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
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