Companies today increasingly recognize Digital Technology and IT infrastructure as a strategic asset that provides companies with the ability to effectively compete in its’ marketplace – an observation underscored by the Nash KPMG 2017 CIO Survey finding that CIOs sit on 62% of executive boards as opposed to 38% in 2005. While their relative importance varies slightly from year to year, the C-Suite charter for Digital Technology consistently features the following items: Continue reading Digital Technology as a Strategic Asset
- Taking cost out the business,
- Greater agility to meet changing market conditions
- Improving and sustaining a close Business-IT alignment.
Most organizations do Leadership Succession Planning at some level of effectiveness. Very little has been written about the need for incorporating technology succession planning and while technology leadership is part of the standard succession planning model, little is done about succession planning and skills development for subject matter experts, their supporting teams and successive upgrades and new technologies. Teams Continue reading The Need for Technology Succession Planning
Blockchain and IoT technologies provide an opportunity to significantly reduce upstream and downstream costs in the Oil and Gas Industry. The World Economic Forum estimates that the digitization of the Oil and Gas industry could unlock $1.6T of value globally and realize $140B in productivity. While Blockchain and IoT won’t be Continue reading Blockchain – IoT Strategies and Use Cases – Oil and Gas Industry
Group50® Consulting announces Scioebc™ the first Blockchain product powered by THINaër, the end-to-end platform for the Internet of Things
By Jim Gitney
April 17, 2018
Los Angeles, CA – Group50 announced today the launch of Scioebc™, a next generation supply chain product that utilizes the blockchain and is powered by THINaër, an IoT platform building The Internet of People, Places and ThingsSM. Continue reading Group50® Consulting announces Scioebc™ the first Blockchain product powered by THINaër, the end-to-end platform for the Internet of Things
The Data Center Role in Cost Reduction, Agility, and Business Alignment – DC and Cloud Strategy Part II
We consistently hear from middle market CIO’s that the three items at the top of their strategic charter are:
Where and how your IT infrastructure is housed significantly impacts Continue reading The Data Center Role in Cost Reduction, Agility, and Business Alignment – DC and Cloud Strategy Part II
In an earlier blog we saw that a well-crafted IT transformation strategy (a.k.a. cost takeout strategy) is so much more than a once and done cost reduction exercise. A cost takeout strategy orchestrates Continue reading IT Transformation For A Leaner, More Nimble Business
Cost Takeout has been heard at one time or another in every C-Suite and boardroom. The primary objective of every leadership team is to take out cost. We live in a world where everything can be done at lower cost. With that in mind, how does a leadership team develop a cost takeout strategy? The first thing is to make sure everyone is clear on what a cost takeout strategy really is. Let’s start with what it isn’t.
It is not: Continue reading Cost Takeout as a Strategy
Everyone has been through “Cost Savings Programs” and “Cost Reduction Programs”, but what is the Organizational impact of a true Cost Takeout process?
Key descriptors for cost reduction programs include total Continue reading Change Management in a Cost Takeout Environment
“With the addition of its Digital Technology Practice, Group 50 is fast becoming the only Consulting Partner needed by middle market companies” Continue reading Digital and Information Technology Practice News Announcement
Middle market leadership teams are faced with the challenge to maintain their competitiveness in the marketplace and keep up with the fast-paced changes in technology. They are on the threshold of a new world of operational efficiency, productivity and customer engagement through the Industrial Internet of Things. When speaking with senior leaders of middle market companies, we routinely hear the following questions: Continue reading Middle Market Growing Pains