Qikspace was started as a human-data interface research company and before developing the Qikspace product, it spent 10 years on; analyzing data issues, understanding contextual relevance, data aggregation & disaggregation techniques, the deployment of ML & AI solutions, and xD visualizations of data. The following are a few of the conclusions about how business processes are evolving and what companies can do to keep up:
1. Adapt to Industry Shifts: Utilize research to see how your competitors will be able to change their business models and how up-and-coming fringe competitors can disrupt how your individual business operates or disrupt an entire industry segment (2nd & 3rd horizon risks). Take time to review how others are deploying Integrated Solutions to upgrade their position in the space.
2. Leverage Technology: Technology is individualizing all aspects of our personal and business lives. Technology not only has an impact on your specific business operations but also on how customers resonate with the your business and how employees manage their work and find satisfaction in their work. To leverage technology efficiently it must reduce the friction involved in the interaction of current platforms and add value beyond the previous limited methods. To prepare an organization to take advantage of the latest tech offerings it must understand its core competencies, evaluate its current and historical data and decide how to integrate a new solution set into your current business structure. Integration is always the rough patch, people will talk about cleaning up the data, but the most important data is the 80% which is overlooked/discounted and will need to be contextualized, disagregated and structured before it can become useful.
3. Make Use of All Data: This is the information age. The volume of globally competitive information is ever-increasing, the velocity of
information is increasing, the disparity of information is increasing, while employee tenure is decreasing. It is no longer adequate to manually track and analyze the information bombarding the company and its employees, an AI empowered vetting approach is critical. Providing access to relevant information to your individual employees and teams in order to be as innovative and progressive as possible they need better information and competitive assessment tools.
4. Accurate Forecasting: How far out are your forecasts accurate? Are you even doing comprehensive forecasts? Understand today’s tools are often very limited and need sector-specific knowledge to visually project any anomalies and detect outlier data that might be distorting the market intelligence.
5. Tighter Business and Project Controls: Integration of human effort and technological augmentation allow boundless leaps in the transparency of control and ability to monitor operations. Don’t forget that having the latest information iteration is not always the important part, sometimes you need to see the origin and versioning that took place. Knowing the version history of data and interactions enables faster, precise error detection and correction.
6. Provide an AI Deployment Platform: Guide users in their AI deployment choices with the AI Staircase framework. Enable safe, bounded and contextualized AI training along with secure and controlled deployments.
7. Increase Productivity & Operating Efficiency: All the previous steps are fruitless unless you increase the operating efficiency, increase productivity, increase your market share, and increase profitability.
David A. Smith
Founder & CEO
