Algorithmic Business
Gartner defines Algorithmic Business as “the industrialised use of complex mathematical algorithms pivotal to driving improved business decisions or process automation for competitive differentiation.” That might be the definition of a business algorithm or rather an explanation of ‘how’ an algorithmic business works, but it is not the ‘definition’ of algorithmic business. Because it uses […]
What is an Operating Data Model
An Operating Data Model (ODM) is a conceptual framework that defines the structure, relationships, and semantics of business domains and the data used within an organisation’s operations. It serves as a blueprint for organising and representing the data necessary to support business processes, decision-making, and reporting. ODM provides a comprehensive and consistent view of the […]
What is Commerce Decision Intelligence
The commerce functions in an enterprise make many small and big decisions on a daily basis that have a significant impact on the costs, profitability and customer satisfaction. This could include decisions regarding inventory levels, choice of transportation, selection of vendors, decision on pricing and many such tactical and strategic decisions. Due to the siloed […]
What are Composable Operating Models
Composable operating models are modular operating models created based on packaged business capabilities and data/AI-driven orchestration. Composable Operating Models offer a flexible and adaptable approach to organising and reorganising enterprise assets, capabilities and operations for a wide range of business scenarios. Composable operating models leverage modular, self-contained business components that can be assembled and reconfigured […]
What is Digital Commerce Maturity Assessment
Business landscape is evolving rapidly due to the increased demands placed by the customers to offer more personalised and pervasive offerings and smoother seamless experience. Digital Commerce has become a critical driver of success for enterprises. Most organisations’ Commerce functions are outdated, sluggish and bureaucratic due to legacy systems, siloed data, archaic processes and risk […]
Composable Business and Packaged Business Capabilities:
Composable Businesses are built on modular architecture with interchangeable building blocks implemented through Packaged Business Capabilities (PBCs). Gartner defines these as “software components that represent a clearly defined business capability”. Packaged Business Capabilities are self-contained operational units that can be stitched together in multiple ways based on different scenarios, customer journeys, regional/regulatory requirements etc. Composable […]
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