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Every company experience the impacts of inaccurate decision making, from misallocating the resources to wasting time on unnecessary projects. Biased decisions will eventually affect the bottom line.
According to a Deloitte survey, 49% of respondents stated that data analytics helps them to make a better accurate decision, 16% of others agreed that it helps elevate key strategic initiatives, and 10% of respondents say that it helps improve relationships with customers and partners.
However, in order to unlock the maximum potential of data, you need to know how to get the most value from your data.
Unify, process, and visualize your data effortlessly with Volantis!
The current pandemic shows that our world needs urgent action to be taken in order to improve the global healthcare system. Also, with the increase of the global population, enhancing healthcare systems should be the top priority.
According to the McKinsey report, automation and digital enhancement in healthcare have successfully prevented up to 95% of adverse drug events, saving lives by enhancing care recommendations, and reducing cost 7 to 11 percent.
Data has become one of the primary aspects in order to have a successful digital transformation, in fact, it acts as the main fuel to keep the digital transformation going.
According to Mike Rollings, Research Vice President at Gartner, Leaders need to look at data first to succeed in their digital initiatives, rather than treating them as an afterthought to help with ad hoc projects.
Analytical data is powerful to grow your business, bringing data to be the main aspect of business with effective visualization and communication approaches, and let data fluency empower your organization.
Industry 4.0: The importance of data fluency during digital transformation Analytical data is powerful to grow your business, bringing data to be the main aspect of business with effective visualization and communication approaches, and let data fluency empower your organization through digital transformation.
The utilization of big data could shine a light on a dark corner of an enterprise. Large amounts of well-managed data will deliver a better understanding of operations, customers, and markets when integrated within analytics.
According to McKinsey, Big data helps organizations to accelerate digital transformation, it’s also able to generate significant financial value across sectors.
According to a study by the Aberdeen Group, 74% of best-in-class organizations consider visibility into the performance of operations as the leading capability of Industry 4.0. In this digital era, businesses have to revolutionize in order to meet the expectations of both customers and to stand out among competitors.
It doesn’t matter whether the Industry 4.0 revolution has hit us or not, it’s about how quickly your organization can be equipped and turn this moment as an opportunity and turn it into a competitive advantage.
Businesses in every industry are under highly intense pressure to reimagine their customer value proposition and operating models to be able to match with customer expectations in industry 4.0 or digital era.
Physical and digital aspects of the business need to be maintained together without alienating customers and creating another level of unnecessary complexity.
According to IBM, The path to digital transformation will vary for every business in different industries, the organizations who refuse to change may limit their own opportunities for future success.
With the advancement of technologies comes disruption of currently well-established systems across many sectors of society, this situation called “digital disruption”, which is the disruption to the market. The Oxford College of Marketing describes this concept as a transformation that occurred as a result of the continued invention of new digital technologies and business models.
The degree of Digital Transformation of business models including incremental and fundamental change of business models. The reference unit with regard is mainly the customers, but digital transformation also affects its own business, partners, industry, and even competitors.
In today’s connected world, the era powered by technology and the internet or commonly known as Industry 4.0, customers are more educated and have higher expectations than ever before. Thus, not only large enterprises that have to acquire digital transformation but SME (Small-Medium Enterprises) also need to keep up with the current competition.
According to SMB Group’s 2017 US Small and Medium Business Digital Transformation Study around 75% of SMEs agreed that digital technologies impact the way they do business. However, the data stated that only 1 in 4 SMEs has invested in digital transformation, which is a shockingly low number.
COVID-19 pandemic only reassured that digital transformation is needed, the manufacturing and logistics sectors need to be automated.
According to a Bloomberg report, Tsubakimoto Chain Co. is seeing an increase in demand for technology that can help companies in warehouses and factories.
In this moment of crisis, organizations are trying to stay productive, thus, remote work has become exceptionally effective during a pandemic, organizations are allowed to reconstruct how the communication and coordination happens.
