Group items tagged

Enterprises across the board have a lot of untapped potential in their data. The data is not only relevant and useful within the enterprise but can be a valuable source of insights for the enterprise partners and customers. In some cases, the value of this data can be high that partners and customers are willing to pay extra to get access to this information at a certain fidelity, freshness or scope. Enterprises that do not have a clear and coherent monetization strategy are leaving money on the table. In addition, they stand to lose customers to competitors who gain the first movers advantage by addressing this market need. The Value of Data The first step in determining a monetization strategy is an audit of the enterprise data assets and a determination of the customers who are interesting and willing to pay a premium for access to this data. The Value of Data is proportional to the following: Freshness The more "fresh" a dataset is higher its value typically. This is because there is an advantage in the early visibility provided by first access to new information. 'Freshness' is defined the latency between the creation of data and the delivery of the data to the consumer. Consumers of data will pay a premium for fresh data if it fits into their decision and action strategy. Fidelity Higher the "fidelity" of data i.e. how much detail a particular data point carries also increases the value of the data in the eyes of the data consumer. Higher fidelity data offers more information and detail enabling the consumer to design highly valuable analysis that leverages the additional details offering a deeper insight into the situation at the present or historically. Raw The more "raw" a data set, higher its value as it can support a much larger set of analysis scenarios that a processed data set could support. Data sets that are aggregated, sampled, filtered or transformed can have a lower value as they can severely limit the type of analysis. Raw

A pitfall in the path to innovation and disruption is the lop sided focus on "creation" and not enough focus on "consumption". Creation is the process of creating platforms, products, and solutions where as consumption focusses on ensuring that the created artifacts deliver the intended value. Too often enterprises get caught up in "creation" or enabling "creation" and lose sight of the fact that without consumption, anything they create is bound to be a failure. Creation & Consumption can not be Sequenced A misconception that often exists is that "if we build it, they will come" i.e creating the product and solution is enough and its existence will automatically lead to consumption and value generation for the customer. However, creation and consumption cannot be sequenced i.e. made a focus sequentially. Creation and consumption only succeed when they go hand in hand where tight, iterative loops ensure that the creation is informed by consumption trends and feedback and that consumption is also leveraging the latest creations. What Does A Lop-Sided Focus Look Like The top 3 signs of this lop-sided focus are as follows Focus on Building Platforms When the focus of the enterprise is building platforms and when customer value is only created when a developer leverages the platform to build a customer facing application, it often means that the effort invested in the platform has no ROI. When the focus is on platforms, application investment suffers and the platform builders get sidetracked with platform KPIs as opposed to business value KPIs. The platform builders might only focus on "Developer" satisfaction when ultimately, customer satisfaction matters for the business. Focus on Tools, Not on Solutions Another sign of lop-sided investment is a focus on tooling at the expense of solutions. Enterprise teams can often go overboard with building large libraries of tools and using the adoption of the tool as a metric of success. However, simil

Does your facility have pipes? If so, those pipes need labels. While pipe labeling may seem like a confusing process with many requirements, it doesn't have to be difficult. Starting with a plan will make your pipe-labeling project easier and more organized. Then once your facility's pipes are labeled, you'll see communication about pipes improve. Using visuals like labels makes communication direct and simple, and it reduces the need for asking questions about pipe contents. Before you begin marking pipes, you should understand the basics of pipe marking. Take a look at these seven things you should know before you begin the pipe-marking process. 1. Workers Need to See Pipe Labels, and So Do Emergency Personnel Labeling pipes will primarily help your workers and any maintenance personnel who may need to service pipes. Therefore, you'll want to keep this main audience in mind when you establish your pipe labeling system. It's possible you'll have additional people who enter your facility and need to know what's in your pipes, though. In an emergency situation like a fire, emergency responders may need to know which pipes contain fire-quenching liquids. If an accident involving a pipe containing chemicals occurs, an emergency response team would quickly need to know what chemicals it's dealing with. Because these additional members of the community may be reading your pipe labels, it's important to follow industry standards for pipe labeling instead of having an internal system that only your workers understand. 2. Colors Should Be Standardized Pipe Marking, Pipe Labels To make it easy for workers, emergency responders and other pertinent personnel to read and understand pipe labels, the labels should be color-coded according to the ANSI/AMSE 13.1 standard. The standard assigns six main colors for pipe contents: Yellow Background with Black Text - Flammable Fluids & Gasses Red Background with White Text - Fire-Quenching Fluids Orange

