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Deloitte on the ingredients boards need for success (in 2016)

February 13, 2016 Leave a comment

In a recently published report, Deloitte highlights some concerns boards should have in order to maximize their performance, given the economic and investment environment, and also the current trends relevant shareholders are focusing on these days.

 You can download the report here, (1), but I will in this post refer to one of the topics they deal with, “Innovation”.

 Marc Van Caeneghem and Takeshi Fujii refer to changes in the environment coming from the technological side, (not always but eventually in the shape of disruptive new business models), and from the new relationship among employees and between them and the firm.

 They state that boards need to prepare their organizations to identify and seize opportunities to increase their market share and brand power. And there are two ways boards need to tackle the challenge: (i) they need to assure the firm is aware of how technology helps them do more, (new markets, or more share), and (ii) they should also consider the risk of the no-innovation option.

 In order to do this, Van Caeneghem and Fujii list a number of tasks: Read more…

Big Data. New realities and implications for Boards and Directors

October 23, 2013 Leave a comment

In recent times, a decent number of articles about Big Data have been published, basically suggesting its great capacity to add value to our organizations. Some even say it is part of the 21st Century fingerprint for progress (jointly with social media, mobile and cloud computing). (4) What`s behind that name? Let`s try to clarify the concept and usefulness of Big Data.

What is it? How can it be defined? and its effects relevant?

The fact is more and more data are collected everyday; everything we do is data producing or data driven.

Big Data is partly made of the different databases stored in data centers, but in order to build Big Data (BD), firms must add:

–         Dark data, which are collected informally while doing business, in most cases in non electronic formats,

–         Internal unstructured data,

–         Machine data, (provided by sensors such as security cameras, etc),

–         Databases external to the company, (universities, and so on), structured or not

Businesses should be able to gather information in every point a customer acts in the revenue chain, and the same can be said of the supply chain. Read more…

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