There are a number of technical buzzwords filtering into conversations and being addressed as a result of the increased growth in the digital landscape that maybe new to some but have been churning throughout organizations in their strategic planning and incorporating into business models. To name a few that are seamlessly becoming mainstream “Big Data”, “The Cloud”, “The Next Big Thing” and “Code Halos”.
For starters Big Data is exactly what it is when you break it down and is not all that new to most in the analytical world — ‘big’ as in giganormous and ‘data’ being the collection of information. Resulting in designing and implementing a platform to coincide with volume and velocity in the collection of data sets over the internet. The “Big Data: The Management Revolution” posting by Andrew McAfee and Erik Brynjolfsson helps break it down.
With the context behind big data, there’s still a fog around how this all filters and stores to the cloud! PC Mag helps to explain it:
“In the simplest terms, cloud computing means storing and accessing data and programs over the Internet instead of your computer’s hard drive. The cloud is just a metaphor for the Internet. It goes back to the days of flowcharts and presentations that would represent the gigantic server-farm infrastructure of the Internet as nothing but a puffy, white cumulonimbus cloud, accepting connections and doling out information as it floats.”
On to The Next Big Thing, is relatively a buzzword used to relate to the transforming and innovating technology. As noted in the recent article via Cognizant, “Reaping the Benefits of the Internet of Things” it suggests:
“Because IoT ecosystems comprise numerous technologies and devices running on different networks, organizations will need to partner with third-party specialist to complement their in-house capabilities. These partner organizations should be evaluated on their strength of expertise, industry knowledge and ability to address the complexity of connecting a wide area of technologies and platforms on which the devices will run.”
The findings also predict industries whom are best poised to reap the benefits:
In reading the article noted above by Cognizant, the buzzword “Code Halos” is referenced numerous times but may not provide the depth to ascertain what it really means. The “Code Rules” playbook offers collective research and identifies a pattern that has emerged.
“We are entering a new digital epoch where the coded information surrounding people, companies and things — what we call a Code Halo — truly reshapes how we live and work. As we will demonstrate in this white paper, once Code Halos form, they begin to transform companies — and then entire industries — through a series of well-defined steps. In the following pages, we explain the pattern and, by breaking it into its discrete pieces, help you determine where your organization stands in this time of tremendous upheaval.”
Here’s a clip by Ben Pring, Co-Director of Cognizant’s Center for the Future of Work in an interview with Harvard University’s Jonathan Zittrain, Professor of Computer Science & Law, as they look into the how data is being used and individuals shape their own narrative.
With these buzzwords bubbling up in the news, media and business, the research and evidence starts to pave the path forward to the Workforce of the Future requiring imminent change and transformation. In closing, a statement from Hewitt in the CXOTalk interview empowers one to “think from the outside-in”:
“For any executive tasked with digital transformation, Hewitt advises to think from the outside-in and from the consumer experience and to look at what is the combination of user experience and analytics that will drive to the consumer facing strategy.”