This article is sponsored by Oracle - redefining data management with the world’s first autonomous database. In the coming years, the amount of data we create worldwide will grow to 175 zettabytes of data per year by 2025, up from 33 zettabytes in 2018. Over half of this data will be created by the Internet of Things devices and over 60% of it will be enterprise data. By 2025, 30% of all the data created will be in real-time, offering organisations great opportunities to constantly optimise their business. Clearly, the organisation of tomorrow is a data organisation. However, simply [...]
Technological advancements have reduced global poverty significantly in the past 100 years. Many people have been able to leave poverty due to this. However, more than 1.3 billion people still live in extreme poverty. Extreme poverty is defined as having less than $1.25 to spend every day. There are a wide variety of causes for poverty, which differ per country. In general, causes for poverty include lack of education, environmental problems, lack of access to banking facilities, lack of legal ownership of property, lack of rule of law, overpopulation, epidemic diseases or changing trends in[...]
Blockchain technology records and forever maintains data that cannot be changed. It also involves ‘smart contracts’ and consensus mechanisms that govern processes of automation, as well as the development, evaluation and execution of decisions. Blockchain technology has the potential to transform organisation design due to its decentralised and distributed characteristics. To understand how blockchain will change organisation design and decision-making, let’s first dive into the history of organisation design before investigating the impact of this fundamental technology on organising [...]
The myriad of companies that are involved in a single customer’s travel plans is one of the main reasons why many people are excited about how blockchain can transform the travel industry. Just as Bitcoin was conceived as a method for bypassing financial intermediaries, blockchain can help to improve the travel experience by letting customers interact directly with service providers. This process is already underway, with multinational corporations and technology startups developing blockchain solutions across a range of industry use cases. 5 Blockchain Use Cases in the Travel Industry [...]
We live in exponential times, and merely having a digital strategy focused on continuous innovation is no longer enough to thrive in a constantly changing world. To transform an organisation and contribute to building a secure and rewarding networked society, collaboration among employees, customers, business units and even things is increasingly becoming key. Especially with the availability of new technologies such as artificial intelligence, organisations now, more than ever before, need to focus on bringing together the different stakeholders to co-create the future. Big data empowers [...]
Earlier this year, I completed my PhD at the University of Technology Sydney. My research focused on how do emerging information technologies change the interaction of organisations and technologies. The title of my research was: Sociomateriality in the age of Emerging Information Technologies: How big data analytics, blockchain and artificial intelligence affect organisations. Undertaking a PhD was a great experience and an intellectual challenge. However, academic dissertations are dry and difficult to read. Therefore, I turned my thesis into an easy-to-read-and-digest management book, [...]
Organisations wanting to use blockchain technology to decentralise their data and collaborate with industry partners are now presented with a bewildering range of options. Since the Bitcoin revolution began in 2008, the number of blockchain networks has mushroomed to the point where companies must carefully select which one is right for them. They should start by understanding the meaning of decentralisation and the reasons why it could benefit them. The benefits of decentralisation include efficiency gains, the provenance of products and data, increase trust amongst industry partners, [...]
There is a downside to the abundant presence of data in today’s society. Today’s tech giants such as Google, Amazon, Facebook, Microsoft, Tencent and Alibaba have long recognised that data is a valuable asset. They have been aggregating vast amounts of data in return for ‘free’ services from the outset. The problem with ‘free' services is that you and your data are the actual product. This has resulted in a centralised web and a handful of organisations dominating and controlling it. This has caused problems with truth and trust - such as fake news, clickbait, trolling, spam, [...]
Food is important and you are what you eat. Eating healthy and good food is important if you wish to be fit and healthy. Even if you have an unhealthy diet, the occasional big mac, you want your food to be of good quality. Meaning you want your food to be well-treated throughout the supply chain and without any unhealthy bacteria. Fortunately, there are a lot of regulations to ensure the safety of your food and drinks. Manufacturers have to comply with these regulations. However, despite all regulations, sometimes it goes wrong. For example, in 2008-2009, nine people died due to Salmonella [...]
The hospitality industry is all about delivering the best guest experience. Whether this is in the local restaurant around the corner, the five-star beach resort that you visit during your holiday or the conference venue where you attend an event. Superior guest experience is what differentiates the winners from the losers within this great industry. I have always had a passion for the hospitality industry. Ensuring that your guests have a great time is a very rewarding job. With the data era now upon us, delivering personalised service becomes increasingly easier. Moreover, thanks to [...]
This article is sponsored by Oracle - redefining data management with the world’s first autonomous database. In the coming years, the amount of data we create worldwide will[...]
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