"The future will have more and more business organizations
accessing people, technology, funds and markets at par"
If you get to a new market in Timbuktu your competitor will be there by afternoon. The same would apply across all areas of business.
There will be fierce fights to firstly; create market differentiators and secondly; to sustain them along time frames. The core differentiator that will define successful organizations of tomorrow will be RELEVANT INFORMATION. Organizations that have the critical and relevant business information in Real Time about their enterprise will be better equipped to face competition and emerge winners.
Impact
"Business organizations would find it very tough
to retain market shares or expand them"
Business organizations would be forced to look at new ways to stay fit and healthy in an environment crowded by competitors, who threaten to close-in by the hour.
Problem
"Business organizations would have to invent new ways of
constantly creating new differentiators and the edge in the business"
Companies would now have very little flexibility to differentiate and work out edges in the market space. Existing streams of knowledge and data would be quickly and easily replicated by competition.
In effect, organizations would need to extend beyond their vision and focus to dig into all the information and data that inherently dots their business enterprise.
The extended enterprise would be vital dark mines with precious diamonds of information that could fuel the company's market edge over sustained periods.
Top
Solution
“Extended vision and data base would be vital to evolve a
sustainable supply of vital business information that could
constantly keep the organization ahead of competition"
We would need to evolve business processes and technology solutions which could identify, collect, collate, filter, analyze and react to such critical data in Real Time.
We would need to gather data automatically from disparate geographical and technology sources and domains covering Sales, Manufacturing, Supply Chain, Finance, Marketing, HR, etc. within an organization.
Technologies right from manual entries to RFID to Industrial Auto Controls like PLCs, SCADA right up to Voice Recognition Technologies to gather vital inputs from last mile customer interactions.
Top |