The CIO can undergo digital transformation, too!
Archives for January 2018
The last time you used Google Maps to look up directions, you used a route-finding algorithm. The last time you used video chat, you used audio and video compression algorithms. What about animations? Rendering algorithms. Mathematical formulas and statistical processes are part of your every day. What algorithm did you use last?
According to data gathered from the U.S. Census Bureau, retail e-commerce sales have risen steadily in the U.S. since the first quarter of 2009 with the latest figures totaling over $105.74 billion U.S. dollars. This amounts to approximately one tenth of total retail sales. The rise of e-commerce sales within the U.S. has contributed to the decline in retail purchases among traditional brick-and-mortar retail stores, forcing many of these locations to close. To survive in an increasingly digital world, business leadership within the retail industry must find ways to incorporate e-commerce into their sales strategies. https://www.oramboston.com
AI the disruptor! What industries do you expect are due in 2018? Our guesses: healthcare, retail and finance.