Gartner Top 10 Strategic Technology Trends for 2018

This Gartner’s article describes 10 Technology Trends for 2018:

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Bitcoin just passed $5,000

This morning bitcoin shot past $5,000, and is now hovering around $5,300 — up nearly 10 percent from yesterday. Ironically, this morning on the company’s earnings call, JP Morgan’s CEO Jamie Dimon said he’s “not going to talk about bitcoin anymore.” This comes a month after his original comments calling bitcoin “a fraud,” which caused the price to drop 5 percent.” So what’s next for bitcoin? Read more

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On the Road to Self-Sovereign Identity

In the upcoming world of self-sovereign identity every person, organization, or thing will have its own truly-independent digital identity that no other person, company, or government can take away.  Consider this scenario: “Let’s say ‘Sam’ is applying for a car loan with ‘Acme Bank. The Bank needs to know that Sam is trusted and can afford the car. Today, he would fill out a loan application and provide his personal information. In the new world, this is no longer necessary. If Sam’s employer is a provider of verifiable claims in the blockchain identity network, the employer can attest that Sam is employed with them and makes more than $50,000 a year.” Read more here and here

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Seven Reasons to Model Your Business Decisions

Jan Purchase just published an article “Decision Modeling: The Bottom Line“. In particular, he writes: “Decision Models are not just about requirements. The precision of the decision logic view means that decision models can be directly executed. Therefore they can be tested against real business data and even deployed into productions systems without the need for developers to translation them into code. This model-driven approach to decision architecture reduces errors and allows for rapid change in decision-making—it provides safe agility for business decision-making and ensures that your specification of decision-making is always specific and consistent with the implementation.” Then Jan gives 7 specific reasons why to model your business decisions.

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The Seven Deadly Sins of AI Predictions

On Oct. 6 Rodney Brooks published a paper with this title in the MIT Technology Review. He writes: “A lot of AI researchers and pundits imagine that the world is already digital, and that simply introducing new AI systems will immediately trickle down to operational changes in the field, in the supply chain, on the factory floor, in the design of products. Nothing could be further from the truth. Almost all innovations in robotics and AI take far, far, longer to be really widely deployed than people in the field and outside the field imagine.Continue reading

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Five Guiding Principles for a Digital Transformation

Despite more than 20 years of business digitization history, only 28% of established companies have successfully digitized. Jeanne Ross from MIT Sloan suggested five guiding principles to get started on a real digital transformation:

  1. Don’t hand off responsibility for your digital transformation to your IT unit. This is a business transformation. If you think IT can make it happen, the game is over!
  2. Do engage IT leaders in defining your vision and mapping your initiatives
  3. Bring in professional help
  4. Be persistent and patient
  5. Prepare to co-create with customers. Read more
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Five V’s of Decision Management

A new article by Koen Smit discusses 5 characteristics of operational decision management:

  1. Volume corresponds to the number of times a decision is made within a certain time period
  2. Velocity represents how fast a decision must be taken
  3. Variety corresponds to the variety in execution paths of a decision
  4. Veracity denotes the accuracy with which a decision should be taken
  5. Value indicates the value that the decision represents for the organization.
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