by Vivek Sood

August 2, 2016

The digital revolution (aka tech revolution) has changed the way we live, work and play. The boom of software and IT solutions have caused disruption and realignment for businesses. When business intelligence is implemented and used effectively there is a real pay-off. There are still a lot more developments in technology to come and businesses that have their finger on the pulse have a huge vantage point. For business transformation, the key question will be how IT can facilitate the process without everyone feeling enslaved by technology. For more information on the answer to this critical question please refer to my newest book Unchain Your Corporation.


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Vivek Sood

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  • Business intelligence (BI) is a technology-driven process for analyzing data and presenting actionable information to help executives, managers, and other corporate end users make informed business decisions.

    Business intelligence is sometimes used interchangeably with business analytics; in other cases, business analytics is used either more narrowly to refer to advanced data analytics or more broadly to include both BI and advanced analytics.

    Although Mr. Sood your statement is also appreciable about business intelligence when business intelligence is implemented and used effectively there is a real pay-off.

  • Digital revolution is acceptable in business but it reduces the man workforce which caused rising unemployment. It has benefits as well as drawbacks. Now we are totally dependent on the digital world for any cost.

  • Digital disruption in commerce means a radical break from the existing processes in an industry. In the digital age, disruption usually comes from new internet-enabled business models that are shaking up established industry structures. The risks of digital disruptions are real and dramatic. Businesses are being forced to adopt these new operating practices, or face going out of business.

  • All disruption, digital or otherwise, takes place on an industry-wide scale, forcing a significant shift in profitability from one prevailing business model to another. More and more major businesses and industries are now run on software and delivered as online services, drawing inspiration from Silicon Valley-style entrepreneurial technology companies that are rapidly disrupting established industry structures.

  • The current wave of disruption is different. Today’s digital technologies involve unprecedented breadth and scale, comparable to the introduction of commercial electric power in the early 20th century. Digital disruption is a change in industry value triggered by advances in information and communications technology. During the next few years, the technologies associated with this wave, including artificial intelligence, cloud computing, online interface design, the Internet of Things and data analytics will advance and amplify one another’s impact.

  • Business has changed dramatically because of digital innovation, but only up to a point. Although many practices, products, and services have evolved, and a few sectors such as media have been fundamentally changed, very few enterprises have had their core businesses disrupted. But that is about to change, in a way that will or should affect the strategy of your company.

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