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Is your organization intelligent?

More than 83% of respondents to a survey by Wipro said their organization is an Intelligent Enterprise or on their way to being one.

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A new study from Wipro shows that Artificial Intelligence (AI), Analytics, Machine Learning, Deep Learning, and Automation are crucial to creating enterprises of the future and that post-COVID, The Intelligent Enterprise will be resilient and able to better manage disruption.  

With 300 respondents in the UK and US — across industry sectors including financial services, healthcare, technology, manufacturing, retail, and consumer goods — the State of Intelligent Enterprises survey revealed that while 80% of organizations recognize the importance of being intelligent, only 17% would classify their organizations as an Intelligent Enterprise.

In the introduction to the survey’s report, Wipro explains that “The Intelligent Enterprise is no longer a futuristic vision. It is a daily imperative.”

“New problems cannot be solved using old methods. The ability – or inability – to make productive decisions now directly depends on an organization’s ability to generate accurate, fast and actionable intelligence to set the correct course.”

One key technology that businesses consider critical is AI. 95% of respondents see AI as critical to Intelligent Enterprises, but only 17% have it deployed across the entire organization.

Additional key findings include:

  • Whether they are already intelligent or working toward it, close to 88% of organizations face challenges.
  • 91% of respondents feel there are data barriers to becoming an Intelligent Enterprise — the most important being data security.
  • 74% of organizations think that investment in technology is the most likely enabler to become an Intelligent Enterprise. 42% of these consider reskilling the workforce as an enabler.

“Organisations now need new capabilities to navigate the current challenges,” says Jayant Prabhu, Vice President & Head of Data, Analytics & AI for Wipro Limited.

“The report amplifies the opportunity to gain a first-mover advantage to being Intelligent. The ability to take productive decisions depends on an organization’s ability to generate accurate, fast and actionable intelligence. Successful organisations are those that quickly adapt to the new technology landscape to transform into an Intelligent Enterprise.”

DX Journal Staff
Author: DX Journal Staff

DX Journal covers the impact of digital transformation (DX) initiatives worldwide across multiple industries.

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How the pandemic has accelerated the transformation of cybersecurity

The importance of cybersecurity for remote work was a major catalyst for the recent advancement of widespread digital transformation efforts.

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By the end of April, it was evident that COVID-19 had permanently altered the future of work.

So much so that Microsoft CEO Satya Nadella, while delivering the quarterly earnings report to Wall Street, said “we’ve seen two years’ worth of digital transformation in two months.” 

As Microsoft Security General Manager Andrew Conway reports, a major catalyst for such a dramatic advancement of DX was the importance of cybersecurity in ensuring productive remote work. 

For context, in late 2019 we reported on the global surge in spending on cybersecurity products and services — then expected to exceed $1 trillion cumulatively over the five-year period from 2017 to 2021.

Related Reading: How enterprises are facing security challenges

COVID’s impact

To better understand the pandemic’s role in shaping cybersecurity for the long-term, Microsoft surveyed nearly 800 business leaders of companies with over 500 employees in India, Germany, the UK, and the US. The results show that organizations are still impacted by phishing scams and security budgets, that hiring increased in response to COVID-19, and that investment is going into cloud-based technologies and architectures.

(Image via Microsoft)

At the top of the list of challenges reported by leaders surveyed is “Providing secure remote access to resources, apps, and data.”  

“For many businesses,” Conway explains, “the limits of the trust model they had been using, which leaned heavily on company-managed devices, physical access to buildings, and limited remote access to select line-of-business apps, got exposed early on in the pandemic.” 

Unsurprisingly, surveyed leaders identified that the top security investment made during the pandemic was multi-factor authentication. 

Additional insights from the survey include:

  • Anti-phishing technology was most identified as the best pre-pandemic security investment, with phishing threats cited as the biggest risk to security.
    • 90% of indicating that phishing attacks have impacted their organization.
  • A majority of leaders surveyed reported budget increases for security (58%) and compliance (65%).
  • 81% also report feeling pressure to lower overall security costs. 
    • “Business leaders from organizations with resources mostly on-premises are especially likely to feel budget pressure, with roughly 1/3rd feeling ‘very pressured.’”
  • 40% say they are prioritizing investments in Cloud Security, followed by Data & Information Security (28%), and anti-phishing tools (26%).

