to introduce and improve on their service cultures. One of their excellent training videos concentrates on the role technology can play for providing excellent service.
The message of this video nicely coincides with how we look at clients using 'RSDataWeb', our automation and integration technology. All our clients' hard -tiring, boring and error prone- manual tasks are being replaced or eliminated with our web based technology, leaving ample room for our clients' employees and managers/partners to truly concentrate on their clients' needs and expectations.
Enjoy!
Posted by Wolf Schumacher
Cloud computing changes enterprise IT
In this ingenious video, Lee Geishecker, VP of Research at Saugatuck Technology, discusses how new Cloud Business Models are changing the landscape of IT in modern enterprises. Lee correctly states that in today’s technology and business environment it is not a question of if, but how and when Cloud computing is introduced. She consequently suggests a more holistic approach to enterprise IT in the Cloud.
We totally support this view for today’s businesses. We’ve designed and built our SaaS system RSDataWeb for Accounting and Advice firms in such a way that it easily integrates with a wide range of IT solutions and data sources. It forms a great basis for supporting any holistic reviews and enterprise application strategies for our target industries.
Posted by Wolf Schumacher
The role of people for successful investments in technology
In this insightful video for Specialist Finance and Accounting TV channel EVO TV’s Bottom Line program, CPA Australia’s CEO Alex Malley interviews Tim Ebbeck, current CEO and former CFO of SAP Australia / New Zealand. SAP is the largest and most influential business software firm worldwide.
Both men convincingly discuss the crucial role people play for change processes, which companies and industries are undergoing in the wake of the current waves of technological change. Enjoy!
Posted by Wolf Schumacher
Information Technology and Competition
Erik Brynjolfsson is an acclaimed IT Digital Business Professor at the MIT Sloan School of Management. Among other important topics, Erik concentrates on the economic impact of Information Technology and the Internet in particular.
Follow Erik's tweets under @erikbryn
In this very watchable and insightful video interview by the Wall Street Journal, Erik shares his views about how IT is affecting Competition between companies. Enjoy!
Information Technology - facilitator of change
The adoption of Information Technology (IT) has followed a remarkably similar path across industries. It can be mapped and helps to identify how best to respond and make the most of the opportunities. There are also some interesting similarities in the use of technology that have facilitated change in the structure of industries as they adapt to the changing competitive position and opportunities.
The formative period of IT adoption
During the formative period, industries adopt information technology as the basis for mechanizing business processes. While paper-based files are replaced with databases, everyone transitions into a data entry clerk. The processes that control fundamental data are the first to be automated and this creates silos of data in departmental systems. As the departments in a business get automated it soon becomes apparent that there is data that is common to a customer or a client and if we consolidated this we would have a better understanding of their needs.
The financial services industry will always be recognised as one of the early adopters of technology in recognition of the need to be able to rapidly consolidate and balance the books. In its early days this industry was very much focused on daily trading and after hours consolidation. In its wake other industries, e.g. the Accounting industry, followed and structured themselves similarly.
The transformational period of IT adoption
The drive to change in any industry is predominantly driven by competition and I refer to this as the ‘Transformation’ period. There are some very interesting constructs that identify and cause changes to occur, with obvious business opportunities. Firstly the industry breaks up and forms individual areas of expertise in contrast to the formative period which typifies fully integrated businesses. In the newly formed business structure inter-company communication and dependance on partners becomes a strong construct.
The use of technology moves from simply administering processes to being facilitators of process change in pursuit to become more efficient and increase competitive capabilities. This change is interesting because the relationship changes from the formative period where the relationship is mainly Buyer/Vendor to that of developing “Partnerships’. Early movers gain competitive advantage and create industry best practice. During this period we see the development of ‘Exchanges’, which are technology based environments that accommodate business processes, workflows and inter-party communications to enable the consolidation of information in real time.
This is the approach taken by Reward Super who have used their domain knowledge of the super administration sector along with their business processing capability to use technology as the basis of a sophisticated exchange services that brings together the data required in a timely manner to ensure an accurate consolidated analysis of self-managed superfunds.
Towards the consumer period of IT adoption – cloud computing
Running this as a service is another trait of the transformational period and a foundation of the next stage of technology adoption that I refer to as the ‘Consumer’ period. This is when the new mobile technologies that have become a ubiquitous part of our lives are also the means by which we can make and communicate decisions as well as receive timely information and prompts to exercise options or make decisions. We definitely want to know that our information is being held safely and securely but we don’t really need the responsibility of having to house and manage the data and systems ourselves. These can and should exist where possible in what we are now all becoming familiar with - ‘The Cloud’.
Author: Denis Tebbutt, Managing Director Dudley Mann International, (former CEO InterSystems Corp Australia NZ)
