Tag: Peter Bendor-Samuel

Regulatory Changes Drive Digital Disruption | Sherpas in Blue Shirts

Companies in some highly regulated industries often view digital transformation and digital restructuring as being constrained by laws and regulations that don’t evolve fast enough to allow digital transformation to happen. But there’s another side to the regulatory coin: sometimes regulatory changes enable and drive disruption and business transformation. That’s about to happen in a few months with APIs and financial institutions.

A payment service directive will go active in the UK in January 2018. The directive will force all banks to expose their core systems to APIs for three functions:

  • Accessing customer account details
  • Accessing a customer’s payment history
  • Allowing payments to a consumer

Read more at my Forbes.com blog

The United Nations Looks at Security Of Artificial Intelligence | Sherpas in Blue Shirts

I recently had the privilege of attending at the United Nations an invited gathering of individuals active in the Artificial Intelligence (AI) space. The meeting was hosted by UNOPS with a view to consider how AI can be better deployed to support the UN mission. The attendees included leaders in AI and its related fields with the AI leaders for companies such as Facebook, Google, IBM Watson, Intel and IPSoft, along with government entities and distinguished academics and journalists.

At the dinner, a great number of topics were discussed with the United Nations representatives challenging the community to use its collective resources to support the UN’s mission of cleaning up the oceans, feeding the hungry and delivering medicine to the underserved. As the discussion progressed, security emerged as an important topic and that AI has the potential to both make a vital contribution and to be co-opted and weaponized as an agent of attack.

Read more at Peter’s Forbes blog

How Blockchain Technology Applies to Your Company | Sherpas in Blue Shirts

Blockchain technology is a red-hot topic in the news these days and in many C-suite discussions. It has wide applicability to many industries and most companies. Like any emerging technology, companies that aren’t first movers tend to look for proven use cases and often wait for the technology to mature. But that may not be your best strategy with blockchain. Adoption has accelerated, and new use cases occur almost daily showing blockchain’s potential for revolutionizing a business as well as creating new markets. I believe every organization needs to consider how it might apply to their business. Let’s look at what the technology is and several examples of how your company could benefit from it.

What is blockchain?

Blockchain is a decentralized digital distributed ledger shared by a peer-to-peer network of computers. It’s a mechanism that brings efficiencies, transparency, security, auditability and trust into shared business processes at a very broad level. The business process could be internal to an organization, or it could be among different external parties. The transactions are verified and recorded in the ledger almost instantly.

Read more at Peters CIO.com blog

The Disruption and Promise of Artificial Intelligence | Sherpas in Blue Shirts

There’s no shortage of books, news articles and comments in social media about how artificial intelligence (A.I.) is shaping our future. Although it’s still blazing a trail, we’re on the brink of A.I. disruption that will change all industries and society at a very deep and fundamental level. I believe it will be one of the next great wealth generators.

My optimism about A.I.’s growing potential arises from many successful use case examples as clear evidence that A.I. is now getting the scale, maturity and the ecosystem in which it can be effective. Although A.I. has been developing for 20 to 30 years, it’s gaining enough elements necessary for a supporting ecosystem.

Read more at Peter’s CIO.com blog.

Remedy for Threat to US Pharmaceutical Industry’s Profitability | Sherpas in Blue Shirts

US pharmaceutical companies may be counting their lucky stars now that healthcare reform is a dead issue for the time being. But they shouldn’t. They are still very vulnerable to increasing political pressure from the Trump Administration. The good news is there are actions these companies can take in the face of this pressure, and these actions are equally applicable by companies in other industries.

Pharma’s Vulnerability

The pharmaceutical industry is an attractive target for the new Administration to attack. The Administration may not be able to get all its legislation passed, but it still has substantial ability to affect public opinion and utilize substantial power over many industries, healthcare being primary at this time. Pharmaceutical companies are a case in point. Here’s why:

Read more at Peter’s Forbes.com blog

How a CIO Shifted IT’s Role to Enable Growth through Digital Innovation | Sherpas in Blue Shirts

Imagine you’re the new CIO at a global vehicle manufacturing company (with industry-leading products) that now faces stiff competition from new players in its market. The CEO brought you in to lead the company transformation to enable dramatic growth quickly. The management committee had already developed a vision of its future state and developed broad, ambitious goals including doubling top-line revenues by 2020 while reducing working-capital requirements.

But the true level of commitment to the vision was not certain, and there was no clarity on what it would take to achieve the goals. The only known factors were (a) growth opportunities would be in digital innovation, especially in the Internet of Things (IoT) and (b) the IT group would need to change from being “order takers” and missing service-level targets to becoming a business enabler and driving the pace of change. How would you go about leading this challenging transformation?

Read more at Peter’s CIO.com blog

Zensar Technologies: On the Digital Highway | In the News

In the new scheme of things, Zensar’s mid-size could be an advantage. “It’s lack of success in the previous era of services has given Zensar a leg-up as it has a much smaller and more manageable organisation to transform,” says Peter Bendor-Samuel, founder and CEO of Everest Group, a US-based management consulting and research firm.

Read more at Forbes India.

Investors Expect Infosys to Unveil Capital Allocation Strategy | In the News

Peter Bendor-Samuel, CEO of US-based Everest Research, said Infosys is under pressure to conduct a significant share buyback due to slowing growth. However, even a significant share buyback would probably only drive modest EPS (earnings per share) accretion, he said.

“What a big share buyback will do is limit the investment available to drive the already flagging rotation to digital strategy. All of Infosys’ future organic growth is dependent on them succeeding in this rotation and head winds due to lack of ability to invest or acquire digital firms will raise concerns with the long term shareholders about Infosys ability to lead in the new digital area,” he said.

Read more at the Times of India

How To Accelerate Value Creation Through Artificial Intelligence | Sherpas in Blue Shirts

Major advances in Artificial Intelligence (AI) technology are happening rapidly, and many organizations are excited about the possibilities AI presents. However, some successful companies fail in their innovation efforts to create new value by leveraging disruptive technologies. Others haven’t yet embarked on this innovation journey because they lack use cases. My advice: First define the strategy you’ll use to create value through AI. And Facebook is good role model when it comes to AI strategy.

Your strategy for value creation needs to include how to maximize and expedite the development process. This is the foundational core of Facebook’s strategy. I recently attended a dinner focused on AI at the United Nations. Hosted by UNOPS, attendees included distinguished academics, software companies, government entities and AI leaders in companies successfully using AI.

Read more at Peter’s Forbes blog

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