The Economist recently stated, “The world’s most valuable resource is no longer oil, but data.” And with today’s IoT (the Internet of Things) devices, industries are being disrupted, and simultaneously brought together with hyper-connected, ultra-personalized experiences. (more)
Data is king, and it isn’t more true than in the healthcare industry — where on-demand data, aided by big data and analytics, can be the difference between life and death for a patient. The healthcare revolution is on, and Solix is championing this with our cutting edge solution to optimize healthcare data costs. (more)
Are you ready for GDPR? Enforcement of the EU’s General Data Protection Regulation (GDPR) comes into effect on May 25, 2018, and most companies are now launching projects to establish enterprise data management (EDM) control processes. Failure to comply with the list of new rules regarding data security and privacy will be costly as GDPR imposes strict fines and penalties for organizations found to be in non-compliance. (more)
30 years ago Peter Drucker, the great management guru, famously said, “If you can’t measure it, you can’t improve it.” He understood the power of data to create business knowledge and drive business results in real-time. His vision remains strong today by influencing the software design that powers the data-driven enterprise. (more)
I was recently talking to a major distributor who had just gone through a tax audit nightmare. The taxes in question vary based on the location to which the goods were shipped. What should have been a straightforward audit turned into a complex, expensive process because in many cases the customer shipping addresses had changed over time, and the distributor’s ERP system, like most such systems, kept no historical records of those old addresses, so they could not guarantee that the invoices they generated for past shipments showed the actual shipping location. (more)
For companies to be data-driven, they have to be able to process the new types of Enterprise data, be it social, IoT, machine data, etc., and make real-time decisions. If companies do not evolve into data-driven organizations, they risk serious business disruption from competitors and startups. (more)
