Hiển thị các bài đăng có nhãn technology trends. Hiển thị tất cả bài đăng
Hiển thị các bài đăng có nhãn technology trends. Hiển thị tất cả bài đăng

Thứ Hai, 2 tháng 1, 2023

7 ways CIOs can build a high-performance team

 Having a clear vantage point within the organization, CIOs play a vital role bringing together engaged and motivated employees to work toward a common outcome, increase productivity, and achieve better business outcomes. Many CIOs know that a high-performance team is usually greater than the sum of its parts, comprised of talent with highly complementary skills, a broader set of objectives than other teams, and fine-tuned approaches to collaboration and communication. Parallels with sport are often drawn in that simply getting the greatest players together doesn’t guarantee the greatest team because each member has a different function, and each function requires different competencies. The key is understanding where the opportunities lie and how varying strengths can dovetail with each other. That’s when a high-performance team takes shape. 

Here’s a look at some of things that modern CIOs do to assemble a high-performance team to maximize potential.

Focus on the human element

According to Robert Brine, director for cyber and intelligence solutions at Mastercard SA, many businesses focus too much on the technology and struggle with the human element. But if business leaders want to attract and retain talent, they have to think about people. If you have a Formula One team and you spend all your money on the car but your data analyst working in the background has to use an old, beat-up laptop, they’re going to struggle to deliver the insights the team needs to perform optimally.

Prioritise culture

When talking about people, you have to think about business culture, so approach it with the same care and dedication you would developing any other asset, says Seugnet van den Berg, founder of South African IT and management firm Bizmod. “In the new world of work, companies with an attractive culture have a strategic advantage over companies without one,” she says. Culture is not a one-off activity, she adds, it’s a journey and should be maintained and reinforced regularly over time.

Also, take a look at some of your most recent projects and do a critical evaluation of how well you fared, advises Brine. “In asking how well different members of your team were able to handle different tasks, you can develop a list of skills shortages that need to be addressed right away.” And then do the same exercise with an eye on the future, he adds.

Future fit your employees to retain them

“Keeping the right people in a very competitive job market is a challenge we share with many tech companies today,” notes David Cohn, CIO at supermarket retailer Shoprite Checkers. This situation has become exponentially more challenging with the explosion of investment in, and use of, technology since the start of the pandemic.

According to Cohn, addressing this starts with knowing your people and understanding what different individuals want from their career. “We encourage our employees to take ownership of their career paths and empower themselves,” he says. “It’s up to them to determine what training they require and then we work with them to make it available.” As part of this, Checkers’ management and leaders do their best to ensure that various structures are in place to allow for successful learning. Again, it comes back to listening to people, he says.

Enable room to grow

People want to grow and change, and good business leaders are willing to give them the opportunity to do so,” adds Cohn. Here, you can get HR involved, encouraging them to bring their expertise and ideas to the table to help you come up with the right approach to training and employee development.

In addition, it’s important to remember that an empathetic leader understands that people come from different places and therefore won’t grow and develop in the same manner. Modern CIOs must approach upskilling and training with this reality in mind, advises Benjamin Marais, CIO at financial services company Liberty Group SA.

You also need to create opportunities that expose your employees to what’s happening outside the business, suggests van den Berg. This is especially true where it pertains to future technologies and skills because if teams know what’s out there, they better understand what they need to do to keep up.

Put your best foot forward

Given the rise in competition for skills in the market, you have to demonstrate your best when trying to attract top talent and retain them, stresses Cohn. Today’s candidates aren’t only looking for an employer who will help them achieve their career goals, they also want their work to align with their personal values and beliefs, adds Fred Swanepoel, CIO at Nedbank.

“Obviously, people are looking for a competitive package,” he says, “but we believe people are equally attracted to purposeful growth and meaningful work.” Prospective employees want to know what the organization does, so you need to talk about and promote the exciting projects being worked on so they can get a glimpse of what they’d do if they join the business. They’re also interested in what other talent is joining and the type of talent that already works for the business. “They want to know what the organization looks and feels like to decide for themselves if it’s a good fit,” he adds. “This is why diversity, equity and inclusion—a key focus area for most businesses—is so important.”