Lean Management - A Guide To Starting Out Right Much like anything over-used and spread before those singing praises have done a lot of research, Lean is a concept that sometimes, despite the best of intentions, misses its mark. Lean principles aren't particularly tricky, but with many offshoots and brands of the ideology, it can be easy for new Lean managers to get caught up in misinformation. At its core, lean is about eliminating all kinds of waste from your business. It sounds simple enough, but one of the biggest problems for many newbies is changing your concept of just what "waste" is. Once you've got a grasp on that, you need to move onto individual strategies that can help you eliminate that waste. In this article, we're going to go over how to accomplish both of these tasks as a manager who may be new to Lean by exploring unique facets of this management type and how they interact with elements of your business. One of the largest differences between Lean management and traditional styles of management is that in a traditional methodology your primary (and nearly sole) concern is the end of the line result. While Lean is of course concerned with achieving superior end results, its focus is on the processes that get you there. In this sense, what you learn and practice as a Lean manager is more about making individual pieces work together efficiently than having a tunnel-vision focus on numbers and figures at the end of the cycle. The Relationship Between Lean management, Waste Elimination, and Continual Improvement "If someone tells you that "lean management is this" and not something else, if someone puts it in a box and ties a bow around it and presents it in a neat package with four walls around it, then that someone knows not of what they speak. Why? Because it is in motion and not a framed picture hanging on the wall. It is a melody, a rhythm, and not a single note." - Lawrence M. Miller, Management Meditations While perhap

Catchball may sound like a game of throwing and catching a ball, and in Japan it is a game just as that. However, catchball is also a common business practice used in lean businesses during the strategy deployment phase of Hoshin Kanri or simply Hoshin Planning. Needless to say, it does not include the use of an actual ball. Instead, it is more of a figurative term used to describe the process of sharing thoughts, ideas, and comments regarding proposed business or process changes and improvements. Instead of tossing a ball from person to person, think of it more as tossing thoughts or ideas from person to person. Catchball is an active communication session where participates are urged to contribute in order to explore all possibilities and come up with diverse working solutions and ideas. During catchball questions are answered, strategies are explored, priorities are defined, and shared understandings are built. Just as meetings can be formal or informal the same goes for catchball sessions. However, one difference between a meeting and a catchball session is that in catchball everyone should be contributing, while meetings are often led by a manager or similar ranked personnel while everyone else basically listens and takes notes.

A3 image via Reliableplant.com Today, I was looking for a decent A3 problem-solving template for an engineering friend who was planning on implementing a lean program for his company, and I came across a helpful article on ReliablePlant.com by Larry Rubrick and a cool A3 powerpoint presentation at PowerShow.com (don't hit download, just hit play). As many people may know, the A3 format originated around the type of paper (A3, 11″x17″ sheet) that the Toyota Production System engineers used to base their problem-solving templates - with the mindset that using only one piece of paper kept the thinking process focused and simple. The A3 is said to be one of the main building blocks of Lean thinking. On the report, a problem is identified and then it follows a process of successive stages (including objectives or goals) by which it may be solved, or at least lessened. I liked the examples Rubrick offers in his post, starting with the requisite Toyota A3, and moving on to others, including an A3 at Ford in the United States (which is meant for a typical copy paper size, 8.5 X11). Other A3s can end up getting more illustrative, but the gist of it is best represented in the simplicity of the TPS template, I think.

