I discussed Uberization at length in a recent article. But this is just a model of disruption, among many others. To be complete, I should at least also speak about teslaization which I believe to be more dangerous for many companies, and their relation to by-the-book disruption. These are the three states of disruption that will shape the future of your company, whether you’ll be a disruptor, or a disruptee.
This quick and dirty roadmap to disruption is not intended to give with a full-fledged mapping of all disruption categories. Uberization and teslaization are interesting in the way they are polarizing risk taken by the disruptors. It’s about a low tech / higher market risk, or the opposite. Eventually, my goal here is only to share with you how to analyze risks, both as a threat and as an opportunity.
The survey is based on the responses of 364 senior-level executives working in ethics, compliance, audit, risk management or corporate governance, at companies with median annual revenue in the range between $1 billion and $5 billion.
With regard to the chief compliance officer’s (CCO) authority, defined in the survey as the ability to work with executives at the highest level of the organization, 57% of therespondents say their CCO reports directly to either the CEO or the board. This number has fluctuated over time (from as low as the mid-40s), but is now clearly rising. Fifty-one percent say the CCO has a seat on the executive management committee, and 59% say the CCO job is a stand-alone position. Fifty-five percent note the CCO regularly briefs the board on the company’s overall ethics and culture.
“Taken together, the statistics presented in the survey suggest that most CCOs, especially those at larger corporations, have an opportunity to participate in high-level discussions about corporate strategy, values and culture,” says Nicole Sandford, a Deloitte Advisory partner in Deloitte & Touche LLP, and national practice leader of enterprise compliance.
The market for cloud computing continues to defy all expectations.
What exactly are these companies selling? Who's buying it? And why is one company that wasn't even in enterprise technology a decade ago — Amazon — beating the pants off everyone else?
Legal and compliance issues keep today’s corporate executives up at night. Indeed, the concern that “regulatory changes and heightened regulatory scrutiny may affect the manner in which our products or services will be produced or delivered” was the No. 1 risk cited by a 2015 survey of 275 board members and executives by global consulting firm Proviti and the Poole College of Management at North Carolina State University.
Many of those evolving legal and compliance issues are swirling around the marketing space, where brands are blazing new paths, consumers and competitors alike are wielding new legal power, and regulators are working hard to keep pace with rapidly changing technologies and processes.
Here are six regulatory and legal risks that CMOs must understand and mitigate today.
IBM continued with its Datapalooza roadshow, Oracle released a new version of its BI software with enhanced visualization capabilities, and Informatica rolled out its Big Data Management platform. All that and more in our Big Data Roundup for the week of Nov. 15.
Big data is expected to make a big impact in healthcare and personalized medicine. But where are the real projects in this field and what progress is being made?
This week, InformationWeek took a deeper look at big data projects for personalized medicine. Plus, we have news on Google open sourcing its machine learning library, TensorFlow. And we've also got news from Informatica, IBM, Oracle, and more.
Let's start with our collection of big data personalized medicine projects. This week, InformationWeek pulled together some of the top personalized medicine projects utilizing big data. IT and big data are helping drug trials search for better treatments for conditions from arthritis to cancer. Take a look at these ground-breaking projects here.
AirBnB contacted all hosts in Paris asking if they could take in those stranded in the city. Facebook let users alert their friends they were safe. Google offered free calls to Paris via Hangouts, as did Skype, Verizon and Sprint. Uber turned off surge pricing in the city for the weekend, despite initial reports to the contrary. Twitter helped people find a place to stay with the hashtag #PorteOuverte and kept the rest of the world informed.
The tech companies did what many businesses did during a time of emergency: They lent a helping hand. But Friday’s events show how the industry is uniquely positioned to do so more quickly and adroitly due to the nature of their services.
(TNS) - The snow has yet to fly this season, but the federal government is sending a pre-winter gift to the City of Rochester.
The Federal Emergency Management Agency has approved emergency aid for the snowstorm that occurred Jan. 26-28, according to a press release from the city manager. Federal aid totals $140,666.
According to Rochester Fire Department's Chief Norm Sanborn Jr., the amount equals the full amount for what the city put in for reimbursement and includes some items he did not think the city could be reimbursed for, such as snow removal from rooftops of public buildings. Sanborn had originally estimated in April that the city spent $122,000 on snow removal for the January storm.
Sanborn said the biggest portion of the aid would go to Department of Public Works expenditures, including snow removal from roofs, snow plowing, sanding and salting and department labor costs and overtime hours. The city also had to maintain 65 miles of roads, municipal parking lots, schools and sidewalks, according to the press release.
VMware polled almost 1,200 insiders and found that companies with mobile IT programs enjoyed a return on investment (ROI) of almost 150 percent, according to Datamation. The findings were good across the board: The respondents see mobilized employees as more effective, and mobility makes new revenue streams easier to find and heightens the ability to “connect with and satisfy customers.”
A downbeat finding was that only 20 percent of companies have moved a core business process to a mobile model. During the next year, however, 63 percent plan to do so. Part of the process will be upgrading infrastructure (77 percent said they plan to do so), adding customer-facing apps (70 percent), and rebuilding crucial apps for mobile employees (69 percent).
ARM Works to Secure the IoT
Good news and bad news from ARM, which is including its TrustZone security in the microcontrollers that are used on the Internet of Things (IoT).
It seems something of a misnomer that Data Center Infrastructure Management (DCIM) platforms are gaining in stature while the vast majority of enterprises are supposed to be de-emphasizing local resources in favor of the cloud.
But the trend is clear: Run-of-the-mill enterprises are turning to every means necessary to reduce costs and improve efficiencies within their on-premises infrastructure while large cloud providers and hyperscale organizations have no choice but to balance workloads against resource consumption or watch their business models collapse under the weight and complexity of their own IT operations.
The challenge going forward is not to simply deploy DCIM, says International Data Corp. in a new report, but to weigh the various DCIM platforms against emerging goals and technology developments. Not all DCIM solutions are the same; in fact, few of them are. Some focus largely on asset management and connectivity while others gear toward critical infrastructure and facilities control. Some are software-only while others introduce a mix of hosted services. Weighing the pros and cons will require a clear assessment of the nature of current infrastructure (is it converged, distributed or both?), as well as internal skillsets, plus future requirements in terms of scale, integration and automation.
There’s a lot of buzz around the Internet of Things (IoT), not least with latest forecasts from Gartner suggesting that 20.8 billion connected things will be in use worldwide by 2020.
Already the estimated number of connected things in 2016—6.4 billion, according to Gartner—is a 30 percent increase on 2015. In fact 5.5 million new things will get connected every day in 2016, Gartner predicts.
A press release notes: