Things were going along nicely until COVID 19 hit, and it was “game on” for rapid decision making. Executives were slammed from operational optimization with known decision/static models while transforming incrementally to digital towards a world of large amounts of decisions made in short time frames. The vast majority of organizations had not planned for this kind of scenario, thus not practiced to handling it. The acceleration to some form of digital and remote workers was instant. Our executives were bombarded with one critical decision opportunity after another, and many were up to the task thankfully. Is the question "Is this a one-off situation"? I would argue that maybe not the exact same scenario, but the beginning of many emergent situations at various corporate performance levels. How does the Database of Now help
Integrated Data to
Support the Lateral Thinking in Decision Making
Traditionally decisions have been generated by new
management goals and finding "aha" discoveries in data? While this
approach will continue, forced innovation will be a necessity driven by these
large-scale and emergent scenarios, such as changing markets, customer demands,
extreme competition, and the desire for better outcomes. This shift will
require more data and new complexities to continue to monitor, decide, and take
appropriate actions. Intercepting the changing future will also drive towards
adapting to and integrating new data resources, many of which will be cloud
resident. The Database of Now
supports dynamic and easy integration of new/emergent data sources.
Fast Data for
Analytic Assistance, Guided, and Flexible Implementations
Decision-makers will demand assistance in making informed decisions
fast and understanding the ultimate impact of their actions in planning and
execution modes. The first demand will be for fast data supportive before the
actual decision occurs. Lack of speed kills but so does speed without
anticipating potential outcomes. Analytics will greatly assist decision-makers
in understanding the possible consequences of their impending decisions. Once
the decisions are made, the emergent effect will need to be tracked, monitored,
and measured during rollout. Once implemented, fast feedback loops will help
guide adjustments for better performance while sensing emergent patterns for
potential new decisions. The Database of
Now is designed for speed.
Smart Data that
Leverages Machine Learning and Other Forms of AI
Today, most decision-makers are highly involved with the
decision-making process unless they can be easily automated, usually using
decision models. Typically these decisions are operational and static in
nature, but there is a strong trend towards flexible change and emergent
business outcomes are driven by new responses to integrated response scenarios.
Either way, forms of AI can speed the decision-making process, starting with
machine learning that watches conditions and outcomes. Deep learning can
sharpen the focus for even better results. This kind of leverage is often
described as smart data commonly used in supervised learning situations. With
the advent of emergent and complex conditions driven by expected or unexpected
events and emerging patterns, AI will take a more judgmental role in an
unsupervised fashion. The Database of
Now is ideal for having the most up to data and contextually sensitive data
sources necessary for high intelligence.
Net: Net:
The future will require rapid decision making that needs speedy
data that traverses many data types, monster data volumes, and growing complexity.
There will be quiet periods of
optimization that will also benefit from the Database of Now, but get ready for waves of emergent situations
potentially never seen before by the modern decision-makers. It may turn
decision making on its head changing from only modeling operational decisions
into crisp responses also to include emergent decisions dependent on complex,
fast, and shifting data sources. Will you be ready for fast and effective
decisions for customer needs and operational effectiveness?
- Customer experience demands responsive and instantaneous data.
- Business operations insights enable instant adaptations for changing market needs.
Additional Reading:
IncreasingCorporate Performance with the Database of Now
Context: TheConnecting Clues for Data
DeliveringSuccess with Smart Data Streams
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