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SigmaWay Blog

SigmaWay Blog tries to aggregate original and third party content for the site users. It caters to articles on Process Improvement, Lean Six Sigma, Analytics, Market Intelligence, Training ,IT Services and industries which SigmaWay caters to

Internet of Things, the Future?

Internet of things is projected to take the world by storm. Ben Rossi (author) talks about how IoT will affect simple devices from a wristwatch to a tractor, and process usage data in real time. This will improve marketing efficiency and speedup campaigns. Large volumes of data will imply linkages and collaborations between marketers, data analyst and IoT enablers. Troubleshooting will be a new experience, with solutions coming up in real time. Customer profiling will be more complete, as devices can now integrate user activity full time. This will provide insight into customer behavior and hence provide instant solutions based on preference patterns.
 To know more: 
http://www.information-age.com/it-management/strategy-and-innovation/123459628/4-key-internet-things-analytics-trends-marketing-pros

 

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Smart Bottles for Smart Consumers

It's technology on the rocks for whisky lovers. Diageo using new technology to improve its customer experience. They have created a label (read sensor) that will create smart bottles for their whisky. Laura Denham, International Events Director at Innovation enterprise, enlightens us with the smartness of smart bottles. 

• Well, it gives specific information about the whisky helping the customer to select their best fit.

• It helps detect any kind of tampering with the bottle. Fake products will be a history.

• These sensors can’t be cloned. 

• Help track the journey of the bottles and reduce supply chain wastage. 

For more, follow the link http://channels.theinnovationenterprise.com/articles/whiskey-the-internet-of-things

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Save yourself from committing cloud security mistakes

Security remains a chief inhibitor to enterprise adoption of cloud computing resources. The most significant risk in using the cloud is that sensitive data can be leaked. The macro trend is that more data is going to more end-user devices, which makes controlling the data more difficult and creating more vulnerabilities. With a data classification scheme, organizations can prioritize which data needs to be heavily secured.  David Canellos, President and CEO of Perspecsys, points out 7 cloud security mistake that can be avoided. What more you get 7 safety tips too. To know more follow the link http://cloudtweaks.com/2015/07/7-cloud-security-mistakes-bound-to-bite-you/

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Protection of crucial business data ensured.

A company must protect itself from viral attacks and hackers. Such hackers have been in existence for as long as the internet has existed and they make a living out of stealing important business information by selling them in the market to the highest bidders online which can cause terrible damage to the reputation of company in question. The appropriate way to go about this is to install malware removal software’s on all the computers and also ensure protection of their private business and assets. Some other ways to ensure this protection are:

• Sufficient disaster recovery layouts: since virus and malwares on the computer can wipe away important data and ruin the business in seconds, efficient systems for disaster recovery should be in place so that information back up is restored at that very moment after the attack ensuring no loss is incurred. Professionals should be hired for such tasks.

• Effective virus protection should be installed since sensitive information about the business as well as of the employees once leaked can lead to several other problems and regular security checks should be done to ensure everything is updated and new viruses are detected instantly.

• It’s always necessary for the company to regulate the employee’s access to the computers so that information is not mishandled. Every employee must have his own work station and not mingle with others work which ensures no personal information exchange.

Such practices can definitely help the business data stay protected in the long run if followed properly.

Read more at: http://www.smartdatacollective.com/peterdavidson/320351/how-ensure-protection-critical-business-data

 

 

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BYOD: The Boon and the Threat

BYOD (bring your own device) refers to the policy of allowing employees to bring personally owned devices to workplace and access the company's information and application on it. This practice has made major inroads as it helps save cost and ensure productivity gains especially with the variety of devices like tables, smartphone, tabs, laptops etc. at the disposal of the employee. However, BYOD is fraught with security concerns. Such security breaches can outweigh the gains one expects from it. Keith Poyester in an article elaborates on the challenges with BYOD policy and suggests 8 best practices for BYOD security. To know more follow the link http://www.itproportal.com/2015/06/28/great-debate-to-byod-or-not-to-byod/

