Digital is the ability to capture data at source in electronic form, store and process them using software tools, and analyze them using analytics, with little or no human intervention.
In a well-defined process, technologies take care of moving data from being captured to being analyzed, very quickly and automatically. Hence, data is always ready for analysis in the digital world, which is used for planning, forecasting and serving other management needs. This explains the popularity of analytics and higher speed of operations in the digital world!
Understanding how digital works
When data moves quickly from source to analytics, it increases operational speeds -Enhanced Efficiency. This efficiency triggers an increase in the scale of operations – access to newer markets, products and strategies - Scale. The combination of efficiency and scale leads to managing unknowns of a higher order, exposing operations to larger variations - Complexity. The unified demand of speed, scale and complexity leads to using more automation, which triggers the vicious cycle of capturing, storing, processing and analyzing more data, faster.
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Denne historien er fra October 2019-utgaven av People Matters.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
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How Digital Transformation Can Power The Great Reset
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The Crypto Meltdown Of 2022
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On change and change management
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Lessons Managing in leadership: a global hybrid team
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As companies manage their workforces in a dynamic era, HR departments have continually adapted and adjusted, and never more than this year as digital acceleration and workplace evolutions came together
One way to turn the tide of employee retention
There's a surprising link between skill development opportunities and job satisfaction. Here are some ways of boosting skilling and thereby talent retention
A key focus for L&D going into 2023 should be business alignment
Venkat Subramaniam of Degreed believes that learning is core to business success and organisations need to invest in the right processes and technologies to adapt to continuous change
WOMEN IN LEADERSHIP CAN BE GAME GHANGER FOR INCLUSIVE FUTURE OF WORK
BREAKING FREE FROM THE STEREOTYPES IN THE INSURANCE SECTOR, PAMELA THOMSON-HALL SHARES HER JOURNEY OF BEING A CHAMPION FOR WOMEN AND BRINGING ABOUT A CHANGE IN A MALE-DOMINATED INDUSTRY
