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Essential enablers for implementing a modern product strategy

Angelo Santagata - Mon, 2018-05-21 05:49

Continuous improvement across your entire mix of products and services is essential to innovate and stay competitive nowadays. Digital disruption requires companies to transform, successfully manage a portfolio of profitable offerings, and deliver unprecedented levels of innovation and quality. But creating your product portfolio strategy is only the first part—four key best practices are necessary to successfully implement it.

New technologies—the Internet of Things (IoT), Big Data, Social Media, 3D printing, and digital collaboration and modelling tools—are creating powerful opportunities to innovate. Increasingly customer-centric propositions are being delivered ‘as-a-service’ via the cloud, with just-in-time fulfilment joining up multiple parts of the supply chain. Your products and services have to evolve continually to keep up, causing massive amounts of data to be generated that has to be fed back in to inform future development.

 

Common language

To minimise complexity, it’s essential that there is just one context for all communication. You therefore need a standardised—and well-understood—enterprise product record that acts as a common denominator for your business processes. And that means every last piece of information—from core service features to how your product uses IoT sensors; from business processes to your roadmap for innovation, and all other details—gets recorded in one place, in the same way, for every one of your products, from innovation through development to commercialisation.

That will make it far easier for you to collect and interpret product information; define service levels and deliver on them; support new business models, and manage the overall future design of your connected offerings. Moreover, it enables your product development methods to become more flexible, so they can be updated more frequently, enabled by innovations in your supply chain, supported more effectively by IT, and improved over time.

 

Greater quality control in the digital world…

By including form, fit and function rules—that describe the characteristics of your product, or part of it—within the product record, you add a vital layer of change control. It enables you to create a formal approvals process for quality assurance. For example, changes made in one area—whether to a product or part of it—may create problems in other areas. The form, fit and function rules force you to perform cross-functional impact analyses and ensure you’re aware of any consequences.

As part of this, you can run simulations with ‘digital twins’ to predict changes in performance and product behaviour before anything goes wrong. This obviously has major cost-saving implications, enabling far more to be understood at the drawing-board stage. Moreover, IoT applications can be leveraged to help product teams test and gather data of your connected assets or production facilities.

 

Transparency and effective communications

The enterprise product record should also contain a full audit trail of decisions about the product, including data from third parties, and from your supply chain. The objective is full traceability from the customer perspective—with evidence of regulatory compliance, provenance of preferred suppliers, and fully-auditable internal quality processes. Additionally, it’s often helpful to be able to prove the safety and quality of your product and processes, as that can be a key market differentiator. Powerful project management and social networking capabilities support the collaborative nature of the innovation process.

 

Lean and efficient

Overall, your innovation platform should be both lean and efficient, based on the continual iteration of the following key stages:

  • Ideation, where you capture, collaborate and analyse ideas
  • Proposal, where you create business cases and model potential features
  • Requirements, where you evaluate, collaborate and manage product needs
  • Concepts, where you accelerate product development and define structures
  • Portfolio analysis, where you revise and optimise your product investment
  • Seamless Integration with downstream ERP and Supply Chain processes

 

The result: Powerful ROI

Being able to innovate effectively in a digital supply chain delivers returns from both top-line growth—with increased revenues and market share—and reduced costs from improved safety, security, sustainability and fewer returns.

 

 

Cloud: Look before you leap—and discover unbelievable new agility

Christopher Jones - Mon, 2018-05-21 05:48

All around the world, finance teams are now fully embracing the cloud to simplify their operations. The heady allure of reduced costs, increased functionality, and other benefits are driving the migration. Yet what’s getting people really excited is the unexpected flush of new business agility they experience after they’ve made the change.

At long last, the cloud is becoming accepted as the default environment to simplify ERP and EPM. Fifty-six percent* of finance teams have already moved to the cloud—or will do so within the next year—and 24% more plan to move at some point soon.

 

Major cost benefits in the cloud

Businesses are making the change to enjoy a wide range of benefits. According to a recent survey by Oracle*, reducing costs is (predictably) the main motivation, with improved functionality in second place—and culture, timing and the ability to write-off existing investments also key factors. The financial motivation breaks down into a desire to avoid infrastructure investment and on-premises upgrades, and also to achieve a lower total cost of ownership.

And Cloud is delivering on its promise in all these areas—across both ERP and EPM, 70% say they have experienced economic benefits after moving to the cloud.

 

Leap for joy at cloud agility

But the biggest overall benefit of moving to the cloud—quoted by 85% of those who have made the change—is staying current on technology. Moreover, 75% say that cloud improves usability, 71% say it increases flexibility and 68% say that it enables them to deploy faster. Financial gain is the top motivation for moving to the cloud, but that’s only the fourth-ranked advantage overall once there. It turns out that the main strengths of the cloud are in areas that help finance organisations improve business agility.

These are pretty amazing numbers. It would be unheard of, until fairly recently, for any decent-sized organisation to consider migrating its core ERP or EPM systems without a very, very good reason. Now, the majority of companies believe that the advantages of such a move—and specifically, moving to the cloud—overwhelm any downside.

 

The commercial imperative

Indeed, the benefits are more likely viewed as a competitive necessity. Cloud eliminates the old cycle of new system launches every two or three years—replacing it with incremental upgrades several times each year, and easy, instant access to additional features and capabilities.

And that is, no doubt, what’s behind the figures above. Finance professionals have an increasingly strong appetite to experiment with and exploit the latest technologies. AI, robotic process automation, internet of things, intelligent bots, augmented reality and blockchain are all being evaluated and used by significant numbers of organisations.

They’re improving efficiency in their day-to-day operations, joining-up operating processes across their business and reducing manual effort (and human error) through increased automation. Moreover, AI is increasingly being applied to analytics to find answers to compelling new questions that were, themselves, previously unthinkable—providing powerful new strategic insights.

Finance organisations are becoming more agile—able to think smarter, work more flexibly, and act faster using the very latest technical capabilities.

 

But it’s only available via cloud-based ERP and EPM

Increasingly, all these advances are only being developed as part of cloud-based platforms. And more and more advanced features are filtering down to entry-level cloud solutions—at least in basic form—encouraging finance people everywhere to experiment with what’s possible. That means, if you’re not yet using these tools in the cloud, you’re most likely falling behind your competitors that are—and that applies both from the broader business perspective as well as from the internal operating competency viewpoint.

The cloud makes it simple to deploy, integrate and experiment with new capabilities, alongside whatever you may already have in place. It has become the new normal in finance. It seems like we’re now at a watershed moment where those that embrace the potential of cloud will accelerate away from those that do not, and potentially achieve unassailable new operating efficiencies.

The good news is that it’s easy to get started.  According to MIT Technology Review in a 2017 report, 86% of those making a transition to the cloud said the costs were in line with, or better than expected, and 87% said that the timeframe of transition to the cloud was in line with, or better than expected.

_______

* Except where stated otherwise, all figures in this article are taken from ‘Combined ERP and EPM Cloud Trends for 2018’, Oracle, 2018.

 

Cloud: Look before you leap—and discover unbelievable new agility

Chris Warticki - Mon, 2018-05-21 05:48

All around the world, finance teams are now fully embracing the cloud to simplify their operations. The heady allure of reduced costs, increased functionality, and other benefits are driving the migration. Yet what’s getting people really excited is the unexpected flush of new business agility they experience after they’ve made the change.

At long last, the cloud is becoming accepted as the default environment to simplify ERP and EPM. Fifty-six percent* of finance teams have already moved to the cloud—or will do so within the next year—and 24% more plan to move at some point soon.

 

Major cost benefits in the cloud

Businesses are making the change to enjoy a wide range of benefits. According to a recent survey by Oracle*, reducing costs is (predictably) the main motivation, with improved functionality in second place—and culture, timing and the ability to write-off existing investments also key factors. The financial motivation breaks down into a desire to avoid infrastructure investment and on-premises upgrades, and also to achieve a lower total cost of ownership.

