APIs: Leverage For Digital Transformation

Forbes - Tech

Opinions expressed by Forbes Contributors are their own. The author is a Forbes contributor. The opinions expressed are those of the writer. The ancient Greek scientist Archimedes famously declared, "Give me a place to stand, and with a lever, I will move the whole world." His insight -- that with the right leverage, a small force can generate huge results -- has inspired scores of thought leaders over the ages.


The Role Of Data In The Age Of Digital Transformation

#artificialintelligence

It might be an understatement to say that today's business environment has become hyper-competitive, and the companies that aren't continuously reinventing their business -- with data at the core -- will end up watching from the sidelines while their market is disrupted. Data technologies, science and processes are rewriting the rules of business and propelling organizations toward digital transformation. Digital transformation, and the radical rethinking of how an enterprise uses technology to meet customer expectations and dramatically affect performance, is happening at a dizzying pace. In fact, IDC predicted that global spending on digital transformation technologies and services was expected to increase by nearly 20% in 2018 to more than $1.1 trillion. At the foundation of the radical rethinking vital to digital transformation is intelligent management of the proliferation of data throughout the enterprise.


The Role Of Data In The Age Of Digital Transformation

#artificialintelligence

It might be an understatement to say that today's business environment has become hyper-competitive, and the companies that aren't continuously reinventing their business -- with data at the core -- will end up watching from the sidelines while their market is disrupted. Data technologies, science and processes are rewriting the rules of business and propelling organizations toward digital transformation. Digital transformation, and the radical rethinking of how an enterprise uses technology to meet customer expectations and dramatically affect performance, is happening at a dizzying pace. In fact, IDC predicted that global spending on digital transformation technologies and services was expected to increase by nearly 20% in 2018 to more than $1.1 trillion. At the foundation of the radical rethinking vital to digital transformation is intelligent management of the proliferation of data throughout the enterprise.


GE to roll out its Predix Asset Performance Management software at its monitoring, diagnostic center

ZDNet

GE Digital said its Predix Asset Performance Management software will be used to power its monitoring and diagnostic center, which tracks the health of more than 600 power plants around the world. The broad rollout of GE's Asset Performance Management (APM) software serves a bevy of purposes: Scott Bolick, GE Power's head of software strategy and product management, said the APM deployment will happen in the fourth quarter. "This will be the largest APM deployment and largest industrial IoT use case," said Bolick. GE Power's efforts come at an interesting time for the company. As a new CEO--John Flannery (CHECK)--takes the helm, analysts have questioned whether GE should spin off its digital unit and look for ways to cut costs.


4 ways to prepare for the Industrial Internet of Things (IIoT)

#artificialintelligence

You've very likely heard of the Internet of Things (IoT) and the impact it is having, and will continue to have, on businesses and consumers alike. According to Gartner, 8.4 billion connected devices will be in use in 2017, up 31% from 2016. This number is expected to reach 20.4 billion by 2020 and includes devices such as smart TV's, digital set-top boxes, fit-bits, smart electric meters, and security cameras. Your homes, cars, and workplaces are all becoming automated. Of those 8.4 billion devices, over 3 million are aligned to business applications, expected to grow to 7.5 billion by 2020.