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Data is the natural resource of the 21st Century

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Data is taking the place of Oil and the combustion engine as the fundamental resource of the 20th Century. But data by itself is useless: It needs to be harnessed and turned into actionable insight. Additionally this implies that information and communications technology has become the fundamental enabler of business capabilities. CEO's and senior executives cannot afford to not be aware of technology anymore. Technology is as important as understanding finance and strategy to run the organization.

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Data is the natural resource of the 21st Century

  1. 1. Data is the Natural Resource of the 21st Century. What does this mean for you? LUIS CARRASCO-CORTES IBM COGNITIVE PROCESS TRANSFORMATION LEADER, CANADA AND CARIBBEAN. ALL OPINIONS ARE MY OWN 1
  2. 2. Consider how bold this statement is, when seen historically  Before 19th Century: Human & animal power  19th Century: Coal & steam power  20th Century: Oil & the combustion engine  These fundamental resources + productive technologies defined each era 10/18/2015 2
  3. 3. Consider how bold this statement is when seen historically  For each era, the society that exploited its natural resource most effectively grew to become a super power, that dominated the World.  The UK, by exploiting coal & steam first, dominated its era and generated massive rents. 10/18/2015 3
  4. 4. IBM’s core statement is that data will supersede all other resources in this century  The implications are staggering:  Organizations that exploit data effectively, are dominating their industries  And they will make those that don’t, obsolete  And… it could be a small startup that comes out of nowhere. 10/18/2015 4
  5. 5. IBM’s core statement is that data will supersede all other resources in this century  But data by itself is like coal or oil still in the ground:  Useless from a productive utilization perspective… Sure, it has potential, but that is it.  You must harness and exploit data to turn it into actionable insight 10/18/2015 5
  6. 6. And for those that actually exploit data, the rewards are staggering  Disintermediation and disruption of laggards is not theory:  Look around you, it is happening right now… perhaps to you…  No one will be spared 10/18/2015 6
  7. 7. The implications of data becoming the key resource is that IT has become a CEO concern – because it drives your corporate strategy, competition, your business model, operations and much more…  Actually, this realization is starting to take hold:  We are observing a massive and accelerating decrease in LOB managers and executives say:  “You are with IBM? you should be talking to my IT guy”… 10/18/2015 7
  8. 8. This video shares a high level view of the building blocks that allow you to exploit this data  This is a conversation, and a journey, and this video’s objective is merely to create awareness  We are here to help you map all these business capabilities and then implement them. 10/18/2015 8
  9. 9. What if I don’t have the technical skills in house?  We recommend you acquire cloud based technology:  No need for dedicated IT  No hidden costs because there nothing extra to buy such as hardware and no ongoing maintenance costs  System available for your use within 48 hours  Pay by the use and scale at the rate you grow 10/18/2015 9
  10. 10. Where can I get more information?  Click on these links to see how this technology could help you run your operations  IBM Decision Manager on Cloud  IBM Business Process Manager on Cloud  Blueworks Live Process Discovery and Modelling Platform 10/18/2015 10
  11. 11. Thank you 10/18/2015 11

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