“With the CIO being promoted from the basement to the boardroom, we now have a seat at the leadership table and must transform the information we have into something the business can use to learn, grow and make better decisions from in the future,” says Swanepoel. “Today, you can’t pass yourself off as a CIO if you’re not central to how the organization operates. And as such, I think the CIO is equally responsible for an organization’s mindset, behaviour and culture because they have all the data around how the business has been doing in these areas in the past.”

Turn failure into a positive

If you want to build a high-performance team, you have to not only embrace failure but encourage it. This mindset is essential so you can use each setback as a learning opportunity. “You have to be okay with making mistakes, with failures and with pushing each other harder so you can turn stumbling blocks into successes,” says Swanepoel.

If you aren’t sure about something new, don’t be afraid to ring-fence it as an experiment and give it a try, adds van den Berg. “Employees love being part of something new when it’s framed as an experiment and when they understand that the purpose is to see how it works, to determine if it will work for us and to decide what we can learn from it,” she says.  

Embrace fusion teams

Gone are the days when IT was a standalone department not integrated within the rest of the enterprise, outlines Marais. As a result, the role of the CIO is to foster new ways to work and build fusion teams so ideas flow. Fusion teams are multidisciplinary that blend technology and business domain expertise and share accountability for business and technology outcomes.

A typical fusion team may include roles such as product owner, scrum master, developers and domain experts. These cross-functional teams not only help the business think more broadly, but bring new ideas and solutions to the table in times of crisis. Swanepoel agrees. The new world of work is all about multidisciplinary interaction, he says. This makes it important to rethink how we organise our business—moving away from grouping people by business function and instead grouping them based on shared outcomes. This also means putting a greater emphasis on soft skills. 


Chủ Nhật, 13 tháng 11, 2022

How Digital Twin Technology Can Help Retail CIOs

 It’s fair to say that retailers have ridden out a decade of dramatic shifts, with more inevitably to come. Beyond the initial swing from brick-and-mortar to e-commerce, the pandemic has fueled the acceleration of consumers’ omnichannel expectations and exacerbated macroeconomic headwinds, including inflation, labor and inventory issues—underscoring the critical need for retail resilience.

Thứ Hai, 18 tháng 7, 2022

How Should You Build Your Software? Focus on the Customer Experience!

As a software entrepreneur looking to achieve optimal customer satisfaction, you want to focus on customer experience.

If you're in the software development industry, you probably understand why customer experience is critical. Many established corporations understand this and commit themselves to enhancing user experience and work hard to improve it. For example, research shows that 86% of clients will pay more if the user experience is top-notch. As a software entrepreneur looking to achieve optimal customer satisfaction, you want to focus on customer experience.

Thứ Hai, 27 tháng 6, 2022

What is blockchain and what does it mean for your business?

The technology behind Bitcoin has the potential to revolutionize how business is conducted. It’s called blockchain, and there’s a race on to develop applications for it across a wide array of industries.

BDC senior economist Gillian Elias answers 5 common questions about blockchain and how it can impact doing business.



1. What is blockchain and how does it work?

Simply put, blockchain is a continuously updated digital record of who holds what. Information about transactions—the time, date, dollar value and the participants involved—is encrypted into a “block” that is linked to other blocks to form a chain.

There is no one central authority controlling the blockchain and that’s one of the reasons why Bitcoin and other cryptocurrencies are so fascinating. Everyone in a blockchain has access to the same information, providing transparency and continuous reconciliation.

Because it exists on many computers, there is no centralized version of the information for a hacker to attack. This means it’s no longer necessary to have a trusted third party verify information about you and a transaction you want to make.

