• Data Asset

    ON DIGITAL-First Fridays: A New Asset Class Emerges. Data

    We live in a digital world. A testament to this new reality is the growing value of digital content: we design complex products, manage our pipelines, transfer cash, procure trillions, hire employees—all in the form of digital content. This is the new digital reality. Information is the new currency. The impact this is having on society, business, and government is profound. Will data replace the Dollar, the Euro, the Yen? It certainly has started to. New businesses and whole industries are emerging to support the digitalization of content. Google, Facebook, and Twitter have built their businesses on the economics of data. They’re collecting it, analyzing it, and monetizing it at great profit. Data is new digital legal tender and everyone’s getting in the game. As it is commoditized in its various formats, businesses will have to find ways to reward customers in exchange for their data. Marketers will have to be more sophisticated in their use of personal data. Individual consumers will sell their personal data to organizations that are currently benefiting from collecting vast amounts of it for free. This will become common practice. When we consider the rate of increase in the amount of data generated by today’s society, we can understand how this new business model is a lucrative one. There is more data in more formats being exchanged at faster rates than ever before. Each day, we produce massive streams of data. As a result, every digital business has data to monetize. In a digital world, organizations will use analytics to mine their data for information and insight to improve business performance, to protect against fraud and risk, to get to know their customers better, and to capitalize on new opportunities. If data is the new asset class, then analytics is the next frontier in deriving value from information, uncovering “moments of truth” that empower organizations. Analytics has the power to transform facts into strategic insights that deliver intelligence for profound impact. But where there is opportunity, there is also risk. Data is vulnerable. Like money, data can be stolen. As information grows in value, so …

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  • IOt2

    ON DIGITAL-First Fridays: The Internet of Things

  • 2016.01 Iheartfreestuff-new-660px

    5 Free Things to Help You Improve Your Information Management

  • on-digital-min

    ON DIGITAL-First Fridays: It is a Network, Not a Chain

  • shutterstock_288233360

    ON DIGITAL-First Fridays: Innovation Redefined

  • Data Asset

    ON DIGITAL-First Fridays: A New Asset Class Emerges. Data

    We live in a digital world. A testament to this new reality is the growing value of digital content: we design complex products, manage our pipelines, transfer cash, procure trillions, hire employees—all in the form of digital content. This is the new digital reality. Information is the new currency. The impact this is having on society, business, and government is profound. Will data replace the Dollar, the Euro, the Yen? It certainly has started to. New businesses and whole industries are emerging to support the digitalization of content. Google, Facebook, and Twitter have built their businesses on the economics of data. They’re collecting it, analyzing it, and monetizing it at great profit. Data is new digital legal tender and everyone’s getting in the game. As it is commoditized in its various formats, businesses will have to find ways to reward customers in exchange for their data. Marketers will have to be more sophisticated in their use of personal data. Individual consumers will sell their personal data to organizations that are currently benefiting from collecting vast amounts of it for free. This will become common practice. When we consider the rate of increase in the amount of data generated by today’s society, we can understand how this new business model is a lucrative one. There is more data in more formats being exchanged at faster rates than ever before. Each day, we produce massive streams of data. As a result, every digital business has data to monetize. In a digital world, organizations will use analytics to mine their data for information and insight to improve business performance, to protect against fraud and risk, to get to know their customers better, and to capitalize on new opportunities. If data is the new asset class, then analytics is the next frontier in deriving value from information, uncovering “moments of truth” that empower organizations. Analytics has the power to transform facts into strategic insights that deliver intelligence for profound impact. But where there is opportunity, there is also risk. Data is vulnerable. Like money, data can be stolen. As information grows in value, so …

    Read More
  • 2016.01 Iheartfreestuff-new-660px

    5 Free Things to Help You Improve Your Information Management

  • Capitol

    DoJ Delays Accessibility Rules for Document Publishers

  • genghis khan

    It’s Not Over! Genghis Khan’s Rules for Digital Government

  • Shutterstock 210116

    Applying a ‘Marginal Gains’ Approach to Improving Retail Supply Chain Performance

