Infonomics and Using Information as a Competitive Advantage

Do you value and treat your enterprise information like it is a strategic asset?  Do you view your information logistics system (including your enterprise mobility system) as a competitive differentiator?  Enterprise mobility is more than just a convenience for people on the move.  It is about how to use information to optimize productivity and achieve competitive advantages.  How can the effective use of mobilized information change and improve your business?

I have shared some of this article before, but I believe it is important enough to review.  In an insightful article by Gartner Inc.'s Douglas Laney, titled Infonomics: The Practice of Information Economics, the value of company information is explored.  I read this article with great interest and interpreted it in the context of enterprise mobility.

Here is Laney's description of Infonomics, "When considering how to put information to work for your organization, it’s important to go beyond thinking and talking about information as an asset, to actually valuing and treating it as one. This is the basis of the new theory and emerging discipline of Infonomics which provides organizations a foundation and methods for quantifying information asset value and formal information asset management practices."

In my mobile strategy workshops, I spend time with my clients exploring the value of "real-time" information to a company and the role enterprise mobility plays in it.  Laney's article takes it to the next level by treating it as a discipline.

Here is another excerpt from Laney, "Infonomics posits that information should be considered a new asset class in that it has measurable economic value and other properties that qualify it to be accounted for and administered as any other recognized type of asset—and that there are significant strategic, operational and financial reasons for doing so."

If the right information can be available to a mobile worker, on the right device, at the right time, in the right amount so that "right" decisions and actions can be made, then that is a huge benefit!

Let me add some context, if you have a mobile workforce in the field and you know the following real-time information:

• Location
• Job status
• Next job site
• Skills and qualifications
• Inventory
• Equipment
• Costs (hourly wage)

...then you can make many important decisions as to how you can optimally schedule and utilize your workforce.  Much of this can be automated using business analytics, and artificial machine learning as well.  In contrast, if you don't have real-time knowledge of the points listed above, you cannot.  There are significant competitive values to this real-time information.  Laney's article explores how you can measure that value.

Once you have placed a value on real-time information, then you can determine an ROI for developing and implementing a system that supports the use of real-time information (and mobilizing it).  I see this a lot when discussing mobile workforce scheduling solutions.  Many organizations simply do not have the IT systems in place that can support real-time scheduling based on real-time information (location, job status, etc.).  This is a limitation.  This prevents them from transforming their company into a real-time enterprise and effectively competing with companies that are.

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Kevin Benedict, Head Analyst for Social, Mobile, Analytics and Cloud (SMAC) Cognizant

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Learn about mobile strategies at MobileEnterpriseStrategies.com

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***Full Disclosure: These are my personal opinions. No company is silly enough to claim them. I am a mobility and SMAC analyst, consultant and writer. I work with and have worked with many of the companies mentioned in my articles.

Mobile Expert Video Series: Bridget Bradley

In this interview with mobile expert Bridget Bradley from AnyPresence, we discuss cloud mobility, pricing models and mobile platforms.  Enjoy!

Video Link: http://youtu.be/GMc4guRJM44


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Kevin Benedict, Head Analyst for Social, Mobile, Analytics and Cloud (SMAC) Cognizant

View Linkedin Profile

Learn about mobile strategies at MobileEnterpriseStrategies.com

Follow me on Twitter @krbenedict

Join the Linkedin Group Strategic Enterprise Mobility

***Full Disclosure: These are my personal opinions. No company is silly enough to claim them. I am a mobility and SMAC analyst, consultant and writer. I work with and have worked with many of the companies mentioned in my articles.

Mobile Expert Video Series: Tathagata Nandy on Healthcare

In this video I interview mobility and healthcare expert Tathagata Nandy on the trends he is seeing around enterprise mobility in the healthcare industry in 2013.  Enjoy!

Video Link: http://www.youtube.com/watch?v=Sar9h73k940&feature=share&list=UUGizQCw2Zbs3eTLwp7icoqw

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Kevin Benedict, Head Analyst for Social, Mobile, Analytics and Cloud (SMAC) Cognizant

View Linkedin Profile

Learn about mobile strategies at MobileEnterpriseStrategies.com

Follow me on Twitter @krbenedict

Join the Linkedin Group Strategic Enterprise Mobility

***Full Disclosure: These are my personal opinions. No company is silly enough to claim them. I am a mobility and SMAC analyst, consultant and writer. I work with and have worked with many of the companies mentioned in my articles.

Revisiting Enterprise Mobility and 4D Strategies

In this article I want to revisit the subject of the 4th dimension as it relates to enterprise mobility and and its importance to many industries and business processes.

First, let's review our definition of 3D and 4D.  Three dimensional is made up of length, width and height in one context, or latitude, longitude and altitude in a geographic context.  With GPS coordinates you can find and identify a location on the earth or map.  The challenge, however, is that in the real-world, people and resources aren't stationary.  They move all over the place.  Knowing their location is only useful if you know the "time" they were at that location.  Time is the fourth dimension.  Latitude, longitude, altitude and time are the 4 dimensions we will be reviewing.