VPN, i.e., Virtual Private Network, establishes a secure connection to public and private networks over the Internet. VPN helps to protect your identity and provides a secure network for accessing data. Initially, the VPN connects business networks securely over the Internet. It also allows you to access a business network from home. What is a VPN? How does it work? Why should you use it? These are some common questions that come in the mind of every person who wants to use a VPN. So, let's find out the answer to all these questions. Contents [show] How Does a VPN Work? How Does a VPN Work It is not rocket science to understand how a VPN works. We can simply learn the process of VPN by reading the following steps. Step 1: At first, you need a reliable VPN provider (ExpressVPN Recommended). Then download and install the software. Now select the preferred security settings and set up a safe connection with your desired VPN server. Step 2: After the connection is established; VPN software encrypts your data traffic on your computer and sends it to the VPN server through a secure connection. Step 3: The VPN server decrypts the encrypted data from your computer. Step 4: Your data is being sent on the Internet by the VPN server and receive a reply, which is meant for you. Step 5: This traffic is again encrypted by VPN-server and is sent back to you. Step 6: VPN software will decrypt the data on your device so you can understand and use it. Why ExpressVPN is the Best? The best thing I like about ExpressVPN is that it has a no-logging policy. Apart, from this ExpressVPN is fast, secure, and keeps your IP hidden. ExpressVPN allows you Torrenting/P2P and even works with Tor for the maximum level of privacy. It has a user-friendly interface and a great design that is easy to operate. ExpressVPN uses the government-grade encryption method as default. You can even try doing it manually. ExpressVPN is the best excellent premium VPN service to trust and work.

Pandemic & Natural Flu Prevention with Simple Daily Habits The current Coronavirus Pandemic sweeping the world is causing all of us to look at our daily habits. Most of the focus has been on hand sanitation, covering your mouth if you cough or sneeze, and keeping your distance from people who may be at risk of spreading the virus. However, a more prudent action to take would be to look at the daily habits you have in place which could protect you long term from being in the high risk group of most likely to suffer severe consequences from contracting a virus such as COVID-19. Rather than resort to waiting for an immunization to emerge, you could start now to adopt daily habits that support natural pandemic and flu prevention. This high risk group comprises people over the age of 60 who are immune compromised and/or have an underlying health condition that makes them more susceptible to disease and death from that disease. Unfortunately, the health of our population as a whole has been declining for many years now. Have a look at some of the statistics: From 1990 to 2013 there was a 141% increase in deaths from Heart Disease. From 1996 to 2009 there was a 145% increase n people suffering from Asthma From 1999 to 2015 there was a 150% increase in Inflammatory Bowel Disease From 1990 to 2015 there was a 250% increase in Epilepsy From 1999 to 2010 there was a 300% increase in Diabetes From 1996 to 2018 300% more births required fertility treatments. From 1991 to 2015 there were 783% more deaths from Alzheimer's Disease From 1990 to 2018 there was a 4,200% increase in Autism Common diseases are now increasing at epidemic rates, but none of this is hitting the headlines of our mainstream media! What could be causing this massive decline in our population's health, and therefore making us more vulnerable to pandemics like COVID-19 and seasonal flu viruses? Nutrient Deficiency Diseasesmineral-defiency-deseases-and nutrient deficiencyDr Wallach has been saying for man

Natural Dead Sea salt with organic minerals and trace elements, containing iodine, bromine, potassium, magnesium, calcium, iron, silicon and sulfur. The salt is used as preventive, toning and cosmetic. * Helps improving blood circulation and metabolism * Calming skin, relieve stress and muscle tension * Balancing hormonal disturbances * Has an antiseptic effect * Stimulating fast renewal of tissue * Helps stimulating the healing process and protect the skin from inflammation * Helps saturating the skin with oxygen and stimulating renewal processes of skin cells Link to shop: https://deadsea-cosmetic.com/products/100-natural-pure-dead-sea-salt Link to dead sea cosmetics: https://deadsea-cosmetic.com/

Barclays, the U.K. banking behemoth, is challenging Barclays To Host Blockchains Hackathon developers to assist refurbish the worldwide derivatives market next month at a hackathon. Disclosed to the media this week, DerivHack will take place at Barclays' Rise accelerator spaces at the same time in New York and London on September 20 and 21, 2018. The ISDA (International Swaps and Derivatives Association), Thomson Reuters, and Deloitte are co-sponsoring the hackathon.

For numerous students, having to pay for school might be a difficult process. Nonetheless, you needn't be wealthy or have a healthful faculty fund at your disposal so that you can finance your college occupation. There are plenty of solutions available to pupils who don't are convinced they can pay for a faculty training.

Understand the whole process. Come up with a plan. Enlist powerful people as moderators. Announce and promote your Twitter chats.Once you and your Internet marketing expert have the background, the next crucial step is setting things up.

Choosing free blog hosting can be quite an overwhelming task. Knowing what your options are can make the decision process simple and easy.

