When anyone says, “I need data,” I think what they really want is information. There is no shortage of data. But there is a gap in processing data into actionable information. In my personal experience, I see that employees spend approximately 30-40 percent of their time researching and processing data to derive the information they need to service their internal and external customers.
What is Digital Business? How did we get here? And why is it important? Gartner calls this the New Era Picture1of Digital Business. Cisco calls it Internet of Everything. At The Fabric, as investors in cloud infrastructure startups, we track the technologies that drive digital transformation. We believe the technologies that are the driving Digital Business are: Cloud Services, Big Data and Internet of Things (IoT). We have funded six startups that are developing solutions in these core areas.
Prem Talreja, The Fabric speaks on digital business at the Smart City Conference in Santa Clara, organized by SVCTBA.