Making informed decisions based on captured insights is key to business success
By MYBRANDBOOK
Dinesh Kaushik, CIO, Sharda Motor Industries
Technology blueprint for year ahead
There is a lot of buzz around artificial intelligence and its implications. The impact of artificial intelligence and automation can also be seen and felt in the project management sector.
Impact: Many companies have already started using AI in project management to perform their daily tasks that require human effort through task automation. The effect goes beyond automating simple tasks but is also quite helpful in obtaining performance insights. Project managers can use automation to perform complex tasks ranging from scheduling to data visualization and make informed decisions based on the
captured insights.
First and foremost, project managers should embrace AI in project management and then learn how to leverage it for successful project completion.
Inclusion of hybrid project management approaches
When Tele Smart took a survey, it was found that 58% of respondents believe that emotional intelligence is one of the strongest predictors of performance irrespective of the nature of the job.
Impact: Managing projects go beyond defining the scope, making deadlines, deciding the budget. Project managers have to manage people as well and that means more complications.
Failing to understand team members’ emotions could lead to a lot of emotional activity in a team. Obviously, the result isn’t always all hunky-dory.
More focus on data analytics and numbers
Project management involves a lot of data. Project managers are increasingly leveraging data insights to make informed decisions to handle projects in a better way and increase business growth.
Impact: Whether it’s project planning, quality management, or risk estimation, the use of big data analysis has already started shaping the project management world. The collected data is useful to learn how to form teams, the size of the team, how to include and position team members, skill sets needed to manage projects better.
Latest technologies influencing growth
New Technology Trends:
· Computing Power
· Smarter Devices
· Datafication
· Artificial Intelligence and Machine LearningExtended Reality
· Digital Trust
· 3D Printing
· Genomics
Some tech trends, like the proliferation of 5G cellular networks and artificial intelligence, are steadily gaining importance.
Other tech changes are relatively new and haven’t yet disrupted the market, but their significance is undeniable:
Embedded Business Intelligence, Customer Communication Tools, ‘Appified’ Visual Presentations, Personalized Video Messaging, Outreach.io, Intent Intelligence, Attribution Technology, Cloud Team Management, Blockchain, Artificial Intelligence, Remote Communication Tools, Conversation Intelligence, Connect and Sell, Augmented Analytics, Machine Learning.
TAC Security becomes Cyber Security Assessor for the App Defen
The cybersecurity company, TAC Security has been selected as a key Cyber ...
InterGlobe’s Rahul Bhatia and C.P. Gurnani together announce
In a move that is set to transform the AI landscape, Rahul Bhatia, Group M...
Download masked Aadhaar to improve privacy
Download a masked Aadhaar from UIDAI to improve privacy. Select masking w...
Sterlite Technologies' Rs 145 crore claim against BSNL rejecte
An arbitrator has rejected broadband technology company Sterlite Technolog...
FINOLEX INDUSTRIES LTD.
SAFE SECURITY SERVICES PVT. LTD.
TP-LINK INDIA PVT LTD.
BEETEL TELETECH LTD.
Technology Icons Of India 2023: Rajendra Singh Pawar
Rajendra Singh Pawar is an entrepreneur and businessperson who founded...
Technology Icons Of India 2023: B.V.R. Subrahmanyam
B.V.R. Subrahmanyam belongs to Andhra Pradesh. He is a 1987-batch IAS ...
Technology Icons Of India 2023: Amitabh Kant
Amitabh Kant is presently the G20 Sherpa of India during its Presidenc...
GSTN aims to integrate indirect tax ecosystem on a shared IT infrastructure
Goods and Services Tax Network (GSTN) has built Indirect Taxation plat...
C-DAC keeps India ahead in IT & Electronics R&D space
Centre for Development of Advanced Computing (C-DAC) is the premier R&...
INDIANOIL helps reach precious petroleum fuels to every nook and corner of the country
IndianOil, a diversified, integrated energy major with presence in alm...
RAH INFOTECH
RAH Infotech is India’s fastest growing technology value added dist...
ACCERON INFOSOL PVT. LTD.
It is a leading value added distributor in the IT security space and h...
SAVEX TECHNOLOGIES PVT. LTD.
Savex Technologies is the 3rd largest Information & Communication Tec...