Article

Digital Twin of an Organization - A Next Generation transformation solution

Holocentric CEO Bruce Nixon reflects on the new technologies that have arrived and our partnership with the University of Melbourne to deliver a true Digital Twin of an Organization.

The Next Generation of transformation solutions has arrived. New technologies and approaches can increase success rates, lower transformation costs and ensure sustained benefits.

Don’t begin your journey without knowing your starting point – Discover your current situation

Would you start a journey without knowing your destination? Most of us are familiar with the scene from Alice in Wonderland where Alice asked “Which road do I take?” to which the Cheshire Cat responded “Where do you want to go?” When Alice answered “I don’t know”, the cat advised “Then it doesn’t matter”.

Most transformation projects attempt to clarify the expected outcomes of an initiative, yet they do not necessarily have a good understanding of the current situation. Would you commence a journey without knowing where your starting point? How could you possibly know the correct path to the destination unless you know where you are now? There needs to be much greater clarity on what your current situation is to undertake an effective transformation.

Knowledge Management – Why is it critical for organisations?

Recently, Knowledge Management experts have emphasised that even small to medium-sized enterprises (SMEs) without a proper strategy to enable streamlined information flow between business units, to and from the right people at the right time, will likely suffer the consequences of decreased productivity and effectiveness of business operations.

Knowledge Management (KM) is nothing new - organisations have always known of its importance, but how should they go about achieving these goals to ensure they maximise the value it can create for the organisation? 

A timely break for disability service providers

NDIS asks providers to hold off registering until after July 1.

The long-cherished aspiration to have consistent quality in service standards Australia-wide in the disability sector, will soon start to become a reality.

The NDIS is hoping to provide a smooth transition for service-providers when its new Quality and Safeguards Commission (NDIS Commission) rolls out in NSW and SA after July 1.

For this reason it is encouraging caution.

Improve performance, simulate the future and effect change with Process Mining and Holocentric BMS

 Process mining” is Gartners latest hot topic. Let’s discuss just how important this is and how it relates to a Business Management System (BMS) like ours and what is the ongoing value?

Process mining explores enterprise applications and traces the progress of transactions. It builds a picture of actual processes by following transactions through various paths. Unlike a consultant’s theoretical view, process mining works with actual data to determine the paths that transactions take

Benefits of Optimizing Your Business Processes

A key focus of many organisations is the ability to optimize their current business processes. Business processes are the foundation to running a business or organisation effectively, however over time business operating procedures and processes can become inefficient, wasting time and resources. According to market research firm IDC, this can cost businesses 20 to 30 percent of their yearly revenue and also lead to internal dissatisfaction and missed opportunities for growth. To ensure businesses continue to grow and operate effectively, it is important for companies to regularly revaluate and update their business processes.

Why Usage Data is Important For Change Management

Usage data is one of the most effective ways of evaluating the relevancy and value of a system. By knowing what users are viewing or not viewing, organizations are able to understand what is of value to their users and effectively manage when change needs to be communicated. Effective change management requires the use of data but few companies are transforming their data into insights to understand the needs and interests of their users.

Social Engineering – Why Your Company is at Risk

With the rapid emergence of new IoT devices and cryptocurrencies comes with it a plethora of new security vulnerabilities for social engineers to exploit and work their way into an organization’s sensitive data. But the real question is – what is a social engineer?

You have probably heard the phrase “humans are the weakest link” being tossed around within the cybersecurity sphere. But what does this really mean, particularly within the context of social engineering? Well, what if I told you human psychology could be leveraged to steal an organisation’s sensitive data?

Managing Digital Transformation in the Healthcare Industry

As the world becomes more digitalised, it is only likely that companies will follow suit to satisfy consumer expectations. For the healthcare industry, big data, advanced analytics, sensor-enabled devices, and 3-D printing are all technologies that have the ability to impact the way healthcare companies develop products and provide services.

According to research by McKinsey & Company, the healthcare industry falls far behind in their digitisation efforts. Therefore, to meet the rising customer expectations, healthcare companies are integrating the latest technologies into existing business models and IT architectures to improve services. As well as this, with more new, non-traditional entrants making their way into the industry, it is important for healthcare companies to increase their digitisation efforts to compete.

The Year of the Digital Twin

I run the risk of the over-use of the word digital which seems to be the topic of much research and marketing spin, and yet is prevalent in the strategy of most organisations. Whether this is digital transformation or digital disruption, technology is affecting most industries on a scale never seen before.

Change is big. At Holocentric, we aim to help you undertake change more effectively and at lower risk. 2018 will see the introduction to a new range of solutions that move further into the operating space, commencing with the implementation of change initiatives. We are accustomed to understanding complexity and will continue to offer solutions that aim to reduce complexity and deal with the many details that change initiatives entail.