And Cloud is delivering on its promise in all these areas—across both ERP and EPM, 70% say they have experienced economic benefits after moving to the cloud.

 

Leap for joy at cloud agility

But the biggest overall benefit of moving to the cloud—quoted by 85% of those who have made the change—is staying current on technology. Moreover, 75% say that cloud improves usability, 71% say it increases flexibility and 68% say that it enables them to deploy faster. Financial gain is the top motivation for moving to the cloud, but that’s only the fourth-ranked advantage overall once there. It turns out that the main strengths of the cloud are in areas that help finance organisations improve business agility.

These are pretty amazing numbers. It would be unheard of, until fairly recently, for any decent-sized organisation to consider migrating its core ERP or EPM systems without a very, very good reason. Now, the majority of companies believe that the advantages of such a move—and specifically, moving to the cloud—overwhelm any downside.

 

The commercial imperative

Indeed, the benefits are more likely viewed as a competitive necessity. Cloud eliminates the old cycle of new system launches every two or three years—replacing it with incremental upgrades several times each year, and easy, instant access to additional features and capabilities.

And that is, no doubt, what’s behind the figures above. Finance professionals have an increasingly strong appetite to experiment with and exploit the latest technologies. AI, robotic process automation, internet of things, intelligent bots, augmented reality and blockchain are all being evaluated and used by significant numbers of organisations.

They’re improving efficiency in their day-to-day operations, joining-up operating processes across their business and reducing manual effort (and human error) through increased automation. Moreover, AI is increasingly being applied to analytics to find answers to compelling new questions that were, themselves, previously unthinkable—providing powerful new strategic insights.

Finance organisations are becoming more agile—able to think smarter, work more flexibly, and act faster using the very latest technical capabilities.

 

But it’s only available via cloud-based ERP and EPM

Increasingly, all these advances are only being developed as part of cloud-based platforms. And more and more advanced features are filtering down to entry-level cloud solutions—at least in basic form—encouraging finance people everywhere to experiment with what’s possible. That means, if you’re not yet using these tools in the cloud, you’re most likely falling behind your competitors that are—and that applies both from the broader business perspective as well as from the internal operating competency viewpoint.

The cloud makes it simple to deploy, integrate and experiment with new capabilities, alongside whatever you may already have in place. It has become the new normal in finance. It seems like we’re now at a watershed moment where those that embrace the potential of cloud will accelerate away from those that do not, and potentially achieve unassailable new operating efficiencies.

The good news is that it’s easy to get started.  According to MIT Technology Review in a 2017 report, 86% of those making a transition to the cloud said the costs were in line with, or better than expected, and 87% said that the timeframe of transition to the cloud was in line with, or better than expected.

_______

* Except where stated otherwise, all figures in this article are taken from ‘Combined ERP and EPM Cloud Trends for 2018’, Oracle, 2018.

 

Cloud: Look before you leap—and discover unbelievable new agility

Antony Reynolds - Mon, 2018-05-21 05:48

All around the world, finance teams are now fully embracing the cloud to simplify their operations. The heady allure of reduced costs, increased functionality, and other benefits are driving the migration. Yet what’s getting people really excited is the unexpected flush of new business agility they experience after they’ve made the change.

At long last, the cloud is becoming accepted as the default environment to simplify ERP and EPM. Fifty-six percent* of finance teams have already moved to the cloud—or will do so within the next year—and 24% more plan to move at some point soon.

 

Major cost benefits in the cloud

Businesses are making the change to enjoy a wide range of benefits. According to a recent survey by Oracle*, reducing costs is (predictably) the main motivation, with improved functionality in second place—and culture, timing and the ability to write-off existing investments also key factors. The financial motivation breaks down into a desire to avoid infrastructure investment and on-premises upgrades, and also to achieve a lower total cost of ownership.

And Cloud is delivering on its promise in all these areas—across both ERP and EPM, 70% say they have experienced economic benefits after moving to the cloud.

 

Leap for joy at cloud agility

But the biggest overall benefit of moving to the cloud—quoted by 85% of those who have made the change—is staying current on technology. Moreover, 75% say that cloud improves usability, 71% say it increases flexibility and 68% say that it enables them to deploy faster. Financial gain is the top motivation for moving to the cloud, but that’s only the fourth-ranked advantage overall once there. It turns out that the main strengths of the cloud are in areas that help finance organisations improve business agility.

These are pretty amazing numbers. It would be unheard of, until fairly recently, for any decent-sized organisation to consider migrating its core ERP or EPM systems without a very, very good reason. Now, the majority of companies believe that the advantages of such a move—and specifically, moving to the cloud—overwhelm any downside.

 

The commercial imperative

Indeed, the benefits are more likely viewed as a competitive necessity. Cloud eliminates the old cycle of new system launches every two or three years—replacing it with incremental upgrades several times each year, and easy, instant access to additional features and capabilities.

And that is, no doubt, what’s behind the figures above. Finance professionals have an increasingly strong appetite to experiment with and exploit the latest technologies. AI, robotic process automation, internet of things, intelligent bots, augmented reality and blockchain are all being evaluated and used by significant numbers of organisations.

They’re improving efficiency in their day-to-day operations, joining-up operating processes across their business and reducing manual effort (and human error) through increased automation. Moreover, AI is increasingly being applied to analytics to find answers to compelling new questions that were, themselves, previously unthinkable—providing powerful new strategic insights.

Finance organisations are becoming more agile—able to think smarter, work more flexibly, and act faster using the very latest technical capabilities.

 

But it’s only available via cloud-based ERP and EPM

Increasingly, all these advances are only being developed as part of cloud-based platforms. And more and more advanced features are filtering down to entry-level cloud solutions—at least in basic form—encouraging finance people everywhere to experiment with what’s possible. That means, if you’re not yet using these tools in the cloud, you’re most likely falling behind your competitors that are—and that applies both from the broader business perspective as well as from the internal operating competency viewpoint.

The cloud makes it simple to deploy, integrate and experiment with new capabilities, alongside whatever you may already have in place. It has become the new normal in finance. It seems like we’re now at a watershed moment where those that embrace the potential of cloud will accelerate away from those that do not, and potentially achieve unassailable new operating efficiencies.

The good news is that it’s easy to get started.  According to MIT Technology Review in a 2017 report, 86% of those making a transition to the cloud said the costs were in line with, or better than expected, and 87% said that the timeframe of transition to the cloud was in line with, or better than expected.

_______

* Except where stated otherwise, all figures in this article are taken from ‘Combined ERP and EPM Cloud Trends for 2018’, Oracle, 2018.

 

Cloud: Look before you leap—and discover unbelievable new agility

Antonio Romero - Mon, 2018-05-21 05:48

All around the world, finance teams are now fully embracing the cloud to simplify their operations. The heady allure of reduced costs, increased functionality, and other benefits are driving the migration. Yet what’s getting people really excited is the unexpected flush of new business agility they experience after they’ve made the change.

At long last, the cloud is becoming accepted as the default environment to simplify ERP and EPM. Fifty-six percent* of finance teams have already moved to the cloud—or will do so within the next year—and 24% more plan to move at some point soon.

 

Major cost benefits in the cloud

Businesses are making the change to enjoy a wide range of benefits. According to a recent survey by Oracle*, reducing costs is (predictably) the main motivation, with improved functionality in second place—and culture, timing and the ability to write-off existing investments also key factors. The financial motivation breaks down into a desire to avoid infrastructure investment and on-premises upgrades, and also to achieve a lower total cost of ownership.

And Cloud is delivering on its promise in all these areas—across both ERP and EPM, 70% say they have experienced economic benefits after moving to the cloud.