Conway also identified five ways the pandemic is changing the cybersecurity landscape for the long-term:

 

  • “Security has proven to be the foundation for digital empathy in a remote workforce during the pandemic”
    • A top priority of those surveyed is improving end-user experience and productivity while working remotely (41%).
  • The Zero Trust model will become industry standard 
    • 51% of business leaders are expediting the deployment of Zero Trust capabilities — a security model based on strict access controls where the default is to not trust anyone both inside or outside the perimeter. 
    • 94% of companies report that they are in the process of deploying new Zero Trust capabilities to some extent.
  • The importance of diverse data for improved Threat Intelligence
    • “Microsoft tracked more than 8 trillion daily threat signals from a diverse set of products, services, and feeds around the globe.”
  • The absolute necessity of cyber resilience to business operations
    • “Cybersecurity provides the underpinning to operationally resiliency as more organizations enable secure remote work options.”
    • Maintaining this requires regular evaluation of risk threshold and the deployment of cyber resilience processes.
  • “The cloud is a security imperative”
    • Integrated security solutions are crucial for organizations of all sizes.

 

 

 

DX Journal Staff
Author: DX Journal Staff

DX Journal covers the impact of digital transformation (DX) initiatives worldwide across multiple industries.

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What digital transformation looks like coming out of the pandemic

59% of executives surveyed say that COVID has created a motivation to accelerate their DX initiatives.

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COVID-19 has disrupted just about every faction of our world. So where and how does digital transformation (DX) fit into the picture now?

“Recalibrating investment priorities to mitigate the risks associated with COVID-19 should continue to be the first priority of any company,” writes EY Canada partner Anthony Rjeily. “But pushing forward with your digital transformation program should still be a priority for the organization.”

Businesses face a wide variety of challenges — shifting customer engagement models online, enhancing digital capabilities of customer service, remote work, an increase cyberattacks and so on, and so forth. Rjeily says long-term successes will come from those driving innovation programs. 

Let’s look at two examples:

When COVID-19 first hit, the retail sector moved online at a near-breakneck speed to drive commerce online. It makes sense that it was easier for businesses with already-existing, scalable digital infrastructure to pivot to the pandemic realities. But as Ryan Talbott writes, this is the new norm for retailers. “A retail organization’s ability to react quickly to changes in consumer behavior has become a key survival skill. Regardless of how good their business contingency plans were, once the pandemic hit, many retailers found they were in a difficult spot and simply couldn’t move at the pace their customers needed them to.”

Within architecture, engineering, and construction industries, COVID-19 accelerated digital transformation plans but many companies still have a long road ahead. Industry experts predicted that 2020 would be a watershed moment for DX integration in these industries and this did, in fact, come to fruition. But going forward, James Dean, CEO of Sensat, says companies in these industries will need to “create a more holistic approach to the entire asset lifecycle, ensuring technology takes prime position in their approach, supporting revenue generation and ensuring continued business success,”

A focus on emerging technologies

According to a new report from KPMG International and HFS Research, 59% technology executives surveyed say that COVID-19 has created an impetus to accelerate digital transformation initiatives. The report, titled ‘Enterprise Reboot,’ found executives have shifted their focus to must-have technologies and more than half (56%) say cloud migration has become an absolute necessity due to COVID-19.

(Source: KPMG/HFS Research)

At the same time, COVID is also a caveat. Approximately four in 10 say they will halt investment in emerging technology altogether as a result of the pandemic. 

“This crisis isn’t affecting all industries equally, but for many of the industries facing crisis, managing the transition to a digital business model is imperative,” explains Cliff Justice, KPMG global lead for Intelligent Automation and US lead for Digital Capabilities. “However, doing so is made more complicated in a time where investments are critical, but cash must be preserved.”

(Source: KPMG/HFS Research)

 

Investment for business survival

“Emerging technologies and new ways of working can play a significant role in the transformation to a more digital economy,” said Justice. “These technologies are helping companies maintain customer and stakeholder trust, keep remote workforces connected, ensure their business is resilient and prepared for disruptions, and build a strong foundation for future product and service innovation.”

Ultimately, the pandemic has placed straight-up business survival as the primary objective for most emerging technology investments. 

“Now more than ever, companies need to make smart investments in emerging technologies if they are to prevail in the medium- to long-term,” said Justice. “Companies who don’t, risk threatening their own survival.”

