06Jun

Before the coronavirus crisis, digital priorities were so much at the top of organizational priorities that “digital transformation” had achieved the status of business buzzword.

IT departments were busy with initiatives to, as Salesforce once explained, “create new — or modify existing — business processes, culture, and customer experiences to meet changing business and market requirements.”

Despite the high visibility businesses gave to digital transformation, the process was slow. CIO.com says, “Most organizations aren’t the digital entities they seek to be.”

“Experts say organizations and their teams need to think of transformation not as a program or project with a start or end date, but rather a new way of operating,” says CIO.com in an article the website for tech leaders entitled “Does digital transformation ever end?

Jeff Thomas, CTO and acting co-CIO of Sentara Healthcare, offers an answer, “I don’t think the journey ends.”

His view is reflected in the findings of multiple surveys all echoing similar results: Corporate leaders declare themselves fully invested in digital transformation, but struggle to achieve the success they are looking for.

PwC provided an explanation of why. In 2020 Global Digital IQ, PwC said that of the 2,380 executives it surveyed around the world it “discovered a group of companies that consistently generate payback and get significant value on their digital investments in every area we assess — from growth and profits to innovation, customer experience, people and more.”

Those companies – 5% of the companies surveyed – succeed because, PwC says, “Transformation never ends… Their cultural DNA empowers them to navigate change and be prepared for anything.”

“Digital is their corporate strategy, not a line item or ‘special effort’.”

Commenting on the report, PwC Global Chief Experience Officer David Clarke tells CIO.com writer Mary K. Pratt, “We look at companies doing well and find that they’re committed to constant change… Digital transformation is more of a DNA thing, it’s more of how you operate, it’s the idea that you’ll never be finished, because you never know what the next great idea or technology will be.”

While the entire C-suite needs to be committed to digital transformation, “the CIO is the person best suited to take that on,” maintains Arthur M. Langer, academic director of the Executive MS in Tech Management program at Columbia University.

“Successful CIOs are not only focused on the technology but also on the strategy and how to work with the business units to assimilate new ways in which people will work, how they use technologies, how to predict obsolescence of products and how to advise boards.”

As companies slowly reopen their doors and initiatives put on hold during the pandemic are revisited, successful digital transformation will come not from successive major projects, but from small steps.

“Change fatigue is very real,” Trent Mayberry, chief digital officer at UST Global tells CIO.com. “The idea that I’m going to do Program A and then B and then C and I’m never going to stop that change, then that’s exhausting.”

Instead, “Build an organization that can change incrementally every day, where every day you’re getting better. That’s how business should work, where transformation is constant minor degrees of change.”

Photo by NeONBRAND on Unsplash

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Anthropic Unveils Claude 3: Redefining AI Chatbots with Enhanced Capabilities

Anthropic, the AI startup backed by Google and with substantial venture capital, has just introduced the latest iteration of its GenAI technology: Claude 3. This announcement marks a significant advancement in AI capabilities, positioning Claude 3 as a formidable competitor even against OpenAI’s GPT-4.

Advanced Capabilities

According TechCrunch, “Claude 3, as Anthropic’s new GenAI is called, is a family of models — Claude 3 Haiku, Claude 3 Sonnet, and Claude 3 Opus, Opus being the most powerful. All show “increased capabilities” in analysis and forecasting, Anthropic claims, as well as enhanced performance on specific benchmarks versus models like ChatGPT and GPT-4 (but not GPT-4 Turbo) and Google’s Gemini 1.0 Ultra (but not Gemini 1.5 Pro).”

Multimodal Functionality

One notable feature of Claude 3 is its multimodal functionality, enabling it to analyze both text and images. This capability, like some iterations of GPT-4 and Gemini, allows Claude 3 to process various visual data such as, “…photos, charts, graphs and technical diagrams, drawing from PDFs, slideshows and other document types.” TechCrunch went further to note, “In a step one better than some GenAI rivals, Claude 3 can analyze multiple images in a single request (up to a maximum of 20). This allows it to compare and contrast images, notes Anthropic.” However, Anthropic has imposed limits on image processing to address ethical concerns, “Anthropic has disabled the models from identifying people…”

Claude 3’s Limitations

While Claude 3 showcases remarkable advancements, it’s not without limitations. TechCrunch reported that, “…the company admits that Claude 3 is prone to making mistakes with “low-quality” images (under 200 pixels) and struggles with tasks involving spatial reasoning (e.g. reading an analog clock face) and object counting (Claude 3 can’t give exact counts of objects in images).” Anthropic promises frequent updates to Claude 3, aiming to enhance its capabilities and address existing limitations. These updates will include improvements in following multi-step instructions, structured output generation, and multilingual support, making Claude 3 more responsive and adaptable to user needs.

As Anthropic continues to innovate and expand their offerings, the company remains dedicated to fostering a transparent and responsible approach to AI development. With substantial backing and a clear roadmap for future enhancements, Anthropic is poised to share the future of AI-driven solutions and pave the way for transformative advancements in various domains.

If you’re looking to take your career to the next level be sure to check out our IT page.

Businesses Are Seeing The Value of Blockchain Sample

Now organizations in sectors well beyond the pioneers in finance are investing in blockchain to protect data, decentralize processes and facilitate asset and data transfer.

“It’s an appealing model for many sectors, promising transparency and trust as it helps make value exchange possible,” says a SmartBrief article. Although focusing mostly on the financial sector, which is where blockchain found its earliest uses, the article mentions the steady creep of the technology into other industries and even slowly becoming commoditized as “blockchain as a service.”

“Amazon and Microsoft both currently offer BaaS, and enterprises as well as startups are taking advantage of it,” says SmartBrief. Citing a Gartner survey of CIOs, the article notes that “60% expected their firms to start or continue adopting blockchain-based technology between now and 2023.”

Earlier this year, Deloitte issued a blockchain trends report. Besides describing the evolving technology and the features each different approach offers, Deloitte found that some of the fastest growth in blockchain investments was coming in such unexpected industries as professional services – a sector that includes the staffing and employment industry – and energy and resources. In each of those 38% and 43% respectively of the firms surveyed were spending at least $5 million each on blockchain initiatives.

Not unexpectedly, the largest percentage of businesses investing in blockchain were in technology, media and telecom.

“More organizations in more sectors — such as technology, media, telecommunications, life sciences, health care, and government — are expanding and diversifying their blockchain initiatives,” Deloitte observes.

Like the financial sector, life sciences and health care deal with highly sensitive medical data they must protect or face legal consequences. Those two sectors are where blockchain “can have a more immediate and meaningful impact,” says Deloitte. They are in an industry, the report explains, “In which data transparency, speed of access, immutability, traceability, and trustworthiness can provide the information necessary for life-altering decisions.”

Interestingly, Gartner assigns a similar importance – not life or death, but still vital – to blockchain’s value to media.

“Organizations and governments are now turning to technology to help counter fake news, for example, by using blockchain technology to authenticate news photographs and video, as the technology creates an immutable and shared record of content that ideally is viewable to consumers,” Gartner said.

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