    Today’s retailers are under constant pressure to adapt their business strategies to meet ever changing consumer demands whilst at the same time improve the day to day performance of their supply chain operations. This blog will discuss how adopting a ‘marginal gains’ approach to implementing a B2B environment can help improve the overall performance of retail based supply chain operations. The retail industry has undergone a significant transformation in recent years. I thought it would be interesting to highlight a number of key trends that will impact the retail industry in 2016. Omni-Channel Retail Continues to Become More Pervasive – Omni-channel retailing has been one of the main trends to impact retailers in recent years. The growth in adoption of online mobile retail has changed the dynamics of consumer buying patterns and retail distribution. Even though ‘brick and mortar’ stores will continue to have a place in the high street, the ability to quickly price compare online and review online product and store details is transforming the way in which consumers choose how and where to buy their goods. Retailers therefore need to be able to source goods at competitive prices as well as ensure they are working with ‘responsive’ suppliers that can work with ever changing consumer demands. Low Price, Discount Retailers Continue to be a key Growth Segment – Price is king in the retail sector and low cost ‘brand name’ products have fuelled the growth in the discount store sector. In some countries such as the UK, the quality of the store experience in some cases has taken second place to new discount stores that can offer the same goods for significantly less. The discount store concept is built on a number of key principles, especially in relation to low overheads, simplified logistics processes and finely tuned supply chain operations. To align with the low cost dynamics of the discount stores, retailers will have to provide relatively low cost methods to seamlessly collaborate with suppliers. Retailers Invest in ‘Last Mile’ Shipment Delivery Services – So called ‘Last Mile’ delivery is a key logistics related challenge for today’s …

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  • on-digital-min

    ON DIGITAL-First Fridays: It is a Network, Not a Chain

  • Data-Driven-Experiences

    Enterprise Challenge #41 Only 182 of my 360 Degrees are in Focus

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    New Resolution for Retailers in 2016: Take Charge of Your Chargebacks

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    OpenText Releases U.S. Presidential Election Application, Powered by OpenText Release 16

    As the highly contested 2016 U.S. Presidential election and the Iowa caucus approach, I’m pleased to announce the release of Election Tracker ‘16, an online application tool for users who want to monitor, compare, and gain insights into the 2016 U.S. Presidential election. For more information, please visit the following site: Electiontracker.us. How does Electiontracker.us work?  Utilizing OpenText Release 16 (Process Suite, Content Suite, and Analytics Suite),  Election Tracker ‘16 automatically scans and reads hundreds of top online media publications around the world, capitalizing on the knowledge buried in the unstructured information. This data is analyzed daily to determine sentiment and extract additional information, such as people, places, and topics. It is then translated into visual summaries and embedded into the election app where it can be accessed using interactive dashboards and reports. That is correct, hundreds of websites, a billion words, processed, stored and visualized, in real time. And we have been collecting this data for months to show trends and sentiment changes. Powered by OpenText Release 16, this information-based application provides anyone interested in following the critical 2016 election with deep insights into candidate information, revealing much more than traditional polling data. Using electiontracker.us, election enthusiasts are able to gain a holistic view of how candidates are performing based on media sentiment, which can be a more accurate indication of future success. Election Tracker ‘16 is built using OpenText Release 16, which includes Process Suite (read, scan, sentiment), Content Suite (store), and Analytics Suite (visualize and predict), bringing seemingly unstructured data to life. OpenText Release 16 can do what no human can do. Read, analyze, process, and visualize a billion words a day. Transforming Unstructured Data into Interactive Insights All three components of OpenText Release 16 are important, but let me focus on the analytic aspects of Election Tracker ‘16.  As we saw in the 2012 U.S. election, analytics played a major role in the success of the Obama campaign. Drawing from a centralized database of voter information, President Obama’s team was able to leverage analytics to make smarter, more efficient campaign decisions. Everything—from media buy placements to campaign fundraising to …

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    Are You Ready for Some Football? — Data Driven Digest

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    Crowd-Sourcing the Internet of Things (Data Driven Digest for January 19, 2016)

