Category: General

General Digital transformation: 5 real-world examples

Digital transformation: 5 real-world examples

Image source: Pixabay    We can all agree that digital transformation (DX) is not easy. Most enterprises were not conceptualized as part of the digital world and are struggling with fragmented systems and complex operations. But to operate in today’s digital-first environment, enterprises are, more than ever, engaged in some form of digital transformation. If your organization …

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General Artificial intelligence: 3 trends to watch in 2023

Artificial intelligence: 3 trends to watch in 2023

Image source: Pixabay   The artificial intelligence (AI) market has been on a swift growth path for several years – so much so that the industry is expected to reach $42.4 billion in 2023. This momentum will continue, and we’re starting to realize it with the debut of powerful new AI-powered tools and services across industries. There …

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General 4 ways remote work has improved company culture

4 ways remote work has improved company culture

Image source: Pixabay   Few companies were prepared for the magnitude of change brought about by the pandemic, from employees forced to work from home and new technologies urgently needed to enable this to organizations struggling to adapt to doing business online. But one thing’s for sure – the shift has shown us that there …

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Digital Management 13 tech predictions for 2023

13 tech predictions for 2023

Image source: Pixabay   We asked our community of IT leaders what they see on the horizon for 2023; Edge, digital transformation, Metaverse, the IT skills gap, and more were of note. What opportunities are you most excited about as technology reshapes our businesses and lives? Whatever your focus is, the year ahead holds a …

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Digital Management Responsible AI by design: Building a framework of trust

Responsible AI by design: Building a framework of trust

Image source: Pixabay   The opportunities and the market for artificial intelligence are growing rapidly, and organizations are increasingly relying on it to improve productivity and profitability. However, AI deployment is not without risks – including customer privacy, bias, and security concerns. As AI becomes more embedded in decision-making, the potential to amplify both the …

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Entrepreneurship 6 non-negotiable skills for CIOs in 2023

6 non-negotiable skills for CIOs in 2023

It’s no secret that the CIO role has changed a lot over the years. It’s evolved from focusing on infrastructure, the help desk, and operational efficiency, and today is firmly rooted in technology, strategy, growth, and revenue. More of the C-suite and boards are looking at IT as a value creator rather than just as …

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Digital Management Digital transformation in 2023 and beyond: Trends to watch

Digital transformation in 2023 and beyond: Trends to watch

Image source: Pixabay   What are the key digital transformation trends to look for in the coming year? Winners of the 2022 Bay Area CIO of the Year ORBIE Awards share their views. “Many anticipate macroeconomic conditions will be challenging in 2023, given concerns around inflation, supply chain issues, geo-political tensions, economic uncertainty, etc.,” says …

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Digital Management Artificial intelligence: 3 tips to ensure responsible and ethical use

Artificial intelligence: 3 tips to ensure responsible and ethical use

Image source: Pixabay   Artificial intelligence (AI) already impacts our daily lives in ways we never imagined just a few years ago – and in ways that we’re unaware of now. From self-driving cars to voice-assisted devices to predictive text messaging, AI has become a necessary and unavoidable part of our society, including in the …

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Digital Management 10 capabilities to accelerate digital transformation

10 capabilities to accelerate digital transformation

Image source: Pixabay Legacy companies begin digital transformations to meet two main goals: improve customer experience and increase operational efficiency. Companies that accomplish this transformation are “future-ready,” according to researchers at the MIT Center for Information Systems Research. Future-ready companies outperform companies that lag in digital transformation, with transformed companies showing average revenue growth of 17.3 …

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E-Commerce Virtually walk through Dusseldorf for shopping with MYUNA

Virtually walk through Dusseldorf for shopping with MYUNA

Image source: MYUNA MYUNA is a Düsseldorf-based startup founded by two students Antonia Fiorentina Terriuolo and Lea- Sophie Faß combines the desire for sustainable and regional shopping with an innovative digital experience to create an online version of Düsseldorf. While still in college, the idea to create a regional platform for local retail was born and put into …

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General AI ethics: 5 key pillars

AI ethics: 5 key pillars

Image source: Pixabay Artificial intelligence and machine learning (AI/ML), often imagined as self-driving cars or human-like robots, is flourishing at the enterprise level as practical business use cases increase. Many companies rely on AI/ML to expedite internal processes, automate mundane tasks, and reduce human error. But some businesses fail to consider that AI ethics are essential …

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General 10 years STARTPLATZ anniversary

10 years STARTPLATZ anniversary

It is now 10 years that we at STARTPLATZ have been successfully promoting startups as an accelerator and incubator, giving them room to grow in our coworking spaces and using our premises in the beautiful Mediapark in Cologne for a wide variety of events. To celebrate this properly, we have designed an exciting social program …

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General What it means to be a ‘future-ready’ firm

What it means to be a ‘future-ready’ firm

Image source: Pixabay Digital business transformation is not easy or inexpensive, but the benefits are significant. Scientists from the MIT Center for Information Systems Research found companies that have executed a digital transformation have significantly higher financial performance — with average revenue growth of 17.3 percentage points and net margins of 14.0 percentage points above industry averages. …

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General German companies rely on certain forms of AI

German companies rely on certain forms of AI

Image Source: Pixabay Rule-based systems, process robotics, and machine learning – artificial intelligence (AI) take on many different faces in use. Not all of them are used equally in Germany, according to a Deloitte study. Which AI technologies are companies currently using? What implementation strategies are they pursuing? And where do you see the biggest …

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General Industry 4.0 – now the machines take over

Industry 4.0 – now the machines take over

Algorithms, data and models are not an end in themselves, because they should ultimately result in increased efficiency in our own production or new products or business models. However, we caution against rushing to develop new ML-based products without increasing OEE to at least 90 per cent in-house. The short excerpt presents three applications. Image source: …

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General The next frontier in consumer goods: Digitally enabled innovation

The next frontier in consumer goods: Digitally enabled innovation

Image source: Pixabay Four lessons to guide the industry’s innovation transformations: With digitally enabled innovation, our work has shown that consumer packaged goods (CPG) companies can bring new products to market 50 per cent faster, at a third lower cost, and with double the return on investment. While the industry has embraced new technologies in …

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General 5 pillars of modern digital transformation

5 pillars of modern digital transformation

Image source: Pixabay Companies today need to continuously reimagine themselves to stay relevant. In a hyper-competitive, fast-moving business landscape, we cannot rest on our laurels or put off digital transformation projects for a better time. This mindset is critical to surviving at a time when digital transformation is flipping traditional business models to better enable …

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General The (hidden) potential of online marketplaces

The (hidden) potential of online marketplaces

Although online shops remain an important building block in e-commerce strategies, they are increasingly overshadowed by marketplaces in terms of sales. The consequences of the pandemic are reinforcing the trend, as more companies are now showing a presence there, thus increasing the attractive range for customers. With the help of industry representatives and exhibitors such as …

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General Generation Z&Y: Opportunities for local traders

Generation Z&Y: Opportunities for local traders

Despite the trend towards online and social media shopping, vital city centers are still popular with young customers when it comes to shopping. This is what a research project by Das Telefonbuch and the University of Koblenz found out. How can local trading companies optimally exploit their potential with Generation Y and Z? Image source: …

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General Make Instagram Instagram again

Make Instagram Instagram again

The use of social networks is declining slightly. Has the pandemic changed our use of social media? Image source: Pexels  Social media suffers from fatigue. During the pandemic, the usage went up significantly. Now, in the perceived “post-pandemic”, the social media focus has worn off a bit. However, not every player is on an equal …

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