Tag: data analytics

Equipping and re-equipping professionals with the insights they need to stay relevant in their professions is no simple task. The rapid speed at which technology is advancing can be terrifying for many people, as just as they have become used to a certain way of doing things, they need to be retrained.

Today’s digital technologies create vast quantities of data, which is where opportunities for improvement lie. However, much of it goes unused. In fact, the average plant uses only 20% of the data it generates.

Technology is moving so quickly that many business owners might feel overwhelmed with all the sudden hype around artificial intelligence (AI), ChatGPT and other trends. We’re still coming to terms with what this technology means and how we can use AI in any meaningful way.

As the healthcare industry continues to evolve, the role of data to drive efficiencies and improve patient outcomes has become the core of our industry. To me, we aspire to be like the ridesharing app Uber, enabling access to the best doctors and treatments at the best prices, all while facilitating the optimal healthcare ‘route’ for our members based on their individual lives and economic circumstances.

In the second part of this two-part series, I outline the skills that will be required by present-day HR professionals – for now and into the future. The future of work will place an extraordinary demand on HR professionals to lead their organisations strategically through this disruptive period.

In this two-part series, I outline the skills that will be required by present-day HR Professionals – for now and into the future. Due to the increasing automated and digitised world in which HR professionals need to serve their stakeholders, as well as the added intricacy of a VUCA environment, all HR professionals will need to upskill and reskill themselves to meet the challenges of this Future World of Work. 

The total amount of data created and consumed globally is projected to grow to more than 180 zettabytes by 2025, almost three times the 64 zettabytes of 2020. This makes data the cornerstone of any successful business in a digitally-transformed world. Several trends will help guide organisations on their path to becoming more data-driven.

Every organisation and industry is transforming. All are striving to move faster, become smarter with data and innovate more with technology. You’ve heard it everywhere, especially during the last few years: digital transformation is a must-have.

Digitalisation within the retail space often goes hand-in-hand with disintermediation. While removing the middleman can be beneficial, in the case of the South African main market, it can lead to damaged relationships and a lack of trust between spaza owners and wholesalers.

Small and medium-sized enterprises (SMEs) have always been compelled to find and leverage every opportunity to remain competitive and stay ahead of the curve. Amidst all of the disruption of the past two years, this need has become a business imperative.