We are a different AI company. See how our LearnCloud brings together your entire enterprise to operate on the same "information plane" towards an exponential increase in efficiency. Jenny is responsible for customers at Acme Corp Jenny feels she is driving blind. She realizes the ground truth but often it is too late. The information is spread across multiple applications & systems. Even when available, it does not help her look into the future so that she can act & save the day Sarah is a Support professional at Acme Corp Sarah feels she has her hands tied behind her back. She has to manually process each & every issue. Her job is tedious and inconsistent. She is not able to leverage patterns across issues & across support professionals. John is a salesperson at Acme Corp John is frustrated with antiquated tools & late arriving insights He has to manually scour the internet for information about his prospects & their changing strategies. He has to talk to many people to understand the state of the customer. By the time he understands the current state, it is often too late to prevent abandonment or drive the expansion People like them encounter these problems all the time which causes frustration and attrition for them and their customers. How does this happen?

One of the most common misconceptions out there is the belief that technology equates innovation. Innovation is the creation of new value through a better solution for a problem that either does a better job in solving the problem or does so in a manner that the solution is accessible in a larger set of circumstances by a larger number of people. On the other hand, technology is simply the tooling that holds the promise of new solutions but by itself, is meaningless. Enterprises can become enamored by the promise and hype about technology and go down long, complex journeys, invest millions in upgrading technology and still come out empty on the other side because they built technology for technology's sake. Even in well intention boards and C-suite, industry peer pressure and hype around technologies can force action that ultimately leads to massive investments in people, software, technology, and vendors but does not yield the ROI promised by the technology. Leadership The problem can be accentuated when not enough due diligence is done on the applicability of the technology to the enterprise given the current state i.e. the point in time when the technology is being introduced, the customer's propensity to accept the technology-driven solution i.e. are the users ready to embrace, adopt, learn and utilize new solutions and burning problems that necessitate the adoption of new technology to better solve the problem. When the timing of new technology introduction is gotten wrong, it almost always fails to deliver on its promised ROI. Leaders need to rise above the hype and peer pressure and ensure that they understand, first and foremost, the burning problems that plague their customers or make the bedrock of their future strategy. Next, leaders need to ensure and validate that the technology in mind can actually be used to solve the problem through rapid prototyping and minimal investment. Once customer feedback on the prototype has been validated, then only

Digital Transformation is a huge topic now. Most software vendors have adapted their products to include the Digital Transformation message. Transforming into a digital company is no longer a choice and it is clear that the companies that transform faster can develop a competitive advantage that will serve them for years while the companies that do not will slowly fade into irrelevance. Digital Transformation is the change in an enterprise that makes it acquire and deploy the best in class technology assets and systematically removing analog or manual touch points, handoffs, processes and decision making. It is the ability of the enterprise to understand, assimilate and leverage the latest technology trends such as cloud, mobile, APIs, AI, Blockchain, ChatBots, Analytics, IoT etc.

Enterprises have to constantly decide, at every step in their digital journey, should they build or buy. This question often is posed as a critical, do or die decision and the answer varies on a case by case basis. Building can be expensive, take longer but offers future proofing and more dependability whereas buying offers a faster time to market, less risk and accountability forced through contractual terms. However, a key point often overlooked is the cost of integration. Integration can be required at multiple levels. Vendor Applications Vendor applications typically require a two-way connection between the enterprise systems and the vendor application. The application requires incoming data and information from somewhere in the enterprise technology stack and an output stream of information back into the enterprise at one or more points in the stack or workflow. Vendor Platforms Vendor provided platforms typically have similar integration requirements as Vendor applications requiring an incoming data & information connection and an outgoing information connection into the enterprise process, workflow, platform or product. Application-To-Application Application to Application integrations where an application needs to be connected to another application to either provide data or signals to enable the downstream application to create value can be seemingly deceptive. Application-To-Application integration costs can grow at O(n^2) as potentially, worst case, each application could be connected with every other application. Enterprise Stack Fragmentation The problem of integration is exacerbated by the fragmentation of the enterprise at the organization level. This problem is also known as "Shadow IT" is driven by superficially differing needs of multiple lines of businesses in an enterprise. Shadow IT typically leads to multiple instances of similar technology stacks that cause data, compute and information to be silo'd. Stack fragmentation and its

