Kevin Benedict Ponders the Future: analytics

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Silicon Valley Series: Cultural Impact on Digital Transformation

In this Silicon Valley Series I am honored to interview a number of very smart and experienced Silicon Valley dignitaries on a variety of important business trends, technologies and strategies. I hope you find this series of short interviews useful.

In this episode, I interview Tom Thimot, a veteran three time CEO of Silicon Valley companies, on the importance of developing the right culture in your enterprise so you can compete successfully in an age of digital transformation. Enjoy!

Silicon Valley Series: Evolution of Cloud, Analytics, AI and Human Integration

In this Silicon Valley Series I was honored to interview a number of very smart and experienced Silicon Valley dignitaries on a variety of important business trends, technologies and strategies. I hope you find this series of short interviews useful.

In this episode, I interview Silicon Valley veteran and three time CEO Tom Thimot on how artificial intelligence and automation are evolving from hybrid models to more trusted automation models.

It took Magellan’s crew three years sailing ships to circumnavigate the earth. Today, at hypersonic speeds of 7,680 MPH, it takes just over three hours to circumnavigate the earth. Data on the Internet, however, travels at 670 million MPH, which means it only takes milliseconds to circumnavigate the earth. In this age of digital businesses and digital interactions, companies must digitally transform to work effectively in a world where mass information moves at these unimaginable speeds.

It's not just IT systems that are impacted by the volume and speed of information. The creators of business processes that were designed and developed in an analog area, simply never envisioned a business environment that would require these operational tempos. Analog business processes were designed to have humans involved. These dependencies were designed to slow down the process to ensure accuracy, compliance and accountability. Today, however, operating at the slow speeds of an analog, human dependent business process, will doom your company. Analog business processes must be quickly automated via robotic process automation using artificial intelligence and machine learning to effectively interact with impatient digital customers and B2B partners.

W. Edward Deming taught that quality is achieved by measuring as much as possible and reducing variations, and reducing variation is achieved by improving the system, not just pieces. Japan widely adopted Deming's philosophies in the 1950s and became the 2nd biggest economy in the world. Quality improvement didn't decrease jobs in Japan, it increased jobs.

AI now has the ability to expand and codify Deming's philosophies - to take them to the next level. AI can improve and standardize decision making based on logic, rather than the fear of missing objectives, bonuses or losing one's job. It can continuously monitor for quality against specifications by analyzing streams of real-time data coming from embedded sensors connected to the IIoT, IoT and IoA (internet of agriculture). This means companies that are aggressive early adopters of these digital technologies will have more knowledge, higher quality and significant competitive advantages, which means more demand for their products, sales, customer service, manufacturing, distribution, etc. It also means aggressive adopters will likely generate more jobs.

The Center for Digital Intelligence Interview: IoT Platforms with Hitachi's Rob Tiffany

I had the honor of interviewing and disrupting the vacation of Hitachi's CTO for Industrial IoT, Rob Tiffany today. In this interview we talk all about IoT platforms, big data analytics, architectures, digital twins and solution stacks for industrial IoT. I learned a lot and hope you will too.

Read more from Kevin Benedict here:

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Kevin Benedict

President, Principal Analyst, Futurist, the Center for Digital Intelligence™

Website C4DIGI.com

View my profile on LinkedIn

Follow me on Twitter @krbenedict

Subscribe to Kevin's YouTube Channel

Join the Linkedin Group Strategic Enterprise Technologies

Join the Google+ Community Mobile Enterprise Strategies

***Full Disclosure: These are my personal opinions. No company is silly enough to claim them. I work with and have worked with many of the companies mentioned in my articles.

Brain Change and Digital Strategies

The renowned military strategist John Boyd taught that people and institutions collect favorite philosophies, strategies, theories and ideologies over a period of time, and then try to align the future to fit them. The problem with this is the future is rarely like the past, and trying to fit new data into old paradigms often forces us to perform irrational mental gymnastics, which leaves us farther from the truth.

Our resistance to change and unwillingness to question our beliefs in the face of mounting evidence, leads us to analytical and execution failure. A more productive habit would be to continuously review our mental constructs to find out how to modify our interpretations to align with new evidence. This action, however, goes against our human nature that seeks stability and resists change. We see the consequences of these challenges weekly as we read about companies (especially retail) failing as a result of their resistance. In the future, developments in artificial intelligence and machine learning will have the potential to help us overcome many of our own mental weaknesses that cause us problems in our pursuit of truth.

In the digital era, our ability to change our thinking becomes even more critical as it must happen at a faster rate. I remember when updates to an enterprise’s mobile apps required all users to bring their mobile devices into the office to get them loaded and tested. This was a slow, tedious and expensive process. Today, as we all know, this can be done worldwide instantly and for very little money through cloud based app stores. Digital transformation equals speed and accelerated change.

In a world of integrated digital platforms and systems, new digital innovations can impact markets instantly and competitors must be able to react.

The bottom line - one of the biggest factors determining the digital transformation winners of tomorrow will be the brains of leaders – their mental constructs. Can executives and boards look at new evidence and innovations without biases, resistance to change and prejudices, and grasp how economies, industries, markets and competition will be impacted? Can they learn about new digital innovations, understand the breadth of the impact, and develop new business strategies based on the new realities? Can they overcome themselves?

It is quite the irony that digital winners will be not simply those with the best digital technologies, but those that can best overcome their own human brains.

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I invite you to watch my latest video on digital technology trends.

Follow me on Twitter @krbenedict, connect with me on LinkedIn or read more of my articles on digital transformation strategies here:

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Kevin Benedict

President, Principal Analyst, Futurist, the Center for Digital Intelligence™

Website C4DIGI.com

View my profile on LinkedIn

Follow me on Twitter @krbenedict

Subscribe to Kevin's YouTube Channel

Join the Linkedin Group Strategic Enterprise Technologies

Join the Google+ Community Mobile Enterprise Strategies

***Full Disclosure: These are my personal opinions. No company is silly enough to claim them. I work with and have worked with many of the companies mentioned in my articles.

Combinatorial Nature of Digital Technologies and Legos

I came across the brilliant blog site of Futurist Frank Diana this week. In one of his most recent articles he discusses the concept of combinatorial nature. He states, "We are seeing exponential convergence across the areas of science, technology, economics, society, ethics, and politics. The combinatorial nature of an overwhelming number of building blocks drives an accelerating intersection across these areas." As an expert Lego player, I can appreciate the concept of building blocks, and the near infinite number of combinations these blocks can be used to form. The idea that we have now reached a critical mass of digital building blocks, and that we will now experience exponential growth through the combinatorial nature of them is compelling.

The World Economic Forum also describes the future in similar ways, “We stand on the brink of a technological revolution that will fundamentally alter the way we live, work, and relate to one another. In its scale, scope, and complexity, the transformation will be unlike anything humankind has experienced before... Billions of people are now connected by mobile devices, with unprecedented processing power, storage capacity, and access to knowledge. And these possibilities are being multiplied by breakthroughs in artificial intelligence, robotics, the Internet of Things, autonomous vehicles, 3D printing, nanotechnology, biotechnology, materials science, energy storage, and quantum computing."

Both of these quotes, and the idea that we have reached a new era as a result of the combinatorial nature of digital building blocks, begs the question of what does this mean for for our organizations today? The answer can be found in the Lego block.

Legos come in standardized shapes, sizes and integration points that allow for the rapid build of billions of different combinations. The standardization of Lego blocks doesn't restrict our ability to create new and unique combinations, rather it enhances it. Organizations must recognize that the winners of today and tomorrow are not organizations that create their own bespoke building blocks, but that have the vision to use standardized digital building blocks to offer unique combinations faster than their opponents.

Follow Kevin Benedict on Twitter @krbenedict, connect with him on LinkedIn or read more of his articles on digital transformation strategies here:

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Kevin Benedict

President, Principal Analyst, Futurist, the Center for Digital Intelligence™

Website C4DIGI.com

View my profile on LinkedIn

Follow me on Twitter @krbenedict

Subscribe to Kevin's YouTube Channel

Join the Linkedin Group Strategic Enterprise Technologies

Join the Google+ Community Mobile Enterprise Strategies

***Full Disclosure: These are my personal opinions. No company is silly enough to claim them. I work with and have worked with many of the companies mentioned in my articles.

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Kevin Benedict Ponders the Future

Silicon Valley Series: Cultural Impact on Digital Transformation

Silicon Valley Series: Evolution of Cloud, Analytics, AI and Human Integration

The 12 Step Plan for Digital Transformation Speed

Competition, Artificial Intelligence and Balloons

The Center for Digital Intelligence Interview: IoT Platforms with Hitachi's Rob Tiffany

Brain Change and Digital Strategies

Combinatorial Nature of Digital Technologies and Legos

Interviews with Kevin Benedict

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