By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
SmartData Collective
  • Analytics
    AnalyticsShow More
    data analytics in sports industry
    Here’s How Data Analytics In Sports Is Changing The Game
    6 Min Read
    data analytics on nursing career
    Advances in Data Analytics Are Rapidly Transforming Nursing
    8 Min Read
    data analytics reveals the benefits of MBA
    Data Analytics Technology Proves Benefits of an MBA
    9 Min Read
    data-driven image seo
    Data Analytics Helps Marketers Substantially Boost Image SEO
    8 Min Read
    construction analytics
    5 Benefits of Analytics to Manage Commercial Construction
    5 Min Read
  • Big Data
  • BI
  • Exclusive
  • IT
  • Marketing
  • Software
Search
© 2008-23 SmartData Collective. All Rights Reserved.
Reading: The Now Economy
Share
Notification Show More
Latest News
data analytics in sports industry
Here’s How Data Analytics In Sports Is Changing The Game
Big Data
data analytics on nursing career
Advances in Data Analytics Are Rapidly Transforming Nursing
Analytics
data analytics reveals the benefits of MBA
Data Analytics Technology Proves Benefits of an MBA
Analytics
anti-spoofing tips
Anti-Spoofing is Crucial for Data-Driven Businesses
Security
ai in software development
3 AI-Based Strategies to Develop Software in Uncertain Times
Software
Aa
SmartData Collective
Aa
Search
  • About
  • Help
  • Privacy
Follow US
© 2008-23 SmartData Collective. All Rights Reserved.
SmartData Collective > Uncategorized > The Now Economy
Uncategorized

The Now Economy

DarrylMcDonald
Last updated: 2009/12/28 at 11:46 PM
DarrylMcDonald
4 Min Read
SHARE

Welcome to the now economy! What does that mean? It means customers want relevant, up-to-date information and a clear understanding of what the information means now (not later).Now_economy_clock

The expectation of speed and low tolerance for lag time has grown in parallel with Moore’s law, which says microprocessor performance should double every two years, and with advances in the internet and mobile devices.

Those advances mean faster performance on networks and hardware. But they mean something else as well: the faster people go, the faster they expect to go. Customers want problems resolved as soon as they occur.

Can your company do that? Even better, can you address customer issues before they become customer complaints? Here’s an example: a high-value airline customer isn’t going to make his connecting flight. Does he have to wait to deplane and go to the gate agent to get a new flight? Or do the airline systems “know” the customer won’t make his flight and automatically book him on a new flight? Does he get a text message telling him he’s been rebooked, or does he have to wait in line with 100 other people?

More Read

big data improves

3 Ways Big Data Improves Leadership Within Companies

IT Is Not Analytics. Here’s Why.
Romney Invokes Analytics in Rebuke of Trump
WEF Davos 2016: Top 100 CEO bloggers
In Memoriam: Robin Fray Carey

Think about your typical IT workday: too much data to handle and …



Welcome to the now economy! What does that mean? It means customers want relevant, up-to-date information and a clear understanding of what the information means now (not later).Now_economy_clock

The expectation of speed and low tolerance for lag time has grown in parallel with Moore’s law, which says microprocessor performance should double every two years, and with advances in the internet and mobile devices.

Those advances mean faster performance on networks and hardware. But they mean something else as well: the faster people go, the faster they expect to go. Customers want problems resolved as soon as they occur.

Can your company do that? Even better, can you address customer issues before they become customer complaints? Here’s an example: a high-value airline customer isn’t going to make his connecting flight. Does he have to wait to deplane and go to the gate agent to get a new flight? Or do the airline systems “know” the customer won’t make his flight and automatically book him on a new flight? Does he get a text message telling him he’s been rebooked, or does he have to wait in line with 100 other people?

Think about your typical IT workday: too much data to handle and process. It can frustrate any manager. Because they (and we) know that in a dynamic marketplace, competitors gain share by making sense of data and acting on it first. No manager wants to get an e-mail from the boss wondering why a competitor acted earlier on a market shift.

The technologies to accomplish this — and many transactions like it — do exist now. They’re available from Teradata, where we help our customers respond to the needs of their customers and do it immediately, shifting from being driven by hindsight to one of foresight.

Are you keeping your customers waiting? If so, it’s time to join the now economy in this New Year!

Darryl

DarrylMcDonald December 28, 2009
Share this Article
Facebook Twitter Pinterest LinkedIn
Share

Follow us on Facebook

Latest News

data analytics in sports industry
Here’s How Data Analytics In Sports Is Changing The Game
Big Data
data analytics on nursing career
Advances in Data Analytics Are Rapidly Transforming Nursing
Analytics
data analytics reveals the benefits of MBA
Data Analytics Technology Proves Benefits of an MBA
Analytics
anti-spoofing tips
Anti-Spoofing is Crucial for Data-Driven Businesses
Security

Stay Connected

1.2k Followers Like
33.7k Followers Follow
222 Followers Pin

You Might also Like

big data improves
Big DataJobsKnowledge ManagementUncategorized

3 Ways Big Data Improves Leadership Within Companies

6 Min Read
Image
Uncategorized

IT Is Not Analytics. Here’s Why.

7 Min Read

Romney Invokes Analytics in Rebuke of Trump

4 Min Read

WEF Davos 2016: Top 100 CEO bloggers

14 Min Read

SmartData Collective is one of the largest & trusted community covering technical content about Big Data, BI, Cloud, Analytics, Artificial Intelligence, IoT & more.

ai in ecommerce
Artificial Intelligence for eCommerce: A Closer Look
Artificial Intelligence
ai is improving the safety of cars
From Bolts to Bots: How AI Is Fortifying the Automotive Industry
Artificial Intelligence

Quick Link

  • About
  • Contact
  • Privacy
Follow US

© 2008-23 SmartData Collective. All Rights Reserved.

Removed from reading list

Undo
Go to mobile version
Welcome Back!

Sign in to your account

Lost your password?