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Introduction In our previous article, we introduced a strategic decision-making model to help organizations classify and prioritize innovative projects by integrating three fundamental dimensions: impact, technological maturity, and strategic fit. One of the key components of this framework is the “Strategic fit-Uniqueness Matrix” which evaluates the alignment of innovations with the organizational context and the…
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Introduction Nowadays innovation has become a necessity rather than an option. Organizations must be able to quickly and accurately assess the areas or projects that will benefit most from new technologies and innovative methodologies. This article proposes a strategic decision-making model to help companies classify and choose the innovative projects to develop, using an integrated…
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Unleashing AI’s Potential in SMEs In the ever-evolving arena of artificial intelligence (AI), businesses are keen to leverage AI’s transformative power to bolster operations, enrich customer experiences, and elevate competitive edge. Small and Medium Enterprises (SMEs), despite resource constraints, stand at the cusp of significant opportunities and challenges in AI adoption. Employing Design Thinking, a…
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In today’s rapidly evolving digital landscape, Small and Medium Enterprises (SMEs) are uniquely positioned to harness the power of Generative AI (GenAI) to spur innovation and stay competitive. This guide outlines a strategic Product Management Approach to seamlessly integrate GenAI technologies like ChatGPT, LLAMA2, Claude, and Perplexity into SME operations, ensuring businesses can capitalize on…
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Why Data Products enable AI adoption in business and society and how to use the Data Product Canvas to manage Data Products
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In today’s data-centric landscape, Artificial Intelligence (AI) is revolutionizing business strategies. Yet, the transition into AI requires a foundational cornerstone: a comprehensive data strategy. This post explores the DIKW Pyramid framework, emphasizing the critical role of a well-designed data strategy in driving AI success. DIKW Pyramid: Your Blueprint for Data Mastery The DIKW Pyramid serves…
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In the rapidly advancing realm of technological innovation, Artificial Intelligence (AI) has emerged as a pivotal force reshaping various sectors. Yet, the true essence of AI’s transformative power is harnessed only when it is fueled by an indispensable resource – data. Data as the Foundation of Innovation Drawing a parallel with the indispensable role of…
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Data Visualization is the art and science of transforming data into graphical representations that make complex information easy to understand and actionable for decision-making. It involves using visual elements like charts, graphs, and maps to show patterns, trends, and correlations within large data sets, making it a powerful tool for business leaders. Why Data Visualization…
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Business Intelligence (BI) refers to the technologies, applications, strategies, and practices used to collect, analyze, integrate, and present pertinent business information. The goal of BI is to support better decision-making in business. Think of BI as a set of tools and methods to transform raw data into meaningful and actionable insights for business growth. Why…
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Customer insights refer to the deep understanding of your customers, derived from analyzing data collected from their interactions and behaviors, to inform strategic decisions. This understanding encompasses knowing what your customers need, how they use your products or services, and what drives their decisions to purchase or engage with your brand. Why It Matters: For…