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Showing posts with the label cost reduction

Applied-AI in Retail: Strategic Growth Opportunity

If your AI investments are still in pilot mode, you're falling behind. The latest research data shows 42 percent of retailers have moved AI into production, revenue leaders report 20+ percent lifts, and 97 percent are increasing budgets next year. The question is no longer whether to scale AI, but whether you can scale it fast enough to maintain a competitive position. As an advisor to the C-suite, I see retailers and CPG firms shifting from experimentation to scaled deployment, with AI moving from the innovation lab into core P&L ownership. This latest "State of AI in Retail and CPG" study from NVIDIA reveals a critical inflection point: AI is now a broad-based transformation lever, driving revenue, compressing costs, and reshaping how retailers compete across digital, store, and supply chain operations. The Adoption Reality Check Nine in ten companies are either actively using AI or assessing it through pilots, that's up from 82 percent in 2023. But the spread t...

Applied-AI in Healthcare and Life Sciences

While many industries grapple with artificial intelligence (AI) adoption, healthcare and life sciences have emerged as unexpected frontrunners in the Applied-AI transformation. This isn't merely about early adoption; it's about meaningful deployment at scale. The healthcare sector has decisively moved beyond the experimental phase, transforming AI from a technological curiosity into an operational necessity, reshaping everything from drug discovery to clinical documentation. What makes this transformation particularly compelling is its breadth. Unlike other sectors where AI applications remain narrowly focused, healthcare organizations are deploying AI across an extraordinarily diverse range of use cases — from analyzing medical imagery to accelerating pharmaceutical research, from optimizing hospital workflows to personalizing treatment protocols. This multi-dimensional adoption reflects both the complexity of healthcare challenges and the sector's willingness to embrace i...

How Healthcare IT will Migrate to Cloud Services

According to the findings from a global market study, the healthcare sector has a highly complex IT environment that's supporting a very diversified professional user population (i.e., clinicians) -- along with their patients in life-critical situations. The industry is currently facing growing economic and regulatory pressures that make its IT infrastructure primed for change. Therefore, all organizations will likely consider the potential benefits of migrating to cloud computing. Improvement in the quality of healthcare services is a key driver for managed cloud service adoption. Billions of dollars of federal incentives are provided for the delivery of quality healthcare services, and expanding the use of electronic health record (EHRs) systems -- as well as providing the basis for the exchange of information and data across and between the providers. These EHR systems are expected to be used extensively by 2014. Another significant opportunity is the consumer-oriented c...

Demand for Managed Multi-Service Business Gateways

We're clearly in a period of global IT market transition. Enterprises are moving more applications, data and associated services to the central data center. Meanwhile, more small and medium-sized businesses (SMBs) are relying on managed service providers to deliver various types of hosted service offerings . These trends are driven by cost savings that are realized through consolidation -- the impact reaches beyond basic data processing requirements, as it also impacts traditional voice communication needs. SMBs are turning to hosted Centrex service, and enterprises are moving PBX capability and SIP trunking -- a VoIP solution based on SIP protocol -- to the unified data center . Looking to support less infrastructure on-site, branch offices and SMBs are able to consolidate multiple services into a multi-service business gateway (MSBG). According to the latest market study by In-Stat , they have forecast that the growth of MSBG revenues in the SMB market will exceed $1 billio...

Cloud and Managed Services Spending Forecast

Gartner recently shared their top technology predictions. They said that increased transparency -- and the need to drive business value -- are bringing disruptive change to IT organizations in 2011 and beyond. One of their key findings: cloud computing will enable many organizations to exploit internal capabilities to establish new business service revenue streams. Other informed industry analysts share a similar point of view. Businesses are increasingly moving their computing and collaboration applications to the cloud, and their shift in IT spending reflects that change in behavior. A recent market study by In-Stat forecasts cloud computing and managed hosting spending by U.S. businesses will surpass $13 billion in 2014, up from less than 3 billion today. “Although spending across all sectors and size of business is projected to grow, there are some segments where growth will be staggering,” says Greg Potter, Research Analyst at In-Stat. Apparently, based on In-Stat’s ass...

