Data Capital: Separating the Winners and Losers of Tomorrow

first_imgIt’s undeniable; digital transformation is reshaping the world around us. Analyst firm IDC predicts that by 2021, at least 50 percent of global GDP will be digitized, with growth in every industry being driven by digitally enhanced offerings, operations, and relationships.1 Less obvious, however, is the fact that data is driving this change. In fact, the ability to put data to use is what will separate the winners and losers of tomorrow.Data is rapidly becoming any organizations’ most valuable asset and will be a strong indicator of future success. IDC also predicts that by 2020 investors will use platform, data value, and customer engagement metrics as valuation factors for all enterprises.1 Dell EMC discovered examples of valuations heavily influenced by data during a recent data valuation project with Dr. Jim Short of the San Diego Supercomputer Center.  Notable examples include:The most valuable asset in Caesar’s Palace bankruptcy filing is their Total Rewards Customer Loyalty database, valued at one billion dollars.Ninety percent of the value from LinkedIn’s $1.5B acquisition of Lynda.com was attributed to their data.Tesco internally valued their Dunnhumby data asset, which contained the shopping habits of some 770 million shoppers, at over a billion dollars.View the entire report – MIT’s Sloan Management ReviewIt’s time to change the way you look at your dataThe data platform shouldn’t be an afterthought or ancillary decision that you cede to a technology provider; it must be a centerpiece in your decision making to achieve success.Your focus must be on maximizing your Data Capital.We define Data Capital as:Wealth in the form of value derived from organizational data. Used to power digital experiences and/or unlock business insights. A source of competitive differentiation across all industries.As we’ve seen, this can be the difference between success and failure in this digital age.However, making use of data isn’t easyOrganizations that were not born in this new digital world have to augment or adapt existing business processes and technologies to leverage their data. They must also account for the massive amounts of unstructured data new digital experiences will create and consume. It is estimated that Unstructured Data will account for 80 percent of all data.When looking at how to unlock your Data Capital, there are three challenges to overcome:Data often goes unused. Analysts estimate only .5 percent of data is ever put to use. Data is often siloed and strewn across an organization’s footprint, limiting its usefulness. Without data consolidation, gathering and exposing it to the right users and applications requires substantial effort.Keeping up with data growth can stifle innovation. As data grows, management overhead, infrastructure costs, and the inability to rapidly add capacity can be problematic. It is vital to optimize infrastructure and processes so you can continue innovating while keeping costs in check.Properly aligning data with organizational goals. As my colleague Bill Schmarzo is fond of saying, “You don’t need a big data strategy, you need a business strategy that utilizes big data.” While it’s not always apparent, it is critical to ask the right questions and be thoughtful about the role data will play in your success.Crossing the Data DivideNo matter the industry, we will see data increasingly important to differentiating among competitors. Ultimately, successful organizations will need to overcome these hurdles to put their data capital to use. However, those who do not take the necessary steps to integrate their data will find it difficult to succeed in this digital world.In the coming weeks, we will discuss ways in which you can set your strategy to maximize your data capital, and provide real-world examples of companies that have already begun this journey.1IDC FutureScape: Worldwide IT Industry 2018 Predictions Oct 2017 – – Doc # US43171317last_img read more

Fluids important during hot fall sports practices

first_imgFall is here, and sports are in high gear. But the Georgia summer heat won’t let up. With temperatures still climbing into the 90s, it’s important to keep athletes safe during workouts.“The number one thing is to drink fluids before, during and after the workout,” said Connie Crawley, a nutrition specialist with University of Georgia Cooperative Extension. “Coaches need to make sure their players are getting enough fluids and adequate time to rest.”If the temperatures are high and kids are just getting back to workouts, it is important to increase the duration and intensity of the workouts gradually, Crawley said.The Georgia High School Association sets rules and regulations for high school coaches to follow when it comes to outside practices. GHSA requires a certain amount of breaks every so often and practices without equipment depending on the temperature. They can even require the players not to have practice if it’s too hot.Hot temperatures can be scary when not taken seriously. Athletes can become overheated, which can lead to passing out, seizures or even death. It is important to pay attention to the players’ performances and be aware of their conditions, said Wesley Wheeler, a football coach at East Jackson Comprehensive High School in Commerce, Ga.“If the temperature reaches a certain degree, we must break every 15 minutes to give water and let the players rest,” Wheeler said. “Sometimes we break sooner. You have to take a feel for yourself. If the kids are dragging and pouring sweat, give them a break.”Players should hydrate before practice and stay away from heavy fatty meals, Crawley said. They also need to know their limits. Kids need to start slow and only do what they can handle.It is important for athletes use sports or energy drinks appropriately. “Sports drinks are meant for rehydration after an intense workout to replenish electrolytes and fluids lost during the workout,” Crawley said. She added that water is a better choice when players aren’t in practice.“We took a heat class last summer,“ said Wheeler. “As a coach I couldn’t imagine being responsible for something happening to a player. Parents trust the coaches, and we need to ensure that [players] are taken care of.”last_img read more