It's not too late to jump on to the Blockchains trend. We often hear from customers whether it is too late to get behind blockchain. The number of startups in this space is growing rapidly and the number of large ISVs and SIs providing blockchain capability and expertise is also increasing. However, the market and the technology space for blockchains is far from saturated, settled or stable. Here are three reasons why now is a good time to get into blockchains Early Mover Advantage Blockchains are bound to disrupt fundamentally how business is done. By enabling trust in an otherwise trust-deficient environment, blockchains enable transactions between two or more enterprises who otherwise might not know about each other. Blockchains offer solutions to several common problems faced by the enterprise such as Digital Identity, Secure Data Storage, Secure Data Sharing, Distributed Ledger, Distributed Databases etc. Blockchains are based on strong cryptographic standards based in mathematics, cryptography, and encryption. Building blockchains as a core competency requires a deep understanding of the mathematics behind it and an internal process for deploying, managing and developing on top of the blockchain. Early mover advantage can be generated by taking small steps in this area and targeting simpler scenarios initially. Nascent Technology It is going to take another few iterations of the blockchain technology before it can truly be enterprise-ready. There is a lot of ongoing work to make blockchains more secure, scalable and performant. Innovations are constantly being made and added to the core blockchain technology that is constantly increasing the type and complexity of applications that it can support. As the technology matures, enterprises can be well suited and ready to leverage the advancements by building a core competency in not only the blockchain technology but by becoming a member of the blockchain community, standards and keeping up to date with th

One of the key milestones on the Digital Journey starting with a Digital Strategy, Digital Transformation and then sustaining on Digital Innovation is the point where the enterprise reaches a point of data maturity powered by a single, organization wide, consistent version of the truth including the state of the customers and the state of the business and the state of the employees. This point is critical as it becomes the launchpad for several, forward looking initiatives including Artificial Intelligence, ChatBots, Blockchain etc. "Complete" A Complete version of the truth ensures that the following criteria is met: Entity Pivot The key entities that need to be tracked to generate a complete, comprehensive version of the truth are the following Employee Employees, regardless of customer facing or not, need to be understood including where they excel vs. struggle and where their struggle impact the customer experience. Key information about employees that should be tracked is what the employees are working on, how productive they are and how often they introduce delay and errors in business processes. Business Business visibility requires that the enterprise be able to track key metrics such as customer lifetime value, customer attribution, customer acquisition cost and customer satisfaction. In addition, the stage of the customer ranging from prospect to commit to paying customer to abandoned needs to be tracked. In addition, the customer's quality of service and experience needs to be tracked and understood. Customer The most critical of the three is the understanding of the customer. Customer KPIs have a direct impact on and are completely impacted by the Business and Employee KPIs. It is extremely important to understand how customers are searching for, discovering, learning, understanding, using and continuing to use the product and services delivered by the enterprise. In addition, it is important to understand what capabilities drive what kin

There are many areas in life in which we employ little tactics to help improve safety. For instance, we wear our seat belts to help stay safe while traveling in a vehicle and we also make sure our shoes are tied so we don't trip and fall while out and about. These safety actions are almost automatic as many people don't even have to think about doing them, they just happen out of pure habit. Not only do these little safety practices help to keep us safe, but they also add to the safety as others as well. For instance, if a person working in a warehouse is walking around with untied shoes, he or she could slip and fall and essentially bump into and take down another employee as well. Safety practices when done correctly really have an impact on almost everyone, especially in the workplace. There are many different small safety practices or items that can be done or utilized to help greatly improve the safety for everyone. It is important to remember that safety isn't always expensive. Sometimes safety is just about keeping a shoe tied, or hair pulled back. Here are some safety tips that won't break the safety bank: · Training - This one is my favorite. The truth is, we can add all the PPE (Personal Protective Equipment) we want but it won't really mean much unless the employees have been properly trained about safety. Employee training should always be the first line of defense against workplace hazards. Furthermore, training is cheap and can often times be 100% handled right in house. · Add Some Gloves - It is estimated that nearly 25% of workplace injuries involve the hands and fingers. Avoid this type of injury through the utilization of proper safety gloves. Gloves are effective as they provide a barrier between the hand and harmful elements such as chemicals, high temperatures, and items which may cause cuts or lacerations. Gloves are very cost-effective and are often an easy practice to implement. · Goggles aren't just for Swimming - I