Council Post: The New Business Weapon: Time

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How is it possible for a business to perform cost-effectively with such accuracy within a window of time never before achievable?

Here's how I see successful leaders, at any size company, beginning the journey to real-time outcomes:For a business pursuing real-time capabilities, it is axiomatic that the solutions must be delivered faster than ever. According to Bain & Company, the top two critical engineering and R&D priorities cited by executives are shortening the time to market and incorporating novel technologies such as machine learning and artificial intelligence.

Start with those, build your confidence that this works for you and then look for new opportunities. Remember when Amazon found other books we might like based on what we read before? That was its start.Your team will see what is possible when you start to successfully deliver real-time capabilities. However, changing long-standing ways of working is probably as hard as adding new technologies.

The challenge with merging the two sources is largely technical, and companies may struggle to get one to work well with the other. Legacy databases and new stream processing capabilities were not built together and can be unaware of each other, which means you'll miss insights.

 

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