Cloud Services Embraced by More Progressive Leaders

Once again, we return to the topic of managed cloud services lessons-learned, and the associated best practices that have been gleaned by the early-adopters. The need for agile organizations and adaptive business processes continues to fuel demand for alternatives to the legacy IT status-quo. According to the latest market assessment by IDC , cloud computing is being adopted more widely for a larger portfolio of business applications, as IT and business leaders discover what works well -- and what doesn't work so well. The active ingredients for cloud enablement are: just-in-time software stacks that are ready to provision, on-demand deployments, a self-service catalog of cloud services, the scalability to meet growing demand for computing resource and the flexibility to scale down resources -- when they're no longer needed by the user. Cloud computing uses still focus primarily on public cloud services, with the early adopters leveraging cloud computing for application ...

Managed Telepresence Gains New Converts

As the European aviation sector encountered major disruptions, online business meeting services attracted growing interest and new demand. Apparently, few traditional globetrotters plan for, or even anticipate, the effects of a natural disaster so many were searching for last-minute alternatives to international air travel. Online visual collaboration platforms -- that enable just-in-time face-to-face meetings -- were a natural choice for the informed business travelers who, like most of us, only recently discovered that Iceland has an active volcano. According to the latest market study by Frost & Sullivan, renewed awareness of videoconference solutions will create further opportunities for TelePresence service providers . Telepresence Market Growth Predicted Frost & Sullivan estimates the global Telepresence market value was $396.2 million for 2009, and forecasts this market to reach $825.9 million in 2015. Their research assessment included both ready-built Telepresence room...

Managed Security Services Gaining Adoption

Enterprise leaders say that it's becoming difficult to find the highly qualified IT and network security talent they need that's affordable, and so they look to service providers for a solution. According to the latest market study by Forrester Research , demand has been growing. That said, Forrester believes that using a managed security services provider (MSSP) is more than just a lower-cost alternative to doing the same work in-house. MSSPs are not just managing devices, they also provide insightful analysis that can help with business decisions. CIOs and other business technology leaders used to resist out-tasking their IT and network security requirements. The talent scarcity issue has helped to change that mindset. Now, one in four out-task their email filtering, and another 12 percent are very interested in doing so in the next 12 months. Another 13 percent already out-task their vulnerability management and an additional 19 percent say they are very interested in doing ...

Guests Check-in to a TelePresence Suite

The American hospitality industry has suffered from the global economic meltdown. While room rates sank nearly 9 percent for the U.S. hotel industry overall, luxury hotels saw their rates decline more than 16 percent, according to a market study by PricewaterhouseCoopers. Was the "frugal consumer" phenomenon to blame? Actually, they're not the main culprit. Business people that chose to travel to meet their customers and suppliers are still not likely budgeted to stay at the pricier hotel properties. What's a savvy upscale hotelier to do, given this scenario? Follow a customer demand trend that has gained momentum -- where spending has risen, based on a solid ROI justification. Starwood Hotels & Resorts unveiled its first in-hotel Cisco TelePresence meeting suites with a virtual, interactive meeting spanning across two continents. The W Chicago City Center and Sheraton on the Park Sydney are the first in Starwood's global portfolio to introduce the new meeti...

The Secret of Business Growth in 2010

Having had their fill of the economic downside, business leaders are truly ready for the eventual upside. Apparently, U.S. companies are preparing for a global economic recovery to begin in the first half of 2010, according to a new "Road to Growth" market study from AT&T . Key study findings include the following insights: Business Agility and ROI Pressures In today's economic climate, U.S. companies have significantly shortened the time frame over which a Return on Investment (ROI) is delivered. More than half of U.S. IT executives stated they are under pressure to deliver a return on investment in half the time than their previous efforts. As a result, two-thirds cited that the change has affected their IT budgets, strategies and priorities. The study found that companies are less willing to invest in longer-term projects -- where the return does not come quickly. One CIO stated that IT projects must give at least a 100% ROI in 12 months -- otherwise, the project i...

