Friday, September 29, 2017

Building a smart enterprise with digital technology



Building a smart enterprise with digital technology

A smart enterprise enables ‘knowledge workers to process and analyse massive amounts of heterogeneous data and to collaborate and monitor things’.

There is no clear definition of what makes an enterprise smart. However, according to Joe Lonsdale, a founding partner at San Francisco-based venture capital fund 8VC, who coined the term, a smart enterprise enables “knowledge workers to process and analyse massive amounts of heterogeneous data and to collaborate and monitor things.”

A smart enterprise can also be said to be one that is powered by digital technologies. Along with Social, Mobility, Analytics and Cloud (SMAC), we have moved to the Internet of Things (IoT) and are also talking about newer technologies like robotics, drones, 3D printing, augmented and virtual reality (also known as mixed reality), and blockchain (the technology that powers cryptocurrencies such as bitcoin).

According to Brock Pierce—co-founder of Blockchain Capital and chairman of the Bitcoin Foundation—blockchain is second only to Artificial Intelligence, or AI. Which brings us to AI, the buzzword taking the digital world by storm.


Regards

Pralhad Jadhav  

Senior Manager @ Knowledge Repository  
Khaitan & Co 



Twitter Handle | @Pralhad161978

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