Ferrum Technology Services Blog

Every organization is always looking for an advantage. Integrating technology can make a lot of difference as you try to build operational efficiency. Not only can technology bring speed to your business, it can bring reliability that is impossible through analog means. This month, we will discuss ways that technology can bring additional efficiencies. 

Most businesses create and hold a lot of data, much of which goes underutilized. Thanks to improved developments in data analytics and business intelligence, more businesses can take advantage of their data to make better decisions and improve operations, thereby increasing profits in the process. At the heart of these developments is data warehousing.

In business, making good decisions is a must. You have to manage risk well. Today’s business is using analytics to drive decision making, and therefore needs to design and implement platforms that make this possible. If a business doesn’t properly set up their analytics or intelligence systems, their decisions may not be made with a useful perspective. Let’s take a look at these systems to see if you may be being fooled by your own numbers.

Today’s business has to be concerned about more variables than ever. Companies that depend on their supply chain, and those that distribute goods, need to be able to rely on their management to coordinate efficient and effective business. In the past, business moved slower, and the management of a supply chain was done by a department of people. Today, the process is significantly more streamlined. Today, we’ll take a look at contemporary supply chain management and how thorough logistics can be a real difference maker.

When you’re making important decisions for your business, you need solid data to back them up. Through the use of business analytics, you can take advantage of your quantifiable data to find the right decisions for your business. We’ll discuss the process of using business analytics and how it can be used to your business’ advantage.

Data is one of the things in business that you collect naturally and can benefit from, but do you have a system in place that lets you collect and store it for future use? Considering how vital data collection is to the success of any organization, it’s reasonable to suggest that data storage can be a valuable investment for your business’s long-term futures and goals.

Your business’s IT strategy is of incredible importance, especially when you consider how much your operations stand to benefit from a functional infrastructure. More than anything, though, IT can ensure that your business remains competitive in a world where the slightest advantage can mean all the difference.

There’s no question that mobile devices have changed the way society works on a fundamental level. It’s hard to imagine even leaving the house without your trusty smartphone by your side. The iPhone was once advertised as “life in your pocket,” and this phrase has proven to be entirely too true. Eight years following the introduction of these devices, businesses have grown reliant on this type of mobile technology to stay relevant in their chosen industry.

Big data analytics are changing the way that businesses handle their marketing endeavors. You might even have a data collection strategy yourself that’s helped you make changes to your business model. However, do you understand why these changes are being made?

Microsoft’s Internet Explorer is one of the most widely used web browsers, despite the fact that it has a tendency to crash from time to time. In order to improve the product and prevent future bugs, glitches, and crashes, IE creates an error report after every crash. Most of these reports go unsent, or so Microsoft thought.

Whether the world is ready for it or not, the Internet of Things (IoT) is on its way. As such, there is a lot of controversy about what actually constitutes the Internet of Things. Infoworld argues that a lot of what the public claims to be part of the IoT, is actually not a part of it, and that we need a more substantial definition for this oncoming phenomenon.

The other day, we introduced you to "the most connected human on Earth", Chris Dancy, and his story. Dancy had lost his job due to corporate downsizing, which in turn led the former IT manager to use his knowledge for the study of quantitative technologies and systems as part of a "quantitative life existence." In this second installment of our interview, Chris is going to explain how you too can lead a similar lifestyle.

Most tech-savvy people in this world will agree that if technology can provide the benefits it promises, it is worth giving a shot. However, these same people might feel uneasy about using technology to monitor so much of their personal lives. For Chris, it's about the differentiation between the "augmented self" that is displayed over the Internet, and your real-world self. Ultimately, the user has to lay down the fine line between shareable and non shareable, and it's up to you to determine what information you broadcast online and what you keep to yourself.

However, a person needs to be careful not to be too involved with their "augmented life". Rather, they should focus on finding balance between their online presence and their own earthly existence. Chris believes that taking advantage of as much technology as possible can ensure a successful future. Wired Magazine explains, "Dancy doesn't think that all tracking is necessarily positive, but he's fatalistic about the future. Even if workers reject more Orwellian surveillance from employers — or companies determine these measures to be counterproductive — individual workers will likely use self-tracking to gain a competitive edge."

How To Make Quantitative Technology Your Own
You might feel ready to get involved with quantitative technology, but you should carefully consider the benefits of it before doing so. There are so many types of technology that can be used to segue into a data-driven existence, and it might seem a bit overwhelming if you don't know what to look for. Chris offered Ferrum Technology Services some advice for the average tech user wishing to adopt this new lifestyle.

• "Start at home. Put a nest thermostat in your house. Understand how the thermostat uses weather and behavior to self adjust. Watch it change as the climate changes. Watch it learn." With a smartphone-connected thermostat, you'll be able to adjust the temperature of your home from anywhere, and gather information at the same time. It's the perfect first step toward integrating more technology into your life.
• "Then get a fitbit. Wear it all the time, but only look at the data every two weeks. Then use that data and compare it to your schedule, see if you can find patterns." The fitbit, for Chris, has come with health benefits. Chris stated in an interview with FOX Business that he lost 100 pounds thanks to his lifestyle allowing him to track his health habits!
• "Stay off the 'news hype' 'tech fetish' cycle. There will always be something new and cool to talk about with peers and friends. Learn who you are and what you do. Work in 2020 is about awareness of information and how people will live a data-driven lifestyle."

With so much technology at his disposal, Chris is bound to have some favorites. We asked him the question, "If you had to limit yourself to five, which five would you choose?" In response, Chris selected a few of his favorites. So, if you are looking to quantify your life with lots of useful technology, these are a must.

As doing business becomes more complex and competitive, having access to accurate data is becoming increasingly important. This is the assessment of IBM chair, president and CEO Ginni Rometty from her speech on October 2nd at the IBM InterConnect 2013 event. According to Rometty, businesses that successfully use data will share these three characteristics.