How manufacturers need to move from products to services with the rise of IoT

  • 91% of manufacturers are investing in predictive analytics in the next 12 months, and 50% consider artificial intelligence (AI) a major planned investment for 2019 to support their subscription-based business models.
  • New subscription business models and smart, connected products are freeing manufacturers up from competing for one-time transaction revenues to recurring revenues based on subscriptions.
  • By 2020, manufacturers are predicting 67% of their product portfolios will be smart, connected products according to an 

By Louis Columbus, 13 November 2018, 0 comments. Categories: Enterprise, Research, SaaS , Software.

How to protect healthcare IoT devices in a Zero Trust world

  • Over 100 million healthcare IoT devices are installed worldwide today, growing to 161m by 2020, attaining a Compound Annual Growth Rate (CAGR) of 17.2% in just three years according to Statista.
  • Healthcare executives say privacy concerns (59%), legacy system integration (55%) and security concerns (54%) are the top three barriers holding back Internet of Things (IoT) adoption in healthcare organizations today according to the 

By Louis Columbus, 08 November 2018, 0 comments. Categories: Applications, Data & Analytics, Security, Software, Vulnerabilities.

How tech leaders are looking to AI, IoT and robotics to fuel growth by 2021

  • 30% of tech leaders globally predict blockchain will disrupt their businesses by 2021.
  • IoT, Artificial Intelligence (AI) and Robotics have the greatest potential to digitally transform businesses, making them more customer-centered and efficient.
  • 26% of global tech leaders say e-Commerce apps and platforms will be the most disruptive new business model in their countries by 2021.
  • IDC predicts worldwide IoT spending will reach $1.1T by 2021.

These and many other insights are from KPMG’s recent research study 

By Louis Columbus, 07 November 2018, 0 comments. Categories: Applications, Hybrid, Research, Software.

How blockchain can improve manufacturing efforts in 2019

  • The business value-add of blockchain will grow to slightly more than $176B by 2025, then exceed $3.1T by 2030 according to Gartner.
  • Typical product recalls cost $8M, and many could be averted with improved track-and-traceability enabled by blockchain.
  • Combining blockchain and IoT will revolutionise product safety, track-and-traceability, warranty management, Maintenance, Repair & Overhaul (MRO), and lead to new usage-based business models for smart, connected products.
  • By 2023, 30%...

By Louis Columbus, 05 November 2018, 0 comments. Categories: Architecture, Blockchain, Platform.

A roundup of 2018 cloud computing forecasts and market estimates

Cloud computing platforms and applications are proliferating across enterprises today, serving as the IT infrastructure driving new digital businesses. The following roundup of cloud computing forecasts and market estimates reflect a maturing global market for cloud services, with proven scale, speed and security to support new business models.

CIOs who are creating compelling business cases that rely on cloud platforms as a growth catalyst are the architects enabling these new business initiatives to...

By Louis Columbus, 15 October 2018, 0 comments. Categories: Adoption, Big Data, Data & Analytics, Infrastructure, Research.

How identities are the new security perimeter

  • Privileged credentials for accessing an airport’s security system were recently for sale on the Dark Web for just $10, according to McAfee.
  • 18% of healthcare employees are willing to sell confidential data to unauthorized parties for as little as $500 to $1,000, and 24% of employees know of someone who has sold privileged credentials to outsiders, according to a recent Accenture survey.
  • Apple employees in Ireland have been offered as much as €20,000 ($22,878) in exchange for their privilege access credentials in 2016, according to 

By Louis Columbus, 03 October 2018, 0 comments. Categories: Data & Analytics, Data Management, Security, Vulnerabilities.

How AI and machine learning are redefining the war for talent

By Louis Columbus, 24 September 2018, 1 comment. Categories: Applications, Research, Software.

Why healthcare providers need Zero Trust Security to boost their digital initiatives

  • 58% of healthcare systems breach attempts involve inside actors, which makes this the leading industry for insider threats today.
  • Ransomware leads all malicious code categories, responsible for 70% of breach attempt incidents.
  • Stealing laptops from medical professionals’ cars to obtain privileged access credentials to gain access and install malware on healthcare networks, exfiltrate valuable data or sabotage systems and applications are all common breach strategies.

These and many other fascinating insights are from 

By Louis Columbus, 11 September 2018, 0 comments. Categories: Applications, Best Practice, Data & Analytics, Data Management, Security.

Why Google needs to make machine learning its growth fuel

  • In 2017 Google outspent Microsoft, Apple, and Facebook on R&D spending with the majority being on AI and machine learning.
  • Google needs new AI- and machine learning-driven businesses that have lower Total Acquisition Costs (TAC) to offset the rising acquisition costs of their ad and search businesses.
  • One of the company’s initial forays into AI and machine learning was its $600M acquisition of AI startup DeepMind in January 2014.
  • Google has launched two funds dedicated solely to AI: Gradient Ventures and the 

By Louis Columbus, 10 September 2018, 0 comments. Categories: Applications, Google, Software.

Glassdoor’s 10 highest paying tech jobs of 2018: Why it remains a software-defined world

  • Software engineering manager is the highest paying position with an average salary of $163,500 with 31,621 open positions on Glassdoor today.
  • Over 368,000 open positions are available across the 10 highest paying jobs on Glassdoor today.
  • $147,000 is the average salary of the top 10 tech jobs on Glassdoor today.
  • 12.7% of all open positions are for software engineers, making this job the most in-demand in tech today.

Glassdoor is best known for its candid, honest reviews of employers written...

By Louis Columbus, 29 August 2018, 0 comments. Categories: Economy, Software.

