Today’s modern applications use multiple purpose-built database engines, including relational, key-value, document, and in-memory databases. This purpose-built approach improves the way applications use data by providing better performance and reducing cost.
Image courtesy of Gary Waters/theispot.com The Research The authors conducted two studies involving nearly 500 global executives, along with informal interviews with other managers. In the first study, done just before the COVID-19 pandemic began, most respondents struggled to connect with teammates at work, and feelings of loneliness correlated with aspects of how modern teams are designed.
2020 has seen double-digit digital commerce growth. Stay-at-home orders have accelerated online shopping across sectors. In fact, Gartner’s Consumer Pandemic Attitudes and Behaviors Survey found nearly half of consumers have increased their frequency of online shopping in 2020.
If you were to ask any major CEO about good management practices today, data-driven decision-making would invariably come up. Companies have more data than ever, but many executives say their data analytics initiatives do not provide actionable insights and produce disappointing results overall. 1 In practice, making decisions with data often comes down to finding a purpose for the data at hand.
For companies that struggle with data transformations, underthinking organizational change is often a bigger problem than technology issues. A company can have powerful tools and meaningful data at its disposal, but without the proper education and processes to put that data in the hands of the right people and provide business context, extracting value can prove difficult.
One of the most instrumental parts of any business is building strong and long-lasting relationships with customers. However, with the business world changing rapidly, this can be quite a challenge. In order to overcome this challenge and work on bridging the gap between producers and consumers, many businesses turn to what is called, Design Thinking. “Design Thinking is a human-centered approach that focuses on understanding the customer before developing the product.” – Tim Brown .