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Insurance industry, embracing modern technology

# Technologies like self-service and social media are important, if insurers need to communicate, face-to-face, with customers, since, it is the best form of transferring information, till date. People working on data insights need good communication skills to convey their findings to customers, who may not understand the technical language.
# Organizational collaboration is always important between two institutions if they are supposed to work together, so that they can share their technologies and focus on other business priorities, in harmony.
# As customers are generating more and more data, insurers are turning to analytics in order to interpret the data.
# With increasing data security breaches, insurers need skills to address the vulnerabilities and manage the situation in case of a security breach.
# Insurance technology professionals must be ready to embrace the evolving technology in order to survive the competition.
# Insurers need to think creatively of utilizing the multitude of technologies, available, in order to improve customer relations.
# Social media skills are required to build customer relations, as well as, create a brand image for the concern. 
Read more at:

http://www.insurancetech.com/management-strategies/7-tech-skills-for-insurance-pros-/d/d-id/1319170?image_number=2

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Big data: bringing changes

Healthcare is being revolutionized by the advent of big data. New gadgets and technologies are aiding this transition. A continuous stream of health related data promises us the concept of continuous healthcare. This data will enable us to study behavioral changes among patients and diagnose problems better and faster. Real time disease management is fast becoming a reality and it will be even possible to tend to patients in the early stages of their disorders and take steps accordingly. Real time monitoring of treatment efficacy will immensely help in post-operative care, drug therapy. It also holds the power to point out which patients merit additional intervention. Read more at:

http://www.dataversity.net/how-big-data-will-enable-continuous-healthcare/

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Data Science: The Science of tomorrow

Data science techniques are becoming increasingly popular these days to improve business outcomes. Hadoop, already showcased the broader use of big data technologies and their impact on businesses. In this new age, the limits of machine learning are constantly being tested as innovators are trying new techniques that decrease human intervention as much as possible. Companies are ready to work with the data they have in Hadoop. Penetration of SQL on Hadoop has been a great help as they have created an environment that has made data accessible to downstream apps and learning algorithms. Machine intelligence is catching up in all spheres, data science is becoming a new trend with data scientists coming in demand. To know more, please follow:

http://www.dataversity.net/predictions-for-data-science-over-the-coming-years/

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Adopting Wearables to Monitor Workforce

Suppose, if wearable were introduced into the workforce which could monitor about the employee wearing. How would be like?  The fact is that data collected from such wearable were used at an individual level, many might not welcome the idea as it might terminate employment for unhealthy employees. Nowadays, organizations engage employees rewarding their performances. Regular feedback helps directly for employees better perform thus affecting growth of the organization. With changing demands, if employees share their information through smart-watch, organizations should reward them empowering those employees. Though many might not like the concept but none can deny the internet of things (IoT) getting into our daily lives. Meanwhile, many organizations are already on their way to adopt this technology. Read more about this article at:  https://channels.theinnovationenterprise.com/articles/7582-getting-the-best-out-of-wearables-with-your-workforce

 

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Reconsidering Internet of Things

Internet of Things (IOT) has been evolving over time and it has moved beyond controlling networks to improve connectivity among devices, systems, people, services and things. The companies which are not manufacturers, retailers, telecoms or logistic providers have also been benefitted by IOT. Shelly Dutton (a valued contributor to business2community.com) in her article in business2community.com has mentioned the four trends about Internet of Things that we need to revise and they are as:

 1. Change is already in progress and widespread.

2. The IOT conversation addresses different things to different organizations.

3. The IOT is no longer just "cool" - it is transformative.

4. Federal governments are getting on board.

Read more at: http://www.business2community.com/tech-gadgets/these-4-things-will-change-your-outlook-on-the-internet-of-things-01259990

 

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Interaction of IOT and machine learning (artificial intelligence)

