Business strategy involves making choices. And such choices are often made with some assumptions. Choices made as part of the strategy translate into initiatives or operations. While organizations monitor the progress and performance of initiatives/operations, there is usually not enough focus on monitoring indicators that validate the assumptions. In the fast-changing world we are in […]
Category: Operational Excellence
Many of us use virtual assistants like Siri, Cortana, and Alexa. Cognitive technologies that power these solutions help do things that were once thought only people could do. With increased digitization, we have more data than we can fathom. Solutions built on cognitive technologies can convert vast and complex data into actionable contextual insights in […]
“… banks have shifted from simple report submission tools such as Jack Henry to more robust data aggregation and report generation tools such as Axiom, WKFS and Lombard. Since the financial crisis, EY estimates that at least 35 of the top 50 BHCs and IHCs have implemented a report automation tool for regulatory reporting.” EY […]
Gartner predicts that large enterprise exclusive use of AIOps and digital experience monitoring tools to monitor applications and infrastructure will rise from 5% in 2018 to 30% in 2023. Gartner AIOps stands for ‘Artificial Intelligence (AI) for IT Operations’. It is the applications of AI techniques, including machine learning and advanced analytics to enhance the […]
Becoming a digital business—and achieving digital operations— is no longer simply about how we incorporate technology into our organizations; it’s about how we use technology to reinvent those organizations and reinvent operations to get out in front of the dramatic changes that technology is creating. Accenture Organizations have been investing in digitizing their operations. Rapid changes […]
McKinsey estimates that companies across all industries are already automating 50 to 70 percent of tasks, driving both operational and cost efficiencies. No wonder. IPA promises to reduce complexity, replace manual processes, and improve both organizational performance and end-user experience. Companies that lag may soon find themselves in catch-up mode and at an increasing (and perhaps enduring) […]
Operational Excellence is not just about efficiency gains and cost savings. It has much wider significance in improving overall organizational performance while ensuring a responsible focus on society and environment.