I was helping out with a client discussion last week and we were discussing the changing business world that organizations need to operate within. They were focused mainly on situation analysis and understanding the extent and impact of disasters on the organization. One of the things that was clear: with all the rapid changes and increased information (in real time) that we didn’t have access to before – we’re living in a world of chaos. It is the norm, not the exception. The same techniques that can be applied to a disaster should be applied to take latency out of decisions. The disaster is just a bigger version of what’s happening every day.
It doesn’t take big transformational events like an earthquake or a tornado to shift how organizations need to respond. We need continuous insight, information and action to be agile, instant-on enterprises.
I started off my discussion with a few into Megatrends, those industry independent trends forcing organizations to change, and then delved more deeply into the abundance of capabilities available. Then we walked through some examples of the analysis organizations can do today, to determine what is important to them going forward.
The types of decisions and information required are different for every organization and the level of tolerance for change varies as well. What is conistant? We all have more information than ever and yet relatively the same decision making capabilities in our brains. Getting the information in a form that can be understood and responded to in a timely fashion will be key to organizations taking action and getting value from their expenditures in cloud, analytics and the variety of new capabilities available to us.