2. What are some real-world examples of blockchain technology?

The financial services industry is beginning to use blockchain to develop new services and save on costs. For example, the Australian stock exchange recently announced it would begin using blockchain to settle transactions. The technology will be used to record shareholdings and manage the clearing and settlement of equity transactions.

Another example of blockchain in financial services comes from a firm called Abra. It’s a money transfer platform that allows workers abroad to send money home in 54 different currencies. Workers can send money back home quickly and more cheaply by using the platform, compared with a traditional service provider such as Western Union, which charges fees that average 7% of the amount sent, according to the World Bank.

Another blockchain project involves the World Wildlife Fund and three companies that are collaborating to sustainably source tuna in the Pacific Ocean. ConsenSys (a blockchain company), TraSeable (an IT firm) and SeaQuest Fiji (a tuna fishing and processing company) are using a blockchain to track where, when and how tuna are caught and sold.

From fishers to brokers to your local fishmonger or grocery store, each transaction is recorded on a blockchain. This allows consumers to be sure that they are buying good-quality, legally caught, sustainably fished tuna.

3. What does it mean for entrepreneurs?

Several major corporations are investing in blockchain, including Microsoft, IBM (with more than 400 blockchain projectsaround the world), Unilever and Toyota. But blockchains won’t impact just large corporations; your company may be affected in the not-too-distant future.

If you’re in the business of verifying transactions of any kind, investigate how blockchain could impact your company. Just consider the threat to the business of clearing and settling stock trades to see that the disruption to many back-office functions and other services could be substantial.

Assuming you belong to some sort of supply chain, your partners may ask you to start digitally tracking your processes. Especially if you’re a supplier to large companies, start thinking about where you fit into your customers’ supply chains and how you might be asked to participate in a blockchain.

If you’re a supplier to either consumers or other businesses, could you benefit from tracing your products back to their source? Think of the premium prices that a fishmonger selling guaranteed sustainable tuna might be able to charge.

4. How can it help track goods and make payments?

In supply chain logistics, the combination of blockchain, smart contracts, and the Internet of Things will allow companies to track shipments and make payments when certain conditions are met (i.e., a product is delivered). Maersk, the world’s largest shipping company, began testing blockchain a year ago to track its cargo in conjunction with Dutch customs, the U.S. Department of Homeland Security and the company sending the goods.

Smaller companies could use this technology as well. Imagine a grocery store whose inventories are getting low. Smart containers holding the goods could be programmed to inform a wholesaler that they need to be restocked. The wholesaler would notify a trucking company to pick up the goods and deliver them to the retailer. Each step would be recorded and payments made via a blockchain because all would be verified.

5. Does blockchain have the potential to be widely used?

Despite all this potential, we are still in the early days of the blockchain. Three key issues need to be resolved before it goes mainstream. They include energy use, processing speed and interoperability across blockchains.

Verifying transactions to add to the blockchain is energy-intensive because of the computer power required to do all the computations, solving equations by trial and error. Technology firms are working on solutions to maintain the security but reduce the energy consumption.

Because of all the computations involved, the processing time is slow. But researchers are working on ways to simplify calculations and increase the number of transactions.

Currently there are many blockchains—some public, some private—that don’t talk to one another. The next generation of blockchain technology will likely address this issue.

Blockchain has the potential to transform many industries. As a stand-alone technology, it can verify and track transactions. In conjunction with the Internet of Things and smart contracts, it can speed up transactions.

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Article source: https://www.bdc.ca/en/articles-tools/blog/what-is-blockchain-what-does-it-mean-for-your-business

Metaverse giants form new standards to address lack of interoperability

Big-name tech companies such as Meta, Microsoft, and Epic Games have formed a standards organization called the Metaverse Standards Forum (MSF). This is meant to be a group that creates open standards for all things metaverse, including virtual reality, augmented reality, and 3D technology.