 

Leap for joy at cloud agility

But the biggest overall benefit of moving to the cloud—quoted by 85% of those who have made the change—is staying current on technology. Moreover, 75% say that cloud improves usability, 71% say it increases flexibility and 68% say that it enables them to deploy faster. Financial gain is the top motivation for moving to the cloud, but that’s only the fourth-ranked advantage overall once there. It turns out that the main strengths of the cloud are in areas that help finance organisations improve business agility.

These are pretty amazing numbers. It would be unheard of, until fairly recently, for any decent-sized organisation to consider migrating its core ERP or EPM systems without a very, very good reason. Now, the majority of companies believe that the advantages of such a move—and specifically, moving to the cloud—overwhelm any downside.

 

The commercial imperative

Indeed, the benefits are more likely viewed as a competitive necessity. Cloud eliminates the old cycle of new system launches every two or three years—replacing it with incremental upgrades several times each year, and easy, instant access to additional features and capabilities.

And that is, no doubt, what’s behind the figures above. Finance professionals have an increasingly strong appetite to experiment with and exploit the latest technologies. AI, robotic process automation, internet of things, intelligent bots, augmented reality and blockchain are all being evaluated and used by significant numbers of organisations.

They’re improving efficiency in their day-to-day operations, joining-up operating processes across their business and reducing manual effort (and human error) through increased automation. Moreover, AI is increasingly being applied to analytics to find answers to compelling new questions that were, themselves, previously unthinkable—providing powerful new strategic insights.

Finance organisations are becoming more agile—able to think smarter, work more flexibly, and act faster using the very latest technical capabilities.

 

But it’s only available via cloud-based ERP and EPM

Increasingly, all these advances are only being developed as part of cloud-based platforms. And more and more advanced features are filtering down to entry-level cloud solutions—at least in basic form—encouraging finance people everywhere to experiment with what’s possible. That means, if you’re not yet using these tools in the cloud, you’re most likely falling behind your competitors that are—and that applies both from the broader business perspective as well as from the internal operating competency viewpoint.

The cloud makes it simple to deploy, integrate and experiment with new capabilities, alongside whatever you may already have in place. It has become the new normal in finance. It seems like we’re now at a watershed moment where those that embrace the potential of cloud will accelerate away from those that do not, and potentially achieve unassailable new operating efficiencies.

The good news is that it’s easy to get started.  According to MIT Technology Review in a 2017 report, 86% of those making a transition to the cloud said the costs were in line with, or better than expected, and 87% said that the timeframe of transition to the cloud was in line with, or better than expected.

_______

* Except where stated otherwise, all figures in this article are taken from ‘Combined ERP and EPM Cloud Trends for 2018’, Oracle, 2018.

 

Cloud: Look before you leap—and discover unbelievable new agility

Anthony Shorten - Mon, 2018-05-21 05:48

All around the world, finance teams are now fully embracing the cloud to simplify their operations. The heady allure of reduced costs, increased functionality, and other benefits are driving the migration. Yet what’s getting people really excited is the unexpected flush of new business agility they experience after they’ve made the change.

At long last, the cloud is becoming accepted as the default environment to simplify ERP and EPM. Fifty-six percent* of finance teams have already moved to the cloud—or will do so within the next year—and 24% more plan to move at some point soon.

 

Major cost benefits in the cloud

Businesses are making the change to enjoy a wide range of benefits. According to a recent survey by Oracle*, reducing costs is (predictably) the main motivation, with improved functionality in second place—and culture, timing and the ability to write-off existing investments also key factors. The financial motivation breaks down into a desire to avoid infrastructure investment and on-premises upgrades, and also to achieve a lower total cost of ownership.

And Cloud is delivering on its promise in all these areas—across both ERP and EPM, 70% say they have experienced economic benefits after moving to the cloud.

 

Leap for joy at cloud agility

But the biggest overall benefit of moving to the cloud—quoted by 85% of those who have made the change—is staying current on technology. Moreover, 75% say that cloud improves usability, 71% say it increases flexibility and 68% say that it enables them to deploy faster. Financial gain is the top motivation for moving to the cloud, but that’s only the fourth-ranked advantage overall once there. It turns out that the main strengths of the cloud are in areas that help finance organisations improve business agility.

These are pretty amazing numbers. It would be unheard of, until fairly recently, for any decent-sized organisation to consider migrating its core ERP or EPM systems without a very, very good reason. Now, the majority of companies believe that the advantages of such a move—and specifically, moving to the cloud—overwhelm any downside.

 

The commercial imperative

Indeed, the benefits are more likely viewed as a competitive necessity. Cloud eliminates the old cycle of new system launches every two or three years—replacing it with incremental upgrades several times each year, and easy, instant access to additional features and capabilities.

And that is, no doubt, what’s behind the figures above. Finance professionals have an increasingly strong appetite to experiment with and exploit the latest technologies. AI, robotic process automation, internet of things, intelligent bots, augmented reality and blockchain are all being evaluated and used by significant numbers of organisations.

They’re improving efficiency in their day-to-day operations, joining-up operating processes across their business and reducing manual effort (and human error) through increased automation. Moreover, AI is increasingly being applied to analytics to find answers to compelling new questions that were, themselves, previously unthinkable—providing powerful new strategic insights.

Finance organisations are becoming more agile—able to think smarter, work more flexibly, and act faster using the very latest technical capabilities.

 

But it’s only available via cloud-based ERP and EPM

Increasingly, all these advances are only being developed as part of cloud-based platforms. And more and more advanced features are filtering down to entry-level cloud solutions—at least in basic form—encouraging finance people everywhere to experiment with what’s possible. That means, if you’re not yet using these tools in the cloud, you’re most likely falling behind your competitors that are—and that applies both from the broader business perspective as well as from the internal operating competency viewpoint.

The cloud makes it simple to deploy, integrate and experiment with new capabilities, alongside whatever you may already have in place. It has become the new normal in finance. It seems like we’re now at a watershed moment where those that embrace the potential of cloud will accelerate away from those that do not, and potentially achieve unassailable new operating efficiencies.

The good news is that it’s easy to get started.  According to MIT Technology Review in a 2017 report, 86% of those making a transition to the cloud said the costs were in line with, or better than expected, and 87% said that the timeframe of transition to the cloud was in line with, or better than expected.

_______

* Except where stated otherwise, all figures in this article are taken from ‘Combined ERP and EPM Cloud Trends for 2018’, Oracle, 2018.

 

Cloud: Look before you leap—and discover unbelievable new agility

Anshu Sharma - Mon, 2018-05-21 05:48

All around the world, finance teams are now fully embracing the cloud to simplify their operations. The heady allure of reduced costs, increased functionality, and other benefits are driving the migration. Yet what’s getting people really excited is the unexpected flush of new business agility they experience after they’ve made the change.

At long last, the cloud is becoming accepted as the default environment to simplify ERP and EPM. Fifty-six percent* of finance teams have already moved to the cloud—or will do so within the next year—and 24% more plan to move at some point soon.

 

Major cost benefits in the cloud

Businesses are making the change to enjoy a wide range of benefits. According to a recent survey by Oracle*, reducing costs is (predictably) the main motivation, with improved functionality in second place—and culture, timing and the ability to write-off existing investments also key factors. The financial motivation breaks down into a desire to avoid infrastructure investment and on-premises upgrades, and also to achieve a lower total cost of ownership.

And Cloud is delivering on its promise in all these areas—across both ERP and EPM, 70% say they have experienced economic benefits after moving to the cloud.

 

Leap for joy at cloud agility

But the biggest overall benefit of moving to the cloud—quoted by 85% of those who have made the change—is staying current on technology. Moreover, 75% say that cloud improves usability, 71% say it increases flexibility and 68% say that it enables them to deploy faster. Financial gain is the top motivation for moving to the cloud, but that’s only the fourth-ranked advantage overall once there. It turns out that the main strengths of the cloud are in areas that help finance organisations improve business agility.