According to research done by Prithwiraj Choudhury, remote work benefits both parties, organizations are able to reduce the office costs and employees are more productive while working from home
Focusing on customer experience is the key to success for B2B companies, B2B is much more complex than B2C as customer experience has to be approached in two ways which are individual and organizational.
A good experience will be one that removes the complexity of the process from the earliest basic engagement to the process of buying the products.
According to Forbes, COVID-19 is forcing businesses to speed up the timeline of their digital transformation. The last 6 months of 2020 have produced more digital transformation than the last decade.
There’s an urgent need to be more reliant on digital technologies as we have to follow health and safety regulations by physically distancing ourselves. While the 2020 digital transformation has benefited us in many ways, some aspects are more urgent than others during this pandemic, such as 24/7 secure connectivity.
COVID-19 Pandemic has brought extensive lockdown and other several uncertainties, customers are relatively becoming more technology-reliant and digital savvy during this crisis.
Organizations are expected to identify and analyze which customer behavior or pattern that will last for a longer period of time as some behavior will stay and shape the customer experience after the pandemic is over. McKinsey stated that many organizations are accelerating the digital transformation to fulfill customer expectations.
It’s essential to pay attention to the future competitive landscape, considering the changes caused by COVID-19 crisis will shape the “Next Normal”. According to McKinsey, Companies who led the way to adopt digital technologies and agile business models have shown substantial improvements in both ex*****on and result. Adopting advanced digital technologies enable organizations to create new value with a faster and better approach. COVID-19 pandemic has exposed remarkable opportunities, and it might be a massive one.
According to IDC, One of the most effective ways to successfully achieve digital transformation and prepare your company in the industry is through utilizing a data-driven strategy. Data-driven strategy tends to have higher chances of success as it is able to provide real insight based on the integration of real cases. In 2018, Big data was the number one investment, this includes data visualization tools and machine learning.
According to Harvard Business Review, many companies are questioning their viability post-pandemic, including those companies in the industry that got hit the most by this COVID-19 pandemic.
As a business, it's important to have a thorough data-driven plan in order to develop a smart and sustainable plan that involves advanced technology.
Kate Smaje, the global leader of McKinsey Digital, stated that businesses have to act faster than ever on digitization on one of the McKinsey reports. She believes that technology is both a threat and an opportunity for businesses.
It’s crucial for organizations' leaders to act accordingly to disruptive competitive threats, also exploit the possible opportunities from utilizing advanced technologies to maximize the business.
According to IBM, in industry 4.0, most successful companies are unleashing the power of the market by creating platforms and creating new value for customers that are fueled by data. In order to stand out from the crowd, businesses need just the right digital strategy to match their digital transformation efforts.
Technological changes are inevitable for organizations in various industries, it’s either adapt or die. Along with the utilization of advanced technologies, organizations’ leaders have to prepare their employees to support the digital transformation itself, creating a workforce that is suitable for innovation.
Kai Riemer, the professor of Information and Technology (University of Sydney) stated that “Disruptors don’t set out to beat you at your own game — they change the rules.”
The volume of available data has grown aggressively, more advanced algorithms have been refined, the storage and computing power have steadily improved. The concurrence of these advances is driving technological movement and business disruption.
“Analytics technology has evolved to a point where it adapts to the needs of employees and customers, users are no longer forced to adopt traditional approaches,” stated Alexander Linden, research vice president at Gartner.
However, making sense of data can be quite challenging especially when the volume is so huge, it’s very overwhelming. McKinsey Global Institute estimates that businesses actually only capture one-third of their data potential value.
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According to research done by BCG (Boston Consulting Group), 43% of financial institutions that being surveyed don’t have a thorough digital strategy. Even though corporate banks have done several digital initiatives, but with tougher competition in Industry 4.0, banks are required to develop a more coherent digital strategy to win the game in this digital era.
The path won’t be easy, but it’s possible. Every digital transformation will need analysis from a strategic perspective. Initial market positioning and capabilities assessment are crucial.