Knowing locations and times are critical to managing real-time operations.  The power of real-time business analytics is best realized when you have the capabilities of reporting and planning in a 4D environment. Here are some examples of how time added to location data can offer business value:

• Predict travel times
• Monitor actual travel times by capturing departure and arrival times.
• Adjust schedules based upon the difference between the predictive and real-life travel times
• Predict job completion times
• Monitor actual job completion times
• Adjust schedules based upon the difference between the predictive and real-life times
• Dispatch service technicians based upon location, schedules, qualifications, costs, etc.
• Capture KPIs and analyze them.

Most companies recognize the importance of using 4D in their strategies, however, it has only recently become possible to exploit 4D data in real-time.  Exploiting 4D data in real-time takes a real-time strategy.  You need IT infrastructure, databases, analytics and enterprise mobility solutions all finely tuned for real-time operations.

As many of you know my mantra is, "Mobile technologies without mobile strategies is wasted."  There are a lot of interesting things that can be done using 4D strategies and mobile technologies to provide a company with competitive advantages.

A while back I read a book titled, Stray Voltage, War in the Information Age, by Wayne Michael Hall.  In this book he takes the concept of 4D, and adds two more, cyberspace and cerebral to make 6D. Here is a quote from Hall, "Information superiority is firmly connected to making decisions that are superior to an adversary's and combines information technology and intellectual power to create conditions with which to make better decisions."

Hall is making the point that with mass volumes of data collected in real-time using remote sensors, data collection technologies and mobile solutions we need to improve our operational strategies and ways of thinking.  The data can provide us with real-time "situational awareness," but can we understand it and use it to make better real-time tactical decisions for our businesses?

More from Hall, "Human beings will need to improve their thinking capabilities to cope with the increasing complexities of the world...people will depend more on visualization to help understand complexity quickly.  Visualization will fuse data and information and display the result in a multimedia format.  Visualization will allow the integration of data, information and knowledge from all sources and will allow for the integration of numerous contributors."

There is power in taking all of the real-time 4D data inputs that you have, integrating them, analyzing and displaying it visually on a map with powerful infographs in real-time.  This can help us quickly understand what is happening in the field.

In my mind I see a field services manager using an iPad.  He can look down at his iPad at anytime and see the location of all his assets, resources, work crews, jobs (past, present and future) and equipment.  He can see bright yellow circles for all job status that are running over their estimated times, he can see work crews in transit and he can see all locations of upcoming jobs on a map.  In one quick glance the manager can understand where there are challenges, trouble spots and customer issues.

The visualization of 4D information allows for rapid and good decision making.  This is a true competitive advantage.

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Kevin Benedict, Head Analyst for Social, Mobile, Analytics and Cloud (SMAC) Cognizant

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Learn about mobile strategies at MobileEnterpriseStrategies.com

Follow me on Twitter @krbenedict

Join the Linkedin Group Strategic Enterprise Mobility

***Full Disclosure: These are my personal opinions. No company is silly enough to claim them. I am a mobility and SMAC analyst, consultant and writer. I work with and have worked with many of the companies mentioned in my articles.

Healthcare, Mobility and Digital Transformations

Healthcare is one of those industries that will be most impacted by SMAC (social, mobile, analytics and cloud) developments.  It is information based.  Information, as we all know, is easily digitized, analyzed, stored in the cloud, and shared via mobile devices.

Here is a personal example.  Yesterday, I was experiencing stomach ailments and jumped on the website, WebMD.  I then added some reminders on my iPhone regarding health practices that I want to follow.  Ideally, I would engage with my doctor on non-serious issues via a mobile app.  I could record my symptoms and have her review and advise me no matter where in the world I am at the moment.  Our crazy healthcare system in the USA, however, would not know how to handle this simple mobile services or the payment for them.  I can only hope that someday logic will prevail.

Here are some of the key reasons mHealth is being transformed today:

• The recognized need by providers, insurers, and governments to improve services and reduce the costs of caring for those with chronic illnesses.
• The emergence, and proliferation of smartphones, broadband internet access, dedicated remote patient monitoring devices, and patient-centric applications
• Patients increasingly understand how mHealth technologies can help them better communicate with providers and manage their health.
• The rapid movement toward standards that will form the backbone for interoperability within the health industry.

If you are a healthcare industry software vendor or systems integrator with some clever and cool healthcare related solutions please share them with us in the comments section of this article, or email me at kevin.benedict@cognizant.com.  I would love to learn and write about them.

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Kevin Benedict, Head Analyst for Social, Mobile, Analytics and Cloud (SMAC) Cognizant

View Linkedin Profile

Read the whitepaper on mobile, social, analytics and cloud strategies Don't Get SMACked

Learn about mobile strategies at MobileEnterpriseStrategies.com

Follow me on Twitter @krbenedict

Join the Linkedin Group Strategic Enterprise Mobility

Full Disclosure: These are my personal opinions. No company is silly enough to claim them. I am a mobility and SMAC analyst, consultant and writer. I work with and have worked with many of the companies mentioned in my articles.