The dynamic interaction between human and artificial intelligence, is going to revolutionize the way, people perceive their IOT (Internet of Things) environment. IoT has numerous applications in businesses, from products like intelligent refrigerator and self-driven cars, to impacting a company’s costs and earnings. Artificial intelligence can help in understanding, say the time required to service a product, the cost incurred in the process and also the substitutes of the product. This knowledge helps in reducing production cost, generates new revenue opportunities, and also aids in diversification of the company in terms of new products. Read more at: 

http://venturebeat.com/2015/06/24/the-internet-of-everything-how-iot-and-machine-learning-will-revolutionize-your-business-webinar/

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Big Data for Small Businesses

There is huge amount of data and searching for ways to use that data can seem terrifying. Although very little of this data is useful, more and more can be extracted for useful patterns and information. This portion of the useful data is called “Big Data”. For now Big Data is a good way for any company to gain advantage but in the coming ten years use of Big Data will be inevitable. Cloud computing and things like Hadoop and NoSQL provide data analyzing tools to several businesses and entrepreneurs to help analyze the right data sets. Experts on Big Data give some useful tips on how to use this technology.
Know the problem you are trying to solve.
The better way to think about the use of Big Data is to consider it as a tool to solve challenges. Once the problem is identified the data can be used to find a solution.
Start small and grow.
It is a good idea to run a trial analysis and see if it solves the problem. If it doesn’t then you haven’t risked much and if it’s a success you will come out with useful data.
Choose the right data.
 Although it can be difficult to find data, data should be combined from different places to obtain the most useful ones.
Move Fast.
Big Data is not only about analyzing information but also acting on it in real time so that all parts of the company is moving towards a common target and can make the most out of the available data.
Read More at: http://www.forbes.com/sites/mikemontgomery/2015/05/07/small-businesses-shouldnt-fear-big-data/

 

 

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Are Password Managers Good Enough?

Next time while you are trying to log in and the "remember your password?" window pops up, think before hitting yes. Password managers help users sync their usernames and password so they can choose strong passwords which are hard to guess, thereby reducing the risk of hacking. But if the password manager fails, putting all the passwords in one place would be regretted since now all the accounts run a risk of security breach. Password manager stores passwords either on the user's machine or uses cloud-based security. Both could turn unsafe as the former is vulnerable to malware and in the latter case the password is sent to remote servers. To know more, read: http://www.theguardian.com/technology/2015/jun/17/do-we-really-want-to-keep-all-our-digital-eggs-in-one-basket

 

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Role Of Digital Transformation

The modern era is a digital one and it's often heard that if someone isn't digitizing his organization then he would perhaps lose his competitive edge.  The structure of an enterprise plays a crucial role in digitization. This structure and strategy ensures whether the resources are successfully assigned and also that the company is moving in the right direction. Various firms are arranged into vertical aligned business which poses severe challenges for them and hence nowadays digital transformation team arranges them horizontally to generate beneficial impact for the organization. In spite of several disadvantages, the digital business presents a new set of scopes and opportunities. It is not only cultural transformation but also a technical one. 

To know more about digital transformation, please follow the link: https://channels.theinnovationenterprise.com/articles/7501-digital-transformation-the-ftse-way

 

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Latest Revolution In Big Data Analytics- An insight

In today`s business world, time is a precious resource, so there is increasing demand for a faster system of data analysis. An emerging open source analytics tool called spark is slowly gaining popularity and is being used for getting faster results obtained from big data analysis. Earlier many companies used and relied on Hadoop for processing and analyzing information, which used to take days to arrive at a meaningful inference. The spark analytics technology uses a completely different technique for storing data than Hadoop, with spark data is directly written in the memory rather than storing in disks, which increases the speed of data analysis remarkably.  There are also other interesting technological features for which spark is gaining attention.To know more read:  http://blogs.wsj.com/cio/2015/06/03/spark-a-tool-at-big-datas-cutting-edge-helps-under-armour-perform-faster-analytics/?KEYWORDS=analytics

 

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The Impact Of Digital Publishing In The Future

Facebook app has not only emerged as a news-reading function for many people these days but also various renowned publishers post articles on the social networks "News Feed" function. This has gained importance for a number of different news outlets, although most of them being negative. The modern era of digital publishing focuses on how self-publishing can evolve such that e-books are placed in front of their readers. In the next phase of digital publishing, the capability of a digital publisher to make a book more visible will be of crucial significance. In other words self-publishing plays a significant role in digital publishing.