Industry 4.0 will drive many innovations like never before, "disturbing" our world that we know inescapably.
Clayton M. Christensen, Harvard Business School professor has revolutionized the concept of disruptive innovation, which referred to as the technology mudslide hypothesis.
The hypothesis basically states that an established firm fails because it’s unable to cope with the technological advancement of competing firms. The revolution is happening faster than we think, that’s why It’s crucial for organizations to start transforming digitally in order to stay competitive.
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Digital transformation is significantly improving an organization’s performance. Tougher competition, advanced technologies, and demand from customers are forcing organizations to operate with more creativity and agility than ever before.
Innovating creatively through social media to get ahead of the competition is one of the most effective ways for any organization to compete in Industry 4.0 and accelerate digital transformation. What do you think?
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For decades, the standard model for targeted marketing has been to find similar behavior on consumers. However, in today’s world, where hyper-personalization is possible, this trick of “good for the goose, good for the gander” is not relevant anymore.
Organizations marketing strategists are taking advantage of the huge leaps in technological innovation to reach the customers when and where it matters.
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Governments around the world are advancing their use of big data on tax. helps the government to begin sharing tax information between departments, store the data, process the data into valuable insights, creating single view compliance, prevent , improve accuracy, and last but not least perform .
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Modern organizations wish to maximize the potential of their customer data with automated marketing tools. The automation efforts focus mostly on algorithms and predictive analytics, but the magic happens one layer below that, the automation is only possible thanks to unified data.
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In this digital era, business have been connected to massive data through various digital tools today. Different functions (department) in the organization produced their own data that can be different or even overlapping with one another. However, companies need the right amount and mixed of data to give them valuable insights for making the right decision for their business strategy.
In this Data Innovation Roundtable Session, we are going to learn what good mixed of data is useful that companies need in making turn around decision during crisis, and how collaboration of different functions in the organization need to take place in order to produce the good mixed of sound data.
Join us in, Data Innovation Roundtable Series: “How Data Can Influence Your Decision Making Process,” presenting 3 panelists who will share how they generated well-mixed of data to influence their decision-making process.
Register at: bit.ly/DIRS-DataInfluence
For more information about Innovesia products and services, you can visit www.innovesia.co.id.
For more information about Volantis products and services, you can visit: www.volantis.io
For more information about BOI Research products and services, you can visit: www.boi-rs.com
The use of IoT in government is extremely valuable as it offers a wide possibility of enhancement for various services that can be offered to the public. The critical issue in IoT is the management of data, big data is able to manage data in a very advanced manner. Learn more about big data through our free consultation https://bit.ly/30CydMN
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The use of in organizations create power balance in organizations, also promotes collaboration across an organization that leads to a better outcome. In today’s world, providing the right data to the right employees become essential to stay relevant in rapidly changing environments. Available data across allows a combination of insight and local knowledge to create solutions that best serve customers.
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is getting more advanced in taking over human roles with fast ex*****on and lower cost. Just like AI is used in our everyday lives, it’s increasingly part of our healthcare system from automating drudgery, medical practices, managing patients, medical resources, and many more. AI in refers to hospitals accessing data sets that could potentially save lives; this includes but not limited to treatment methods, survival rates, outcomes, speed of care, etc.
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Rapid growth and advancement of AI all over the world have benefited many fields, eCommerce is one of the industries that is mostly benefited by the existence of AI, in fact, the industry is now dominated by AI.
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Cloud Computing has the power to significantly scale global demands, creating countless opportunities for businesses and customers. It allows individuals to access their file anywhere and anytime. Transitioning to cloud computing has enabled businesses to manage disruption in a better way, reinventing business models and improving massively to deliver high performance. Failing to embrace this technology transition can leave the industry in the dark.
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The rise of the new industrial era or commonly known as Industry 4.0, the transformation indicated by the ability to collect and analyze through different machines, enabling faster and efficient processes in the manufacturing industry.