Over 30 companies have signed on, some of which are deep in metaverse technology like Meta itself. Others include Nvidia, Unity (the creators of the popular game engine), Qualcomm, Sony, and even the web standards organization itself — the Worldwide Web Consortium (W3).




“The Forum will explore where the lack of interoperability is holding back metaverse deployment and how the work of Standards Developing Organizations (SDOs) defining and evolving needed standards may be coordinated and accelerated. Open to any organization at no cost, the Forum will focus on pragmatic, action-based projects such as implementation prototyping, hackathons, plugfests, and open-source tooling to accelerate the testing and adoption of metaverse standards, while also developing consistent terminology and deployment guidelines.”

This seems to imply that many of the future technologies created for the metaverse will include some level of interoperability between companies. That doesn’t mean the metaverse will be the Internet 2.0, but it may allow users to use certain profiles or data across metaverse platforms. In fact, this is directly stated in the press release:

“The metaverse will bring together diverse technologies, requiring a constellation of interoperability standards, created and maintained by many standards organizations,” said Neil Trevett, Khronos president. “The Metaverse Standards Forum is a unique venue for coordination between standards organizations and industry, with a mission to foster the pragmatic and timely standardization that will be essential to an open and inclusive metaverse.”



Besides the W3, other standards organizations have also joined the Forum, such as the Open AR Cloud, Spatial Web Foundation, and the Open Geospatial Consortium. This gives a lot of weight and much needed legitimacy to the organization, as the metaverse is very much a burgeoning field of technology.

Interestingly, major VR/AR players are conspicuously missing at the moment. Apple, who has already invested much in AR technology and is planning its own headset, has not yet joined the MSF. Niantic, maker of popular AR game Pokemon Go, is also missing from the roster. Protocol also points out that the Roblox Corporation, maker of the wildly successful Roblox game, has also declined to join for now.

While not considered a “metaverse” in the popular usage, Roblox in particular has been able to create an immersive 3D world where people can create entire games within it.

The exclusion of Apple, Niantic, and Roblox isn’t a forgone conclusion, however, as the MSF has just begun. The good thing is that most of the major players in the metaverse tech are agreeing to create some kind of unified standard to make development much easier. The press release named several important technology fields, including avatars, privacy and identity management, and financial transactions.

The Metaverse Standards Forum is scheduled to begin meeting next month.

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Article source: https://www.digitaltrends.com/computing/metaverse-standards-to-address-interoperability/

Thứ Ba, 22 tháng 6, 2021

Quantum Software Development Is Still In Its Infancy

Quantum Software Development Is Still In Its Infancy

There is a race being run these days, and it features established giants as well as well-funded newcomers. Companies such as IBM, Intel, Google, Honeywell, Xanadu, IonQ, Rigetti and Alibaba are racing to build ever-more-powerful quantum computers. They appear well-justified to do so. Quantum computing promises to dramatically impact numerous fields — from cybersecurity to finance, from supply chain to pharmaceuticals, from defense to weather forecasting.

Thứ Năm, 10 tháng 6, 2021

Low-Code And No-Code In 2021: Are They As Useful As They Seem?

Low-Code And No-Code In 2021: Are They As Useful As They Seem?


In the late 1990s and early 2000s, financial services companies were aggressively looking for talent with experience in Business Process Management (BPM) / Business Process Outsourcing (BPO). The need for skilled people was incredibly robust and there were more available roles than potential candidates. Some reports even characterized hiring processes as “trespassers would be recruited.”


Thứ Năm, 20 tháng 5, 2021

Artificial Intelligence And The Future Of Humans

Artificial Intelligence And The Future Of Humans

Artificial intelligence is already impacting virtually every industry and every human being. This incredible technology has brought many good and questionable things into our lives, and it will create an even bigger impact in the next two decades.


How Digital Technology Changed The Face Of The Mortgage Industry

How Digital Technology Changed The Face Of The Mortgage Industry

The rise of digital technology ushered in a new era for the mortgage application process as borrowers took advantage of historically low interest rates and lenders embraced digital mortgages more than ever before. 


Chủ Nhật, 9 tháng 5, 2021

How To Be More Productive With Scheduling Software

How To Be More Productive With Scheduling Software

Using scheduling software is almost guaranteed to improve your time management. However, not everyone is using this technology to its full potential. It’s like buying a new Ferrari and only ever driving it five miles under the speed limit.


Thứ Tư, 5 tháng 5, 2021

Vodafone using Google's cloud and AI to retain customers

Vodafone using Google's cloud and AI to retain customers

Vodafone is teaming up with Google to develop a cloud-based data platform to help telcos find new opportunities and improve relationships with customers.

Vodafone using Google's cloud and AI to retain customers

Thứ Tư, 28 tháng 4, 2021

What is Blockchain? We explain the technology of blockchains

What is Blockchain? We explain the technology of blockchains

As a secure, distributed ledger, well-designed Blockchain technology not only eliminates intermediaries, reduces costs, and increases speed and reach, but also offers greater transparency and traceability for many financial processes.


Chủ Nhật, 4 tháng 4, 2021

The future of cryptocurrency

The future of cryptocurrency

The evolution of currency

Some time ago, people traded goods and services, directly, through a system of bartering. Over time, and in order to speed up and standardise transactions, currencies began to form.


Thứ Hai, 22 tháng 3, 2021

Creating A Mobile App For Your Business? 14 Ways To Keep Consumers Coming Back To It

Creating A Mobile App For Your Business? 14 Ways To Keep Consumers Coming Back To It

To appeal to today’s on-the-go world, many businesses have considered the value in creating a branded mobile application for their customers. In theory, it's a great idea—but app fatigue is very real, and if you don't want users to delete your app after a few uses, you need to give them a good reason to keep coming back.


Thứ Hai, 15 tháng 3, 2021

Fix The Weakest Link In Most Digital Transformation Initiatives

Fix The Weakest Link In Most Digital Transformation Initiatives

As our lives become increasingly digitized, software providers are becoming more specialized. This allows them to enter untapped markets, develop targeted solutions that address a specific set of customer needs and forge strong relationships with those customers. As competition intensifies in niche markets, companies need to know how to scale sustainably.


If Any Of These Apps Are On Your Phone, Delete Them Now

If Any Of These Apps Are On Your Phone, Delete Them Now

An urgent new warning for Android users today. Eight “dangerous” apps have been found on Google’s Play Store that can steal your banking details and even bypass two-factor authentication. If you have any of these apps on your phone, you need to delete them immediately and check your bank accounts for any suspicious activity.


Thứ Ba, 9 tháng 3, 2021

4 Blockchain ETFs For 2021

4 Blockchain ETFs For 2021

Blockchain has been riding the bitcoin wave in 2021, but some blockchain ETFs are better than others.

With bitcoin prices soaring, ethereum producing even bigger gains and dogecoin becoming Elon Musk's digital coin of choice, the spotlight on cryptocurrencies have perhaps never been higher.


Thứ Ba, 2 tháng 3, 2021

Watch Your Business Bloom: Digital Transformation Via An ERP

Watch Your Business Bloom: Digital Transformation Via An ERP

If the past year has taught us anything, it’s that you must be ready to adapt to whatever comes your way. Having the right digital tools can mean the difference between a company falling behind or thriving in these unprecedented times. So, how can a truly great enterprise resource planning (ERP) system allow a business to bloom rather than wilt? Let’s take a look.


2021 DevOps Predictions For The Software-Powered World

2021 DevOps Predictions For The Software-Powered World

The developer community has scaled quickly. Its presence and growth have driven change in many industries. Moving forward, I think we'll see organizations pay more attention to developers and have a greater understanding of how important they are in decision-making.


Digital Transformation In Supply Chain Management

Digital transformation is a term that is thrown around a lot, and people have different ways to interpret what it means. Essentially, digita...