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10 Ways Organizations Can Prepare for Changes Brought on by the IoT

Smart Data Collective

Education can help people boost their expertise and develop the skills needed to run a business in an IoT-led business environment. Today’s IoT-dependent business models require business owners to become more open to change for fostering innovation and promoting creativity. Enhanced innovation. Crisis management.

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Decision Intelligence: What It Is and Why You Need It

Domo

Traditional decision-making processes like the example just provided are becoming less effective in a modern business environment. This is especially beneficial for transaction-heavy businesses, such as airlines and pharmaceutical companies. And predicting outcomes is very much based on past performance and behavior.

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Competitive Intel: A Complete Definition and Guide

Netbasequid

Say, for instance, you’re an airline; you find out that a competing airline has reduced the ticket price for a certain route and you do the same to maintain your customer base. Since the 1980’s the field has steadily grown as businesses see its value. It might not be obvious, but you rely on competitive intel all the time.