This revolution will definitely change the competitive landscape of organizations and countries across the world as it will increase productivity, advance industrial growth, and modify characteristics of the workforce. Is your business ready for industry 4.0?
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Volantis has helped various organizations across industries to accelerate digital transformation effortlessly, we are here to provide solutions to your complex business problems. Other than that, Volantis platform facilitates simplicity allowing everyone in your organization to access and process the data with simple pricing methods. Transform your business now as we offer free consultation https://bit.ly/30CydMN
Accelerated migration towards digital technologies due to a global pandemic outbreak will continue even in the post-pandemic period, in fact, the recovery from the outbreak will be digital. Digital technology helps the economy flow throughout a pandemic and it has the power to boost recovery too.
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Volantis has helped various organizations across industries to accelerate digital transformation effortlessly; our AI platform facilitates simplicity and provides solutions to various complex business challenges. Contact us for free consultation at https://bit.ly/2Da5yoV
is accelerating digital payments and the structure of the industry. Luxembourg for Finance suggests that the changes as the result of this pandemic is pushing what were powerful disruptors such as credit and debit cards, to become disrupted.
This intensifies by the newer solution which is digital wallets, it gains traction globally especially for the younger demographic. COVID-19 pandemic will strengthen the shift from card payments to digital payment both in-store and online. Younger consumers born after 1998, who have grown up with internet and digital tech prefer to use than traditional card or cash.
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Digital transformation will help you identify new opportunities and boost performance. Volantis helps many organization to accelerate digital transformation in order to stay relevant and competitive in the new digital era. Contact us for free consultation https://bit.ly/2Da5yoV
Covid19 Pandemic Increased Digital Payments The regulations established during COVID-19 pandemic such as social distancing might stay with the world for years even after the cure is found. People with no access to digital payments will miss out on tools to ensure that they obey the regulations during an outbreak but also the advantage of fina...
our population is growing intensely and a big majority of the population will live in cities by 2050. In the present, cities consume 75% of global resources which generate 80% of greenhouse gas emissions, this is the main reason why cities must urgently transform into smart cities, because in the next few decades there’s a huge potential of severe negative impacts for our environment globally.
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The only solution is to transform our cities into smart cities. To make smart cities happen and continuously grow, it requires local authorities and organizations to cooperate more than ever before. Consult with us to know more about smart technologies.
During this time, it’s extremely crucial to stand strong together, through the use of technology it’s very possible to help our nation to stand strong together against COVID-19 by providing real-time analytics.
PT Telkom Tbk via Metra Digital Innovation (MDI) venture, together with startups in Indonesia: Volantis, Qiscus, Kata.ai, and Qlue,created a program called Indonesia Bergerak to provide a solution against COVID-19. Indonesia Bergerak is a website presenting data of COVID-19.
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Happy Eid-Al-Adha ! Wishing you peace, joy, and good health.
Selamat Hari Raya Idul Adha 10 Dzulhijjah 1441 H!
Have you ever wondered how much data is averagely generated by one person?
The answer is 1.7MB for every second, yes! Every second, you read that right.
Now Imagine how much data will be generated by one person in a minute, a day, a month, a year!
That's a lot of data and this is only data generated by someone.
That's why big data is complex, but this scattered massive data is worth to be processed as the outcome is valuable and beneficial for organizations development.
If we look back, in 2011, only 6% of Southeast Asia large corporations talked about the terms related to such as , , , and the in their annual report. is now growing rapidly and the pace of change is accelerating in Southeast Asia.
The 2019 Analysis & Forecast report states that the market is expected to reach US $169 billion by 2025 and multiply by approximately 100 times to US $15.7 trillion in 2035.
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Data-driven companies are not just a company that uses analytics, but it’s a company that focuses on innovation based on solid foundation of concrete actual data, it’s a combination of science and business that puts customers’ needs at the centre of business equation.
The main idea that derives from using a data-driven approach is various information available to improve every sector of the business.
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