Read more at: https://channels.theinnovationenterprise.com/articles/the-future-of-digital-publishing

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Switching to Cloud Made Easy!

The worldwide market for cloud-based SaaS offerings is expected to expand by about 20 percent per year through 2018, when it could exceed the $100 billion mark.

- International Data Corporation (IDC)

In the world of softwares, cloud is becoming the next big thing. Companies are now switching to cloud based delivery models. But that is not an easy task. For this a number of factors need to be considered like:

  • The process by which new products are developed and old products are reconfigured for the cloud
  • The ways companies should manage customer relationships
  • The pace at which product-development teams should operate
  • Companies’ tolerance of failure
  • The degree to which companies are willing to invest in new technologies and capabilities

Keeping these factors in mind, Santiago Comella-Dorda, Chandra Gnanasambandam and Bhavik Shah, have listed out six principles that will help companies to make an easy shift towards cloud. They are:

  1. Emphasize minimum viable products rather than ‘big bang’ releases
  2. Treat users as part of the day-to-day development team
  3. Expect and tolerate failure
  4. Adopt agile approaches to software development
  5. Give developers quality-assurance and testing responsibility
  6. Invest in cutting-edge capabilities

To know more, please read the following article at McKinsey Insights:

http://www.mckinsey.com/insights/business_technology/from_box_to_cloud

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Retiring Big Data the Right Way

A specific kind of data may be important for a few seconds or sometimes even a few years. Changing times catch up with all kinds of data. So what to do when data reaches its golden age? Archive! But it isn't enough to dump old data in a traditional data warehouse. We must think not only of data's immediate analytical value, but also at how to retain the value of data as it ages. This requires a new approach to archiving. We must ensure regulatory compliance and follow policies of data governance. We must provide access to data while preserving immutability of it or its metadata. Data should query enabled when needed, to generate new insights. Archives must be cost-efficient, enabling you take advantage of advances in data compression. Read more at : http://www.forbes.com/sites/teradata/2015/05/22/archived-but-accessible-retirement-planning-for-your-big-data/

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Featured

Agile Service Oriented WEM

The world of Web Experience Management has come a long way. Starting from traditional, brochure-ware, static web content management to a now more efficient – agile service - oriented web experience management platform. With the help of this platform, we can get the following benefits:

  • Ability to mix content management with line-of-business applications and existing customer data
  • Be prepared for all the changes occurring in this dynamic world

To avail these benefits and while considering an agile or content-services approach, firms look for the following capabilities:

  • Decoupled Architecture
  • Agile Deployment Model
  • External Preview
  • Structured Content
  • NoSQL Database

To know more, please read the following article by David Hillis, VP, Business Development, Ingeniux at cmswire.com:

http://www.cmswire.com/customer-experience/agile-web-experience-management-content-as-a-service/

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Manage Information Security at Digital Workplace

Digital workplace is the new norm today. We don’t do our work at one place today or on only one device. We carry our work with us as we move by transferring it to the device that’s most accessible. Smartphones, laptops, desktops, tablets etc. are some of the devices where ore work is saved. This is called Enterprise Mobility. But, with the increase in enterprise mobility, security has again become a big problem.

Dionisio Zumerle, Research Director, Gartner, has pointed out three key factors that need to be addressed to bridge the gap between enterprise mobility and effective security for business information. They are:

  • People
  • Process
  • Technology

Thus, efforts need to be focused on developing information security models applicable for this multiple device systems while keeping in mind the above stated factors.

To know more, please read the following article at Forbes:

http://www.forbes.com/sites/gartnergroup/2015/06/10/mobile-security-challenges-in-the-age-of-digital-business/

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