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    Next Step For Internet of Things: Analytics of Things

  • try non-compliance quote-660x330

    How to Play Nice with Compliance

    Compliance is a little like the big, scary kid at the playground. No one wants to make direct eye contact, no one wants to get too close, and no one thinks any good can come of the situation. Unfortunately, no one considers what that big kid can do for them. Oh, poor, lonely, ostracized compliance… sigh… It’s true that you don’t want to mess around with compliance. But that doesn’t mean you can’t roll with it. After all, it’s key to any enterprise: an organization cannot operate if it does not adhere to the laws, regulations, guidelines, and standards relevant to its business. So, how can you play nice with this big, scary kid? 1. Step back and take a good look. What do you need to be aware of? Content and process are at the heart of Governance, Risk Management, and Compliance (GRC), and there are many different regulations and standards around the world. Which ones affect you? Take a look at this Regulatory Compliance & EIM Matrix. It’s a convenient, at-a-glance table of key regulations and standards from across the globe, and it also lists the associated EIM requirements. Download it to keep for quick reference! 2. Listen to what the other kids are saying. What should you pay close attention to and what do you feel confident about? According to a recent white paper from AIIM® and OpenText, Managing GRC with ECM and BPM, the top driver of Governance, Risk Management, and Compliance (GRC) for organizations is avoiding reputational risk. In fact, we found that protecting the reputation was twice as big of a driver as avoiding fines and penalties. (It always comes back to the playground.) Other highlights from the survey include the following: The most common GRC complaints: Multiple, disparate systems to manage compliance documentation Manual, inefficient GRC processes Homegrown systems and tools 40% surveyed say policy management is their biggest challenge with regulatory compliance, and only 9% are confident their policies are up-to-date. 85% believe ECM would help them meet their compliance requirements. The top 5 ECM functionalities deemed most important for GRC: RM, …

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    Four Elements to Enable Your Digital World

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    Getting More Than You Bargained For

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    Three Ways Cloud Changes Product Management

  • Data Asset

    ON DIGITAL-First Fridays: A New Asset Class Emerges. Data

    We live in a digital world. A testament to this new reality is the growing value of digital content: we design complex products, manage our pipelines, transfer cash, procure trillions, hire employees—all in the form of digital content. This is the new digital reality. Information is the new currency. The impact this is having on society, business, and government is profound. Will data replace the Dollar, the Euro, the Yen? It certainly has started to. New businesses and whole industries are emerging to support the digitalization of content. Google, Facebook, and Twitter have built their businesses on the economics of data. They’re collecting it, analyzing it, and monetizing it at great profit. Data is new digital legal tender and everyone’s getting in the game. As it is commoditized in its various formats, businesses will have to find ways to reward customers in exchange for their data. Marketers will have to be more sophisticated in their use of personal data. Individual consumers will sell their personal data to organizations that are currently benefiting from collecting vast amounts of it for free. This will become common practice. When we consider the rate of increase in the amount of data generated by today’s society, we can understand how this new business model is a lucrative one. There is more data in more formats being exchanged at faster rates than ever before. Each day, we produce massive streams of data. As a result, every digital business has data to monetize. In a digital world, organizations will use analytics to mine their data for information and insight to improve business performance, to protect against fraud and risk, to get to know their customers better, and to capitalize on new opportunities. If data is the new asset class, then analytics is the next frontier in deriving value from information, uncovering “moments of truth” that empower organizations. Analytics has the power to transform facts into strategic insights that deliver intelligence for profound impact. But where there is opportunity, there is also risk. Data is vulnerable. Like money, data can be stolen. As information grows in value, so …

    Read More
  • 04216-RobinLane-SocialMediaBlogImage-700x400

    OpenText Releases U.S. Presidential Election Application, Powered by OpenText Release 16

  • IOt2

    ON DIGITAL-First Fridays: The Internet of Things

  • on-digital-min

    ON DIGITAL-First Fridays: It is a Network, Not a Chain

  • shutterstock_288233360

    ON DIGITAL-First Fridays: Innovation Redefined