These are pretty amazing numbers. It would be unheard of, until fairly recently, for any decent-sized organisation to consider migrating its core ERP or EPM systems without a very, very good reason. Now, the majority of companies believe that the advantages of such a move—and specifically, moving to the cloud—overwhelm any downside.

 

The commercial imperative

Indeed, the benefits are more likely viewed as a competitive necessity. Cloud eliminates the old cycle of new system launches every two or three years—replacing it with incremental upgrades several times each year, and easy, instant access to additional features and capabilities.

And that is, no doubt, what’s behind the figures above. Finance professionals have an increasingly strong appetite to experiment with and exploit the latest technologies. AI, robotic process automation, internet of things, intelligent bots, augmented reality and blockchain are all being evaluated and used by significant numbers of organisations.

They’re improving efficiency in their day-to-day operations, joining-up operating processes across their business and reducing manual effort (and human error) through increased automation. Moreover, AI is increasingly being applied to analytics to find answers to compelling new questions that were, themselves, previously unthinkable—providing powerful new strategic insights.

Finance organisations are becoming more agile—able to think smarter, work more flexibly, and act faster using the very latest technical capabilities.

 

But it’s only available via cloud-based ERP and EPM

Increasingly, all these advances are only being developed as part of cloud-based platforms. And more and more advanced features are filtering down to entry-level cloud solutions—at least in basic form—encouraging finance people everywhere to experiment with what’s possible. That means, if you’re not yet using these tools in the cloud, you’re most likely falling behind your competitors that are—and that applies both from the broader business perspective as well as from the internal operating competency viewpoint.

The cloud makes it simple to deploy, integrate and experiment with new capabilities, alongside whatever you may already have in place. It has become the new normal in finance. It seems like we’re now at a watershed moment where those that embrace the potential of cloud will accelerate away from those that do not, and potentially achieve unassailable new operating efficiencies.

The good news is that it’s easy to get started.  According to MIT Technology Review in a 2017 report, 86% of those making a transition to the cloud said the costs were in line with, or better than expected, and 87% said that the timeframe of transition to the cloud was in line with, or better than expected.

_______

* Except where stated otherwise, all figures in this article are taken from ‘Combined ERP and EPM Cloud Trends for 2018’, Oracle, 2018.

 

Cloud: Look before you leap—and discover unbelievable new agility

Angelo Santagata - Mon, 2018-05-21 05:48

All around the world, finance teams are now fully embracing the cloud to simplify their operations. The heady allure of reduced costs, increased functionality, and other benefits are driving the migration. Yet what’s getting people really excited is the unexpected flush of new business agility they experience after they’ve made the change.

At long last, the cloud is becoming accepted as the default environment to simplify ERP and EPM. Fifty-six percent* of finance teams have already moved to the cloud—or will do so within the next year—and 24% more plan to move at some point soon.

 

Major cost benefits in the cloud

Businesses are making the change to enjoy a wide range of benefits. According to a recent survey by Oracle*, reducing costs is (predictably) the main motivation, with improved functionality in second place—and culture, timing and the ability to write-off existing investments also key factors. The financial motivation breaks down into a desire to avoid infrastructure investment and on-premises upgrades, and also to achieve a lower total cost of ownership.

And Cloud is delivering on its promise in all these areas—across both ERP and EPM, 70% say they have experienced economic benefits after moving to the cloud.

 

Leap for joy at cloud agility

But the biggest overall benefit of moving to the cloud—quoted by 85% of those who have made the change—is staying current on technology. Moreover, 75% say that cloud improves usability, 71% say it increases flexibility and 68% say that it enables them to deploy faster. Financial gain is the top motivation for moving to the cloud, but that’s only the fourth-ranked advantage overall once there. It turns out that the main strengths of the cloud are in areas that help finance organisations improve business agility.

These are pretty amazing numbers. It would be unheard of, until fairly recently, for any decent-sized organisation to consider migrating its core ERP or EPM systems without a very, very good reason. Now, the majority of companies believe that the advantages of such a move—and specifically, moving to the cloud—overwhelm any downside.

 

The commercial imperative

Indeed, the benefits are more likely viewed as a competitive necessity. Cloud eliminates the old cycle of new system launches every two or three years—replacing it with incremental upgrades several times each year, and easy, instant access to additional features and capabilities.

And that is, no doubt, what’s behind the figures above. Finance professionals have an increasingly strong appetite to experiment with and exploit the latest technologies. AI, robotic process automation, internet of things, intelligent bots, augmented reality and blockchain are all being evaluated and used by significant numbers of organisations.

They’re improving efficiency in their day-to-day operations, joining-up operating processes across their business and reducing manual effort (and human error) through increased automation. Moreover, AI is increasingly being applied to analytics to find answers to compelling new questions that were, themselves, previously unthinkable—providing powerful new strategic insights.

Finance organisations are becoming more agile—able to think smarter, work more flexibly, and act faster using the very latest technical capabilities.

 

But it’s only available via cloud-based ERP and EPM

Increasingly, all these advances are only being developed as part of cloud-based platforms. And more and more advanced features are filtering down to entry-level cloud solutions—at least in basic form—encouraging finance people everywhere to experiment with what’s possible. That means, if you’re not yet using these tools in the cloud, you’re most likely falling behind your competitors that are—and that applies both from the broader business perspective as well as from the internal operating competency viewpoint.

The cloud makes it simple to deploy, integrate and experiment with new capabilities, alongside whatever you may already have in place. It has become the new normal in finance. It seems like we’re now at a watershed moment where those that embrace the potential of cloud will accelerate away from those that do not, and potentially achieve unassailable new operating efficiencies.

The good news is that it’s easy to get started.  According to MIT Technology Review in a 2017 report, 86% of those making a transition to the cloud said the costs were in line with, or better than expected, and 87% said that the timeframe of transition to the cloud was in line with, or better than expected.

_______

* Except where stated otherwise, all figures in this article are taken from ‘Combined ERP and EPM Cloud Trends for 2018’, Oracle, 2018.

 

You’ve got to start with the customer experience

Christopher Jones - Mon, 2018-05-21 05:47

Visionary business leader Steve Jobs once remarked: ‘You’ve got to start with the customer experience and work backwards to the technology.’ From someone who spent his life creating definitive customer experiences in technology itself, these words should carry some weight—and are as true today as ever.

The fact is that customer experience is a science, and relevance is its key goal. A powerful customer experience is essential to compete today. And relevance is what cuts through the noise of the market to actually make the connection with customers.

 

The fundamentals of success

For companies to transform their customer experience, they need to be able to streamline their processes and create innovative customer experiences. They also have to be able to deliver by connecting all their internal teams together so they always speak with one consistent voice.

But that’s only part of the story. Customers have real choice today. They’re inundated with similar messages to yours and are becoming increasingly discerning in their tastes.

Making yourself relevant depends on the strength of your offering and content, and the effectiveness of your audience targeting. It also depends on your technical capabilities. Many of your competitors will already be experimenting with powerful new technologies to increase loyalty and drive stronger margins.

 

The value of data

Learning to collect and use relevant customer data is essential. Data is the lifeblood of modern business—it’s the basis of being able to deliver any kind of personalised service on a large scale. Businesses need to use data to analyse behaviour, create profiles for potential new customers, build propositions around those target personas and then deliver a compelling experience. They also need to continually capture new data at every touchpoint to constantly improve their offerings.

Artificial intelligence (AI) and machine learning (ML) have a key role to play both in the analysis of the data and also in the automation of the customer experience. These technologies are developing at speed to enable us to improve our data analysis, pre-empt changing customer tastes and automate parts of service delivery.

 

More mature digital marketing

You can also now add in all kinds of technologies to the customer experience mix that are straight out of sci-fi. The internet of things (IoT) is here, with connected devices providing help in all kinds of areas—from keeping you on the right road to telling you when your vehicle needs maintenance, from providing updates on your order status to delivering personal service wherever you are, and much more—enabling you to drive real transformation.