DX Journal Staff
Author: DX Journal Staff

DX Journal covers the impact of digital transformation (DX) initiatives worldwide across multiple industries.

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Mary Anne Moser aiming to put Calgary Science Centre in global top 10

Mary Anne Moser is passionate about creating experiences that make science accessible to mainstream audiences.

Collisions YYC

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Mary Anne Moser is President and CEO of TELUS Spark Science Centre
Mary Anne Moser is President and CEO of TELUS Spark Science Centre
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Mary Anne Moser is passionate about creating experiences that make science accessible to mainstream audiences. As President and CEO of TELUS Spark Science Centre, Moser is leading Spark’s rejuvenation and her vision is to compete with science centres on a global scale.

 [LISTEN IN AT 1:27] “[Spark] has a reputation for being a gym among families in Calgary,” Moser told CollisionsYYC host Tyler Chisholm in a recent interview. “I took the job about a year ago to see if we can expand the audience and really help Spark be more relevant to what Calgary wants to do as a city [and its] innovation agenda.”

To get there, Spark has big plans. In its roadmap for the 2020s, the organization lays out an ambitious plan to become one of the 10 most-worth-visiting science centres in the world by 2025. 

Spark has set itself up as both a destination and an organization that seeks a constant infusion of new ideas in order to thrive in an environment of continuous change. In addition to engaging adult audiences, the organization also aims to support the creation of new ventures, jobs and economic opportunities.

Perhaps not what one would expect of a science center.

Raising the bar

As Moser and Chisholm discuss early on in the CollisionsYYC podcast, Calgary remains an under-the-radar destination for tourism and commerce. One of Spark’s goals is to build a facility that’s by Calgarians for Calgarians, as well as a world-class attraction. 

Moser has done it before.  

In 2013, Moser and science broadcaster Jay Ingram co-founded Beakerhead, a registered charity that works to advance education at the crossroads of art, science and engineering. Beakerhead runs annual education programs and a fall festival named Spectacle that ranked 12th on Bizbash’s Top 100 Events in Canada list in 2019.

Moser says that in order for Spark to “do the heavy lifting that it needs to do for Calgary” and contribute to the city’s economic transformation, the science centre must draw in tourists.

“It’s that tension between being perfect for here and only doable here, and relevant for anywhere on that kind of global scale.” 

[LISTEN IN AT 11:04] 

The vision to be world-class takes a lot of work and collaboration. Moser believes direct feedback and the attitude of raising the bar would help Calgary’s science and tech communities contribute to a positive future for the city. 

“I think setting expectations and holding each other up to them is really important,” said Moser. “If we just cheerlead each other and say, ‘That’s awesome,’ but really, it’s not that awesome, it doesn’t help anyone.”

Honest feedback – coupled with an openness to receiving that feedback – will push standards higher for everyone and help Calgary compete in a global context, says Moser. “It means, when you’re talking to each other, looking behind you and seeing whether or not this would hold up in a global context. It’s so easy to be talking to ourselves but is it a conversation that’s interesting on a global scale?”

Creating space for collisions

The pandemic has thrown up a few roadblocks, but Moser believes it has also shown that Spark is on the right track. 

[LISTEN IN AT 4.26]“It’s amplified the need to do what we need to do,” she said. “They say if you start a business when times are really tough, you build a super-strong foundation. For the mandate that I feel like I’ve been given, it’s a test to do what we need to do now in this environment. Failure is not an option, and so it will be that much stronger.”

Strength comes from collaboration, and Spark’s role in the innovation ecosystem is to create opportunities for different fields to interact.

The centre, which closed in mid-March due to the pandemic, recently reopened with a “re-imagined visitor experience” that includes timed tickets and other safety measures. It’s not yet business as usual, but Moser encourages potential collaborators who have ideas for projects, programs, or events to get in touch

Spark wants to help Calgary’s scientists and technologists communicate about their work in ways that people can understand and get excited about. 

“Our doors are not just open – they are wide open, and we are warmly welcoming these conversations, especially with Calgary’s tech sector. We’re there to help build that future.”

Collisions YYC
Author: Collisions YYC

Collisions YYC is an innovation and transformation podcast produced by Tyler Chisholm and Kevin Crowe covering innovation and transformation trends in Calgary.

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