How to Unlock the Power of Virtualization

Virtualization uses technology to remove the physical barriers associated with computer servers and applications -- enabling the consolidation or replacement of servers, storage, network and other physical devices. As a result, your business can better use computing capacity and drive more value from IT resources as well as consolidate data centers and significantly lower energy consumption. For companies who need guidance on a virtualization project, Verizon Business offers these five tips -- culled from the company's years of experience handling complex IT installations and expertise in implementing and managing virtual environments: Make sure you're looking at the big picture: A business should first complete a thorough assessment of its current IT environment and computing resources, including a full review of all servers. Once the enterprise has a better understanding of its infrastructure, it is easier to determine which computing resources, such as servers and...

Demand for Lean, Green Business Technology

According to a recent market study by Datamonitor, the current global economic recession may also prove to be a significant driver for Green Computing . Their market assessment raises lots of questions -- including, is it better for the world, and overall business profitability, if executives cut-back on their IT investments? "The global economic recession has spurred a paradigm shift in the way organizations evaluate, budget for and deploy green IT," says Rhonda Ascierto, senior analyst at Datamonitor . "The downturn has also resulted in green IT trends for datacenters, client devices and asset lifecycle management, as well as re-shaped return on investment (ROI) models." Datamonitor believes green IT that's intended to eliminate the need for capital expenditure -- such as datacenter virtualization, facility design and asset lifecycle management -- has become very important, especially as IT budgets are trimmed. Lean and Green in 2009 Their research uncovered t...

Global Multi-tenant Service Provider Clouds

Multinational companies typically have more complex computing and networking technical support requirements, because their business technology applications can span over numerous locations with very diverse operations. Business and IT leaders are currently exploring managed cloud service options, and they're comparing all new offerings from qualified service providers with international expertise. BT, the UK-based provider of communications services, revealed that it will be launching a Virtual Data Centre (VDC) service in the coming months, supporting the needs large business and public sector organizations. VDC provides a dynamic and virtualized infrastructure platform that enables their customers to consume IT and networking Infrastructure as a Service (IaaS) -- it essentially forms the base for future cloud services. BT says that VDC delivers the benefits of enterprise-class cloud computing to customers at a significant saving -- when compared with a standard hosted infrastruc...

Demand for Cloud Infrastructure as a Service

Some market studies continue to identify confusion regarding the true meaning of cloud-based services, and the apparent benefits derived by the early-adopters. One recent example comes from a survey of financial professionals in the UK. However, there is already growing demand from informed executive business and IT decision makers that are eager to move forward with various forms of cloud service deployments. In fact, Forrester Research has embarked on a new "Cloud and Virtualization Survey Data" series that offers key insights on where the market demand is developing, and they also debunk several stereotypes. According to Forrester's assessment, Infrastructure-as-a-service (IaaS) offerings, one of the three types of cloud services, is an area of cloud computing that currently receives the most market attention. It centers on two forms of capability: 1) pay-per-use hosting of virtual servers at an external cloud service provider, and 2) operating an internal cloud, whe...

Demand for IT Managed Cloud Services

Business technology has gone through several major changes over the decades. Each transformation brought new ways to perform work -- it also allowed some organizations to leapfrog over their less-agile competition. "Today's CEO concerns provide an advanced look at what will become CIO priorities in six to 18 months," said Jorge Lopez, vice president at Gartner, Inc . The focus for the IT agenda in the face of economic uncertainty and risk is flexibility, and renewed business agility. According to Gartner's assessment, CIOs need to ensure that their IT operations are ready for the ongoing challenges and shifts that are sure to emerge. Defined as the ability to achieve financial and strategic plans, effectiveness gives enterprises the flexibility to meet challenge with change. So, how will CIOs improve effectiveness to meet new economic and operational challenges? Business Imperative for Cloud-based Services IT leaders are increasingly being asked to move all...