The global state of enterprise analytics 2018: How cloud, big data and AI are key to the future

  • 71% of enterprises globally predict their investments in data and analytics will accelerate in the next three years and beyond
  • 57% of enterprises globally have a Chief Data Officer, a leadership role that is pivotal in helping to democratise data and analytics across any organisation
  • 52% of enterprises are leveraging advanced and predictive analytics today to provide greater insights and contextual intelligence into operations
  • 41% of all enterprises are considering a move to cloud-based analytics in the next year
  • Cloud computing (24%), big data (20%), and AI/machine learning (18%) are the three technologies...

By Louis Columbus, 23 August 2018, 0 comments. Categories: Applications, Big Data, Data & Analytics, Enterprise, Research, Software.

10 ways to improve cloud ERP with AI and machine learning

Capitalising on new digital business models and the growth opportunities they provide are forcing companies to re-evaluate ERP’s role. Made inflexible by years of customisation, legacy ERP systems aren’t delivering what digital business models need today to scale and grow.

Legacy ERP systems were purpose-built to excel at production consistency first at the expense of flexibility and responsiveness to customers’ changing requirements. By taking a business case-based approach to integrating...

By Louis Columbus, 21 August 2018, 0 comments. Categories: Applications, ERP, Research, Software.

IBM’s 2018 data breach study shows why we’re in a Zero Trust world now

  • Digital businesses that lost less than 1% of their customers due to a data breach incurred a cost of $2.8M, and if 4% or more were lost the cost soared to $6M.
  • U.S. based breaches are the most expensive globally, costing on average $7.91M with the highest global notification cost as well, $740,000.
  • A typical data breach costs a company $3.86M, up 6.4% from $3.62M last year.
  • Digital businesses that have security automation can minimize the costs of breaches by $1.55M versus those businesses who are not ($2.88M versus $4.43M).
  • 48% of all breaches are initiated by malicious or criminal...

By Louis Columbus, 09 August 2018, 0 comments. Categories: Data & Analytics, Data Management, Security, Software.

Why enterprises feel more susceptible to threats than ever before

  • Identities, not systems, are the new security perimeter for any digital business, with 81% of breaches involving weak, default or stolen passwords.
  • 53% of enterprises feel they are more susceptible to threats since 2015.
  • 51% of enterprises suffered at least one breach in the past 12 months and malicious insider incidents increased 11% year-over-year.

These and many other fascinating insights are from SecurIT: the Zero Trust Summit for CIOs and CISOs held last month in San Francisco, CA.

By Louis Columbus, 13 July 2018, 0 comments. Categories: Data Management, Enterprise, Infrastructure, Security, Vulnerabilities.

Here's where business intelligence is truly delivering value in 2018

  • Executive management, operations, and sales are the three primary roles driving Business Intelligence (BI) adoption in 2018.
  • Dashboards, reporting, end-user self-service, advanced visualization, and data warehousing are the top five most important technologies and initiatives strategic to BI in 2018.
  • Small organizations with up to 100 employees have the highest rate of BI penetration or adoption in 2018.
  • Organizations successful with analytics and BI apps define success in business results, while unsuccessful organizations concentrate on adoption rate first.
  • 50% of vendors offer perpetual on-premises licensing...

By Louis Columbus, 05 July 2018, 0 comments. Categories: Big Data, Data & Analytics, Research, Software.

10 charts that will change your perspective of big data’s growth

  • Worldwide big data market revenues for software and services are projected to increase from $42bn in 2018 to $103bn in 2027, attaining a Compound Annual Growth Rate (CAGR) of 10.48% according to Wikibon
  • Forrester predicts the global big data software market will be worth $31bn this year, growing 14% from the previous year. The entire global software market is forecast to be worth $628bn in revenue, with $302bn from...

By Louis Columbus, 04 June 2018, 0 comments. Categories: Big Data, Data & Analytics, Software.

Three ways machine learning is revolutionising zero trust security

Bottom line: Zero Trust Security (ZTS) starts with Next-Gen Access (NGA). Capitalizing on machine learning technology to enable NGA is essential in achieving user adoption, scalability, and agility in securing applications, devices, endpoints, and infrastructure.

How next-gen access and machine learning enable zero trust security

Zero Trust Security provides digital businesses with the security strategy they need to keep growing by scaling across each new perimeter and endpoint created as a result of growth....

By Louis Columbus, 31 May 2018, 0 comments. Categories: Applications, Architecture, Security, Software.

Five reasons why machine learning can make resumes obsolete

  • Hiring companies nationwide miss out on 50% or more of qualified candidates and tech firms incorrectly classify up 80% of candidates due to inaccuracies and shortcomings of existing Applicant Tracking Systems (ATS), illustrating how faulty these systems are for enabling hiring.
  • It takes on average 42 days to fill a position, and up to 60 days or longer to fill positions requiring in-demand technical skills and costs an average $5,000 to fill each position.
  • Women applicants have a 19% chance of being eliminated from consideration for a job after a recruiter screen and...

By Louis Columbus, 14 May 2018, 0 comments. Categories: Applications, Software.

How to close the SaaS talent gap with machine learning capabilities

  • 80% of the positions open in the U.S. alone were due to attrition. On an average, it costs $5,000 to fill an open position and takes on average of 2 months to find a new employee. Reducing attrition removes a major impediment to any company’s productivity.
  • The average employee’s tenure at a cloud-based enterprise software company is 19 months; in the Silicon Valley this trends to 14 months due to intense competition for talent according to C-level executives.
  • Eightfold.ai can quantify hiring bias and has found it occurs 35%...

By Louis Columbus, 30 April 2018, 0 comments. Categories: SaaS , Software.