Welcome to the Velocity monthly newsletter for August 2020 where we share our latest use cases, upcoming events, product updates, and more...
INDUSTRY VIEW POINTS
Business leaders divided over digital transformation according to EY report
This report by Ernst & Young really highlights where we are at with digital transformation. There is most certainly a divide across industries where some see digitalisation as an opportunity and others as a threat. While for example, 22% of executives surveyed said it had reduced barriers to entry and created positive changes in customer behaviour, 21% said it had increased competitive pressures. We must begin breaking down this fear and shift the paradigm to support organisations to feel safe and empowered within their transformations. Read the article.
Change management is a mindset
Change management is most certainly a mindset. As we think about our change-management programs, we need to ask what our ultimate goal is?Most common, building a culture of innovation and agility. To do so effectively, leaders need to embody the behavioural changes they wish to see.Adapt language to avoid sounding risk-averse and being comfortable sharing vulnerability. Also, it's critical to get the buy-in from your employees early,engaging them in the process and making it a highly participative experience. Read the article.
Customer Use Case
SML Group gains real-time sales data
The challenge SML Group faced was with production sites and sales networks in over 30 countries. The global branding and retail solution provider, SML, needed to consolidate data from many sources to provide timely reports that support operations and management.
Alteryx Intelligence Suite
Up level your analysis with the Alteryx Intelligence Suite. Understand your semi-structured and unstructured data through optical character recognition,sentiment analysis, and topic modeling with Text Mining. Quickly build predictive models without coding or performing complex statistics with Augmented Machine Learning. A guided, step-by-step process will help you create properly trained algorithms ready to deploy. Begin your shortest path to advanced insights today. Read datasheet.
- An introductory course to the world of data science
- The fundamentals working with data
- Data science foundational concepts through Udacity's Predictive Analytics Nanodegree
In a global economy,real-time data analysis is closely related to business success. Without data-driven insights, organizations find it challenging to remain competitive,improve company performance, and deliver strong user experiences, regardless of their industry. Unfortunately, data silos serve as a roadblock for data sharing and analysis within organizations and with partners, vendors, suppliers, and customers.
The Velocity Coastal Rowing masters team entered their second competitive race on Saturday 11th July. The competition was part of the Victoria Rowing Club 2020 Duff & Phelps VRC Race Series (VRC7). Velocity competed in the Royal Hong Kong Yacht Club (RHKYC) quadruple scull coastal rowing boats over an eight-kilometer coastal water course that starts and ends in Deep Water Bay.