Moreover, intelligent bots are making it much easier to provide high-quality, cost-effective, round-the-clock customer support—able to deal with a wide range of issues—and using ML to improve their own performance over time.

Augmented reality makes it possible to add contextual information, based on your own products and services, to real-world moments. So, if you’re a car manufacturer you may wish to provide help with simple roadside repairs (e.g. change of tire) via a smartphone app.

 

Always omnichannel

Finally, whether at the pre-sale or delivery stage, your customer experience platform must give you the ability to deliver consistency at every touchpoint. Whatever channel, whatever time, whatever context, your customers must all believe that your whole business is one person.

Indeed, as Michael Schrage, author of the Harvard Business Review, said: ‘Innovation is an investment in the capabilities and competencies of your customers. Your future depends on their future.’ So you have to get as close as possible to your customers to learn what they want today, and understand what experiences they are likely to want tomorrow. Work backwards from that and use any technology that can help you deliver it.

You’ve got to start with the customer experience

Chris Warticki - Mon, 2018-05-21 05:47

Visionary business leader Steve Jobs once remarked: ‘You’ve got to start with the customer experience and work backwards to the technology.’ From someone who spent his life creating definitive customer experiences in technology itself, these words should carry some weight—and are as true today as ever.

The fact is that customer experience is a science, and relevance is its key goal. A powerful customer experience is essential to compete today. And relevance is what cuts through the noise of the market to actually make the connection with customers.

 

The fundamentals of success

For companies to transform their customer experience, they need to be able to streamline their processes and create innovative customer experiences. They also have to be able to deliver by connecting all their internal teams together so they always speak with one consistent voice.

But that’s only part of the story. Customers have real choice today. They’re inundated with similar messages to yours and are becoming increasingly discerning in their tastes.

Making yourself relevant depends on the strength of your offering and content, and the effectiveness of your audience targeting. It also depends on your technical capabilities. Many of your competitors will already be experimenting with powerful new technologies to increase loyalty and drive stronger margins.

 

The value of data

Learning to collect and use relevant customer data is essential. Data is the lifeblood of modern business—it’s the basis of being able to deliver any kind of personalised service on a large scale. Businesses need to use data to analyse behaviour, create profiles for potential new customers, build propositions around those target personas and then deliver a compelling experience. They also need to continually capture new data at every touchpoint to constantly improve their offerings.

Artificial intelligence (AI) and machine learning (ML) have a key role to play both in the analysis of the data and also in the automation of the customer experience. These technologies are developing at speed to enable us to improve our data analysis, pre-empt changing customer tastes and automate parts of service delivery.

 

More mature digital marketing

You can also now add in all kinds of technologies to the customer experience mix that are straight out of sci-fi. The internet of things (IoT) is here, with connected devices providing help in all kinds of areas—from keeping you on the right road to telling you when your vehicle needs maintenance, from providing updates on your order status to delivering personal service wherever you are, and much more—enabling you to drive real transformation.

Moreover, intelligent bots are making it much easier to provide high-quality, cost-effective, round-the-clock customer support—able to deal with a wide range of issues—and using ML to improve their own performance over time.

Augmented reality makes it possible to add contextual information, based on your own products and services, to real-world moments. So, if you’re a car manufacturer you may wish to provide help with simple roadside repairs (e.g. change of tire) via a smartphone app.

 

Always omnichannel

Finally, whether at the pre-sale or delivery stage, your customer experience platform must give you the ability to deliver consistency at every touchpoint. Whatever channel, whatever time, whatever context, your customers must all believe that your whole business is one person.

Indeed, as Michael Schrage, author of the Harvard Business Review, said: ‘Innovation is an investment in the capabilities and competencies of your customers. Your future depends on their future.’ So you have to get as close as possible to your customers to learn what they want today, and understand what experiences they are likely to want tomorrow. Work backwards from that and use any technology that can help you deliver it.

You’ve got to start with the customer experience

Antony Reynolds - Mon, 2018-05-21 05:47

Visionary business leader Steve Jobs once remarked: ‘You’ve got to start with the customer experience and work backwards to the technology.’ From someone who spent his life creating definitive customer experiences in technology itself, these words should carry some weight—and are as true today as ever.

The fact is that customer experience is a science, and relevance is its key goal. A powerful customer experience is essential to compete today. And relevance is what cuts through the noise of the market to actually make the connection with customers.

 

The fundamentals of success

For companies to transform their customer experience, they need to be able to streamline their processes and create innovative customer experiences. They also have to be able to deliver by connecting all their internal teams together so they always speak with one consistent voice.

But that’s only part of the story. Customers have real choice today. They’re inundated with similar messages to yours and are becoming increasingly discerning in their tastes.

Making yourself relevant depends on the strength of your offering and content, and the effectiveness of your audience targeting. It also depends on your technical capabilities. Many of your competitors will already be experimenting with powerful new technologies to increase loyalty and drive stronger margins.

 

The value of data

Learning to collect and use relevant customer data is essential. Data is the lifeblood of modern business—it’s the basis of being able to deliver any kind of personalised service on a large scale. Businesses need to use data to analyse behaviour, create profiles for potential new customers, build propositions around those target personas and then deliver a compelling experience. They also need to continually capture new data at every touchpoint to constantly improve their offerings.

Artificial intelligence (AI) and machine learning (ML) have a key role to play both in the analysis of the data and also in the automation of the customer experience. These technologies are developing at speed to enable us to improve our data analysis, pre-empt changing customer tastes and automate parts of service delivery.

 

More mature digital marketing

You can also now add in all kinds of technologies to the customer experience mix that are straight out of sci-fi. The internet of things (IoT) is here, with connected devices providing help in all kinds of areas—from keeping you on the right road to telling you when your vehicle needs maintenance, from providing updates on your order status to delivering personal service wherever you are, and much more—enabling you to drive real transformation.

Moreover, intelligent bots are making it much easier to provide high-quality, cost-effective, round-the-clock customer support—able to deal with a wide range of issues—and using ML to improve their own performance over time.

Augmented reality makes it possible to add contextual information, based on your own products and services, to real-world moments. So, if you’re a car manufacturer you may wish to provide help with simple roadside repairs (e.g. change of tire) via a smartphone app.

 

Always omnichannel

Finally, whether at the pre-sale or delivery stage, your customer experience platform must give you the ability to deliver consistency at every touchpoint. Whatever channel, whatever time, whatever context, your customers must all believe that your whole business is one person.

Indeed, as Michael Schrage, author of the Harvard Business Review, said: ‘Innovation is an investment in the capabilities and competencies of your customers. Your future depends on their future.’ So you have to get as close as possible to your customers to learn what they want today, and understand what experiences they are likely to want tomorrow. Work backwards from that and use any technology that can help you deliver it.

You’ve got to start with the customer experience

Antonio Romero - Mon, 2018-05-21 05:47

Visionary business leader Steve Jobs once remarked: ‘You’ve got to start with the customer experience and work backwards to the technology.’ From someone who spent his life creating definitive customer experiences in technology itself, these words should carry some weight—and are as true today as ever.

The fact is that customer experience is a science, and relevance is its key goal. A powerful customer experience is essential to compete today. And relevance is what cuts through the noise of the market to actually make the connection with customers.

 

The fundamentals of success

For companies to transform their customer experience, they need to be able to streamline their processes and create innovative customer experiences. They also have to be able to deliver by connecting all their internal teams together so they always speak with one consistent voice.

But that’s only part of the story. Customers have real choice today. They’re inundated with similar messages to yours and are becoming increasingly discerning in their tastes.

Making yourself relevant depends on the strength of your offering and content, and the effectiveness of your audience targeting. It also depends on your technical capabilities. Many of your competitors will already be experimenting with powerful new technologies to increase loyalty and drive stronger margins.

