Once upon a time, technology was considered an “Overhead”. But gone are the yester years eras when Entrepreneurs needed predictive modeling in the real time scenario analysis and today business is highly data driven.
Today, Entrepreneurs need predictive modeling and real time scenario analysis and some of the questions to think and act upon are: How fast can you process data to produce insights? How do you leverage the social media data for decision making? What are the right parameters from your data that need s to be fetched and analyzed? Do you have the talent, infrastructure and investments aligned to support those needs? The answer to all these questions is one, Wise Men Consultants Inc. Every business has an ERP, business intelligence, reporting, social media, etc and for every device, every online transaction or event produces even more data. It is with this belief of growth in the upcoming decades, or “Time to insight” that Wise Men aims to emerge as a differentiator for companies.
In the automation era, entrepreneurs have relied on traditional skills like sales, marketing, accounting, and finance. In such circumstances, the team at Wisemen has noted three situations for such activities:-
Shaping the future lying ahead
In today’s era, entrepreneurs are adopting options such as Hadoop for Big Data solutions as well as devices to support the “on the go” economy, instead of age old services and techniques. In the near future, many software vendors will build industry specific ready for deployment on-demand software solutions and deploy them on public clouds. Besides, Firms are avoiding procurement of major hardware and software, while refraining from building and operating data centers of their own. On the other hand, some verticals like Utilities continue to store data within their firewall as it is still considered as a safer option, while exercising caution and these verticals may need more time to adopt emerging trends and solutions. Decentralization of hardware (storage and computation) for standardized software, and use of software as a service will experience tremendous growth. Therefore, the team at Wise Men sees decentralized functionality available to all through mobile devices, in order to enable workforce to work from various places at various points of time.