Business Video Impact is Far Reaching

Many of the visitors to the AT&T booth at the VoiceCon 2009 are having their first experience of a TelePresence solution in action. Tina Vestal, customer care center manager at CHEP, perhaps sums it up best with her assessment -- "it's amazing!" Earlier this week, BAE Systems Land and Armaments, part of the third largest defense company in the world, agreed to enhance their global employee collaboration and productivity with the AT&T Telepresence Solution . BAE Systems will use Telepresence to provide an in-person meeting experience with executive leadership and engineering teams across the U.S., and the United Kingdom. This capability will also be expanded to Sweden, South Africa and other regions in the future. Their TelePresence applications are intended to be far reaching, across numerous parts of their organization. Live video-based meetings will help them accelerate decision-making processes and problem-solving for high-priority projects. More Productive M...

Transforming Healthcare with Creative IT Solutions

Healthcare is constantly in the spotlight as aging populations, technological advances and high-costs threaten the very fabric of the current system. Healthcare providers and insurers are under constant social, political and shareholder pressure to both improve quality of delivery and lower operational costs. To proactively evolve, forward-looking insurers and providers need to focus on: Access -- ensuring that patients are properly insured and the facilities are available to treat them; Affordability -- driving down costs across all parts of the system; Quality -- ensuring quality and successful treatment outcome; Sustainability -- focus on managing labor force resources and green issues. New Approaches to Technology Driven Transformation Despite being an industry heavily dependant on the use of the latest in medical technologies, healthcare has traditionally been slow to use information technology and services to improve their business processes. Healthcare has some of the most ...

Strategic Perspective Impacts IT Investment

While most business leaders globally are planning on keeping their IT budgets flat and there will be no growth in 2009, a recent market study by analyst firm Datamonitor reveals that in some countries, people are much more confident about their future outlook -- with planned IT budget increases exceeding the decreases. “It is clear there has been a noticeable decline in enterprise confidence. However, the findings are not as negative as might have been expected”, says Daniel Okubo, technology analyst with Datamonitor. “Despite the rise in the proportion of IT budgets which are remaining flat, there are still a sizable proportion of enterprises which are planning to increase IT expenditure. Technology vendors should be keenly aware that the economic conditions of a country directly impacts enterprise IT budgets.” Reacting to the Downside Datamonitor surveyed 520 IT decision makers towards the end of 2008 to gain a better understanding of how business and IT decision makers are reacting...

Next Generation Managed Services Enable Retailers to Innovate

Online competition and access to price information has been squeezing already thin retailer profit margins for some time now. Combined with the added pressures of the economic crisis, many retailers are being pushed to the edge. Sadly, familiar names, such as Circuit City, have already been pushed over the edge. To survive this crisis forward-looking retailers need to focus on: Efficiency -- making every part of the business as lean and efficient as possible, especially in the supply chain. Cost Removal -- driving out costs everywhere, especially in labor, their second biggest cost after the goods that they sell. Customer Experience -- seeking ways to differentiate an increasingly homogeneous shopping experience. Salvation in Managed Services Retailers have traditionally been very closed to the idea of managed services provided by third parties. Razor thin margins have made them very risk adverse. There is a general skepticism of service providers, large IT firms, and their unde...

Top Six Motivations for Managed Services

What's motivating you to think about managed network services? Is it cost? If so, you'll be surprised to hear that you're somewhat behind the times. A new report cites six top reasons companies turn to managed services, with cost ranking all the way down the list at number four. According to Warren H. Williams, Vice President and Senior Program Director of IntelliCom Analytics -- a market research firm focusing on managed services, outsourcing, and other technologies -- cost was a big factor several years ago. Today's list of motivations, however, looks like this: ● Improved overall network performance ● Increased network reliability ● Increased network availability ● Reduced operations cost ● Improved network quality of service ● Reduced business risk Cost Superseded by Convergence Cost is still important, certainly, but Williams' research over the last three years reveals a growing shift in priorities. "The corporate network has become a strategic resource; ...