 

The value of data

Learning to collect and use relevant customer data is essential. Data is the lifeblood of modern business—it’s the basis of being able to deliver any kind of personalised service on a large scale. Businesses need to use data to analyse behaviour, create profiles for potential new customers, build propositions around those target personas and then deliver a compelling experience. They also need to continually capture new data at every touchpoint to constantly improve their offerings.

Artificial intelligence (AI) and machine learning (ML) have a key role to play both in the analysis of the data and also in the automation of the customer experience. These technologies are developing at speed to enable us to improve our data analysis, pre-empt changing customer tastes and automate parts of service delivery.

 

More mature digital marketing

You can also now add in all kinds of technologies to the customer experience mix that are straight out of sci-fi. The internet of things (IoT) is here, with connected devices providing help in all kinds of areas—from keeping you on the right road to telling you when your vehicle needs maintenance, from providing updates on your order status to delivering personal service wherever you are, and much more—enabling you to drive real transformation.

Moreover, intelligent bots are making it much easier to provide high-quality, cost-effective, round-the-clock customer support—able to deal with a wide range of issues—and using ML to improve their own performance over time.

Augmented reality makes it possible to add contextual information, based on your own products and services, to real-world moments. So, if you’re a car manufacturer you may wish to provide help with simple roadside repairs (e.g. change of tire) via a smartphone app.

 

Always omnichannel

Finally, whether at the pre-sale or delivery stage, your customer experience platform must give you the ability to deliver consistency at every touchpoint. Whatever channel, whatever time, whatever context, your customers must all believe that your whole business is one person.

Indeed, as Michael Schrage, author of the Harvard Business Review, said: ‘Innovation is an investment in the capabilities and competencies of your customers. Your future depends on their future.’ So you have to get as close as possible to your customers to learn what they want today, and understand what experiences they are likely to want tomorrow. Work backwards from that and use any technology that can help you deliver it.

You’ve got to start with the customer experience

Anthony Shorten - Mon, 2018-05-21 05:47

Visionary business leader Steve Jobs once remarked: ‘You’ve got to start with the customer experience and work backwards to the technology.’ From someone who spent his life creating definitive customer experiences in technology itself, these words should carry some weight—and are as true today as ever.

The fact is that customer experience is a science, and relevance is its key goal. A powerful customer experience is essential to compete today. And relevance is what cuts through the noise of the market to actually make the connection with customers.

 

The fundamentals of success

For companies to transform their customer experience, they need to be able to streamline their processes and create innovative customer experiences. They also have to be able to deliver by connecting all their internal teams together so they always speak with one consistent voice.

But that’s only part of the story. Customers have real choice today. They’re inundated with similar messages to yours and are becoming increasingly discerning in their tastes.

Making yourself relevant depends on the strength of your offering and content, and the effectiveness of your audience targeting. It also depends on your technical capabilities. Many of your competitors will already be experimenting with powerful new technologies to increase loyalty and drive stronger margins.

 

The value of data

Learning to collect and use relevant customer data is essential. Data is the lifeblood of modern business—it’s the basis of being able to deliver any kind of personalised service on a large scale. Businesses need to use data to analyse behaviour, create profiles for potential new customers, build propositions around those target personas and then deliver a compelling experience. They also need to continually capture new data at every touchpoint to constantly improve their offerings.

Artificial intelligence (AI) and machine learning (ML) have a key role to play both in the analysis of the data and also in the automation of the customer experience. These technologies are developing at speed to enable us to improve our data analysis, pre-empt changing customer tastes and automate parts of service delivery.

 

More mature digital marketing

You can also now add in all kinds of technologies to the customer experience mix that are straight out of sci-fi. The internet of things (IoT) is here, with connected devices providing help in all kinds of areas—from keeping you on the right road to telling you when your vehicle needs maintenance, from providing updates on your order status to delivering personal service wherever you are, and much more—enabling you to drive real transformation.

Moreover, intelligent bots are making it much easier to provide high-quality, cost-effective, round-the-clock customer support—able to deal with a wide range of issues—and using ML to improve their own performance over time.

Augmented reality makes it possible to add contextual information, based on your own products and services, to real-world moments. So, if you’re a car manufacturer you may wish to provide help with simple roadside repairs (e.g. change of tire) via a smartphone app.

 

Always omnichannel

Finally, whether at the pre-sale or delivery stage, your customer experience platform must give you the ability to deliver consistency at every touchpoint. Whatever channel, whatever time, whatever context, your customers must all believe that your whole business is one person.

Indeed, as Michael Schrage, author of the Harvard Business Review, said: ‘Innovation is an investment in the capabilities and competencies of your customers. Your future depends on their future.’ So you have to get as close as possible to your customers to learn what they want today, and understand what experiences they are likely to want tomorrow. Work backwards from that and use any technology that can help you deliver it.

You’ve got to start with the customer experience

Anshu Sharma - Mon, 2018-05-21 05:47

Visionary business leader Steve Jobs once remarked: ‘You’ve got to start with the customer experience and work backwards to the technology.’ From someone who spent his life creating definitive customer experiences in technology itself, these words should carry some weight—and are as true today as ever.

The fact is that customer experience is a science, and relevance is its key goal. A powerful customer experience is essential to compete today. And relevance is what cuts through the noise of the market to actually make the connection with customers.

 

The fundamentals of success

For companies to transform their customer experience, they need to be able to streamline their processes and create innovative customer experiences. They also have to be able to deliver by connecting all their internal teams together so they always speak with one consistent voice.

But that’s only part of the story. Customers have real choice today. They’re inundated with similar messages to yours and are becoming increasingly discerning in their tastes.

Making yourself relevant depends on the strength of your offering and content, and the effectiveness of your audience targeting. It also depends on your technical capabilities. Many of your competitors will already be experimenting with powerful new technologies to increase loyalty and drive stronger margins.

 

The value of data

Learning to collect and use relevant customer data is essential. Data is the lifeblood of modern business—it’s the basis of being able to deliver any kind of personalised service on a large scale. Businesses need to use data to analyse behaviour, create profiles for potential new customers, build propositions around those target personas and then deliver a compelling experience. They also need to continually capture new data at every touchpoint to constantly improve their offerings.

Artificial intelligence (AI) and machine learning (ML) have a key role to play both in the analysis of the data and also in the automation of the customer experience. These technologies are developing at speed to enable us to improve our data analysis, pre-empt changing customer tastes and automate parts of service delivery.

 

More mature digital marketing

You can also now add in all kinds of technologies to the customer experience mix that are straight out of sci-fi. The internet of things (IoT) is here, with connected devices providing help in all kinds of areas—from keeping you on the right road to telling you when your vehicle needs maintenance, from providing updates on your order status to delivering personal service wherever you are, and much more—enabling you to drive real transformation.

Moreover, intelligent bots are making it much easier to provide high-quality, cost-effective, round-the-clock customer support—able to deal with a wide range of issues—and using ML to improve their own performance over time.

Augmented reality makes it possible to add contextual information, based on your own products and services, to real-world moments. So, if you’re a car manufacturer you may wish to provide help with simple roadside repairs (e.g. change of tire) via a smartphone app.

 

Always omnichannel

Finally, whether at the pre-sale or delivery stage, your customer experience platform must give you the ability to deliver consistency at every touchpoint. Whatever channel, whatever time, whatever context, your customers must all believe that your whole business is one person.

Indeed, as Michael Schrage, author of the Harvard Business Review, said: ‘Innovation is an investment in the capabilities and competencies of your customers. Your future depends on their future.’ So you have to get as close as possible to your customers to learn what they want today, and understand what experiences they are likely to want tomorrow. Work backwards from that and use any technology that can help you deliver it.

You’ve got to start with the customer experience

Angelo Santagata - Mon, 2018-05-21 05:47

Visionary business leader Steve Jobs once remarked: ‘You’ve got to start with the customer experience and work backwards to the technology.’ From someone who spent his life creating definitive customer experiences in technology itself, these words should carry some weight—and are as true today as ever.

The fact is that customer experience is a science, and relevance is its key goal. A powerful customer experience is essential to compete today. And relevance is what cuts through the noise of the market to actually make the connection with customers.

 

The fundamentals of success

For companies to transform their customer experience, they need to be able to streamline their processes and create innovative customer experiences. They also have to be able to deliver by connecting all their internal teams together so they always speak with one consistent voice.

But that’s only part of the story. Customers have real choice today. They’re inundated with similar messages to yours and are becoming increasingly discerning in their tastes.

Making yourself relevant depends on the strength of your offering and content, and the effectiveness of your audience targeting. It also depends on your technical capabilities. Many of your competitors will already be experimenting with powerful new technologies to increase loyalty and drive stronger margins.

 

The value of data

Learning to collect and use relevant customer data is essential. Data is the lifeblood of modern business—it’s the basis of being able to deliver any kind of personalised service on a large scale. Businesses need to use data to analyse behaviour, create profiles for potential new customers, build propositions around those target personas and then deliver a compelling experience. They also need to continually capture new data at every touchpoint to constantly improve their offerings.

Artificial intelligence (AI) and machine learning (ML) have a key role to play both in the analysis of the data and also in the automation of the customer experience. These technologies are developing at speed to enable us to improve our data analysis, pre-empt changing customer tastes and automate parts of service delivery.

 

More mature digital marketing

You can also now add in all kinds of technologies to the customer experience mix that are straight out of sci-fi. The internet of things (IoT) is here, with connected devices providing help in all kinds of areas—from keeping you on the right road to telling you when your vehicle needs maintenance, from providing updates on your order status to delivering personal service wherever you are, and much more—enabling you to drive real transformation.

Moreover, intelligent bots are making it much easier to provide high-quality, cost-effective, round-the-clock customer support—able to deal with a wide range of issues—and using ML to improve their own performance over time.

Augmented reality makes it possible to add contextual information, based on your own products and services, to real-world moments. So, if you’re a car manufacturer you may wish to provide help with simple roadside repairs (e.g. change of tire) via a smartphone app.

 

Always omnichannel

Finally, whether at the pre-sale or delivery stage, your customer experience platform must give you the ability to deliver consistency at every touchpoint. Whatever channel, whatever time, whatever context, your customers must all believe that your whole business is one person.

Indeed, as Michael Schrage, author of the Harvard Business Review, said: ‘Innovation is an investment in the capabilities and competencies of your customers. Your future depends on their future.’ So you have to get as close as possible to your customers to learn what they want today, and understand what experiences they are likely to want tomorrow. Work backwards from that and use any technology that can help you deliver it.

How APIs help make application integration intelligent

Christopher Jones - Mon, 2018-05-21 05:47

Artificial intelligence (AI) represents a technology paradigm shift, with the potential to completely revolutionise the way people work over the next few years. Application programming interfaces (APIs) are crucially important in enabling the rapid development of these AI applications. Conversely AI is also being used to validate APIs, themselves, and also to analyse and optimise their performance.

Wikipedia defines an API as a ‘set of subroutine definitions, protocols and tools for building application software’. In slightly less dry terms, an API is basically a gateway to the core capabilities of an application, enabling that functionality to be built into other software. So, for example, if you were creating an app that needed to show geographic location, you might choose to implement Google Maps’ API. It’s obviously much easier, faster and future-proof to do that than to build your own mapping application from scratch.

 

How APIs are used in AI

And that’s the key strength of API—it’s a hugely efficient way of enabling networked systems to communicate and draw on each other’s functionality, offering major benefits for creating AI applications.

Artificially intelligent machine ‘skills’ are, of course, just applications that can be provided as APIs. So if you ask your voice-activated smart device—whether it’s Siri, Cortana, Google Assistant, or any of the rest—what time you can get to the Town Hall via bus, it’s response will depend on various skills that might include:

  • Awareness of where you are—from a geo-location API
  • Knowledge of bus routes and service delays in your area—from a publicly available bus company API
  • Tracking of general traffic and passenger levels—from APIs that show user locations provided by mobile device manufacturers
  • Being able to find the town hall—from a mapping API

None of these APIs needs to know anything about the others. They simply take information in a pre-defined format and output data in their own way. The AI application, itself, has to understand each API’s data parameters, tie all their skills together, apply the intelligence and then process the data.

 

Everything is possible

That means you can combine the seemingly infinite number of APIs that exist in any way you like, giving you the power to produce highly advanced applications—and create unique sources of value for your business. You could potentially build apps to enhance the customer experience, improve your internal processes, and analyse data more effectively to strengthen decision making—and perhaps even identify whole new areas of business to get into.

 

How AI is being used to improve APIs

APIs are the ideal way of getting information into AI applications and also helping to streamline analytics—yet artificial intelligence also has a vital role to play within API development itself. For example, AI can be used to automatically create, validate and maintain API software development kits (implementations of APIs in multiple different programming languages).

AI can also be used to monitor API traffic. By analysing calls to APIs using intelligent algorithms, you can identify problems and trends, potentially helping you tailor and improve the APIs over time. Indeed, AI can be used to analyse internal company system APIs, for example, helping you score sales leads, predict customer behaviour, optimise elements of your supply chain, and much more.

 

How APIs help make application integration intelligent

Chris Warticki - Mon, 2018-05-21 05:47

Artificial intelligence (AI) represents a technology paradigm shift, with the potential to completely revolutionise the way people work over the next few years. Application programming interfaces (APIs) are crucially important in enabling the rapid development of these AI applications. Conversely AI is also being used to validate APIs, themselves, and also to analyse and optimise their performance.

Wikipedia defines an API as a ‘set of subroutine definitions, protocols and tools for building application software’. In slightly less dry terms, an API is basically a gateway to the core capabilities of an application, enabling that functionality to be built into other software. So, for example, if you were creating an app that needed to show geographic location, you might choose to implement Google Maps’ API. It’s obviously much easier, faster and future-proof to do that than to build your own mapping application from scratch.

 

How APIs are used in AI

And that’s the key strength of API—it’s a hugely efficient way of enabling networked systems to communicate and draw on each other’s functionality, offering major benefits for creating AI applications.

Artificially intelligent machine ‘skills’ are, of course, just applications that can be provided as APIs. So if you ask your voice-activated smart device—whether it’s Siri, Cortana, Google Assistant, or any of the rest—what time you can get to the Town Hall via bus, it’s response will depend on various skills that might include:

  • Awareness of where you are—from a geo-location API
  • Knowledge of bus routes and service delays in your area—from a publicly available bus company API
  • Tracking of general traffic and passenger levels—from APIs that show user locations provided by mobile device manufacturers
  • Being able to find the town hall—from a mapping API

None of these APIs needs to know anything about the others. They simply take information in a pre-defined format and output data in their own way. The AI application, itself, has to understand each API’s data parameters, tie all their skills together, apply the intelligence and then process the data.

 

Everything is possible

That means you can combine the seemingly infinite number of APIs that exist in any way you like, giving you the power to produce highly advanced applications—and create unique sources of value for your business. You could potentially build apps to enhance the customer experience, improve your internal processes, and analyse data more effectively to strengthen decision making—and perhaps even identify whole new areas of business to get into.

 

How AI is being used to improve APIs

APIs are the ideal way of getting information into AI applications and also helping to streamline analytics—yet artificial intelligence also has a vital role to play within API development itself. For example, AI can be used to automatically create, validate and maintain API software development kits (implementations of APIs in multiple different programming languages).

AI can also be used to monitor API traffic. By analysing calls to APIs using intelligent algorithms, you can identify problems and trends, potentially helping you tailor and improve the APIs over time. Indeed, AI can be used to analyse internal company system APIs, for example, helping you score sales leads, predict customer behaviour, optimise elements of your supply chain, and much more.

 

How APIs help make application integration intelligent

Antony Reynolds - Mon, 2018-05-21 05:47

Artificial intelligence (AI) represents a technology paradigm shift, with the potential to completely revolutionise the way people work over the next few years. Application programming interfaces (APIs) are crucially important in enabling the rapid development of these AI applications. Conversely AI is also being used to validate APIs, themselves, and also to analyse and optimise their performance.

Wikipedia defines an API as a ‘set of subroutine definitions, protocols and tools for building application software’. In slightly less dry terms, an API is basically a gateway to the core capabilities of an application, enabling that functionality to be built into other software. So, for example, if you were creating an app that needed to show geographic location, you might choose to implement Google Maps’ API. It’s obviously much easier, faster and future-proof to do that than to build your own mapping application from scratch.

 

How APIs are used in AI

And that’s the key strength of API—it’s a hugely efficient way of enabling networked systems to communicate and draw on each other’s functionality, offering major benefits for creating AI applications.

Artificially intelligent machine ‘skills’ are, of course, just applications that can be provided as APIs. So if you ask your voice-activated smart device—whether it’s Siri, Cortana, Google Assistant, or any of the rest—what time you can get to the Town Hall via bus, it’s response will depend on various skills that might include:

  • Awareness of where you are—from a geo-location API
  • Knowledge of bus routes and service delays in your area—from a publicly available bus company API
  • Tracking of general traffic and passenger levels—from APIs that show user locations provided by mobile device manufacturers
  • Being able to find the town hall—from a mapping API

None of these APIs needs to know anything about the others. They simply take information in a pre-defined format and output data in their own way. The AI application, itself, has to understand each API’s data parameters, tie all their skills together, apply the intelligence and then process the data.

 

Everything is possible

That means you can combine the seemingly infinite number of APIs that exist in any way you like, giving you the power to produce highly advanced applications—and create unique sources of value for your business. You could potentially build apps to enhance the customer experience, improve your internal processes, and analyse data more effectively to strengthen decision making—and perhaps even identify whole new areas of business to get into.

 

How AI is being used to improve APIs

APIs are the ideal way of getting information into AI applications and also helping to streamline analytics—yet artificial intelligence also has a vital role to play within API development itself. For example, AI can be used to automatically create, validate and maintain API software development kits (implementations of APIs in multiple different programming languages).

AI can also be used to monitor API traffic. By analysing calls to APIs using intelligent algorithms, you can identify problems and trends, potentially helping you tailor and improve the APIs over time. Indeed, AI can be used to analyse internal company system APIs, for example, helping you score sales leads, predict customer behaviour, optimise elements of your supply chain, and much more.

 

How APIs help make application integration intelligent

Antonio Romero - Mon, 2018-05-21 05:47

Artificial intelligence (AI) represents a technology paradigm shift, with the potential to completely revolutionise the way people work over the next few years. Application programming interfaces (APIs) are crucially important in enabling the rapid development of these AI applications. Conversely AI is also being used to validate APIs, themselves, and also to analyse and optimise their performance.

Wikipedia defines an API as a ‘set of subroutine definitions, protocols and tools for building application software’. In slightly less dry terms, an API is basically a gateway to the core capabilities of an application, enabling that functionality to be built into other software. So, for example, if you were creating an app that needed to show geographic location, you might choose to implement Google Maps’ API. It’s obviously much easier, faster and future-proof to do that than to build your own mapping application from scratch.

 

How APIs are used in AI

And that’s the key strength of API—it’s a hugely efficient way of enabling networked systems to communicate and draw on each other’s functionality, offering major benefits for creating AI applications.

Artificially intelligent machine ‘skills’ are, of course, just applications that can be provided as APIs. So if you ask your voice-activated smart device—whether it’s Siri, Cortana, Google Assistant, or any of the rest—what time you can get to the Town Hall via bus, it’s response will depend on various skills that might include:

  • Awareness of where you are—from a geo-location API
  • Knowledge of bus routes and service delays in your area—from a publicly available bus company API
  • Tracking of general traffic and passenger levels—from APIs that show user locations provided by mobile device manufacturers
  • Being able to find the town hall—from a mapping API

None of these APIs needs to know anything about the others. They simply take information in a pre-defined format and output data in their own way. The AI application, itself, has to understand each API’s data parameters, tie all their skills together, apply the intelligence and then process the data.

 

Everything is possible

That means you can combine the seemingly infinite number of APIs that exist in any way you like, giving you the power to produce highly advanced applications—and create unique sources of value for your business. You could potentially build apps to enhance the customer experience, improve your internal processes, and analyse data more effectively to strengthen decision making—and perhaps even identify whole new areas of business to get into.

 

How AI is being used to improve APIs

APIs are the ideal way of getting information into AI applications and also helping to streamline analytics—yet artificial intelligence also has a vital role to play within API development itself. For example, AI can be used to automatically create, validate and maintain API software development kits (implementations of APIs in multiple different programming languages).

AI can also be used to monitor API traffic. By analysing calls to APIs using intelligent algorithms, you can identify problems and trends, potentially helping you tailor and improve the APIs over time. Indeed, AI can be used to analyse internal company system APIs, for example, helping you score sales leads, predict customer behaviour, optimise elements of your supply chain, and much more.

 

How APIs help make application integration intelligent

Anthony Shorten - Mon, 2018-05-21 05:47

Artificial intelligence (AI) represents a technology paradigm shift, with the potential to completely revolutionise the way people work over the next few years. Application programming interfaces (APIs) are crucially important in enabling the rapid development of these AI applications. Conversely AI is also being used to validate APIs, themselves, and also to analyse and optimise their performance.

Wikipedia defines an API as a ‘set of subroutine definitions, protocols and tools for building application software’. In slightly less dry terms, an API is basically a gateway to the core capabilities of an application, enabling that functionality to be built into other software. So, for example, if you were creating an app that needed to show geographic location, you might choose to implement Google Maps’ API. It’s obviously much easier, faster and future-proof to do that than to build your own mapping application from scratch.

 

How APIs are used in AI

And that’s the key strength of API—it’s a hugely efficient way of enabling networked systems to communicate and draw on each other’s functionality, offering major benefits for creating AI applications.

Artificially intelligent machine ‘skills’ are, of course, just applications that can be provided as APIs. So if you ask your voice-activated smart device—whether it’s Siri, Cortana, Google Assistant, or any of the rest—what time you can get to the Town Hall via bus, it’s response will depend on various skills that might include:

  • Awareness of where you are—from a geo-location API
  • Knowledge of bus routes and service delays in your area—from a publicly available bus company API
  • Tracking of general traffic and passenger levels—from APIs that show user locations provided by mobile device manufacturers
  • Being able to find the town hall—from a mapping API

None of these APIs needs to know anything about the others. They simply take information in a pre-defined format and output data in their own way. The AI application, itself, has to understand each API’s data parameters, tie all their skills together, apply the intelligence and then process the data.

 

Everything is possible

That means you can combine the seemingly infinite number of APIs that exist in any way you like, giving you the power to produce highly advanced applications—and create unique sources of value for your business. You could potentially build apps to enhance the customer experience, improve your internal processes, and analyse data more effectively to strengthen decision making—and perhaps even identify whole new areas of business to get into.

 

How AI is being used to improve APIs

APIs are the ideal way of getting information into AI applications and also helping to streamline analytics—yet artificial intelligence also has a vital role to play within API development itself. For example, AI can be used to automatically create, validate and maintain API software development kits (implementations of APIs in multiple different programming languages).

AI can also be used to monitor API traffic. By analysing calls to APIs using intelligent algorithms, you can identify problems and trends, potentially helping you tailor and improve the APIs over time. Indeed, AI can be used to analyse internal company system APIs, for example, helping you score sales leads, predict customer behaviour, optimise elements of your supply chain, and much more.

 

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