Predict The Future (Without Looking Like An Idiot) - InformationWeek

InformationWeek is part of the Informa Tech Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them.Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

IoT
IoT
Comments
Predict The Future (Without Looking Like An Idiot)
Oldest First  |  Newest First  |  Threaded View
zaious
50%
50%
zaious,
User Rank: Ninja
7/11/2014 | 11:24:12 PM
Far too little for the next 10
I liked the number 4, we are too focused on the next year. However, these days people are judged on their short term efficacy and success. Many people do not like to think about 10 years for the company -they might not be there for 10 years (especially the people who think about budget). Long term strategy is needed to keep the company on track.
zerox203
50%
50%
zerox203,
User Rank: Ninja
7/15/2014 | 2:54:13 AM
Re: Predict The Future
It's an interesting question, and one we find ourselves faced with year after year. Maybe that doesn't sound like much of a statement, but when we're talking about 'the future' in a business context, we're talking about a very unique kind of problem. Most problems, you solve, and they go away.  This problem is different. No matter how air-tight your 'future solution' is, it's going to have some cracks in it... and even if it works out, you're only ever delaying until the next time you have to face it, like some kind of budget-eating phoenix. It's consumed many great IT heroes over the years, and I'm happy to have some tips to deal with it.

We could basically say that great leaders get their reputation from being great at facing (and planning for) the future. Those who would rather wait out the storm and let somebody else make the tough decisions are more likely to stay where they are, but those who rise to the occasion (and succeed) will reap the rewards. Again, maybe that's a statement that's been made a thousand times, but it's no less true today than it ever was. However, there's an art to making those tough decisions, and with a little practice, most people can have as good a shot at predicting the future as the finest crystal ball. Even if you work in a field without Data (or budgets), it's not hard to see how these tips could be adapted. Thanks!


yalanand
50%
50%
yalanand,
User Rank: Ninja
7/30/2014 | 4:54:26 PM
The future is already here
Toshiba recently handed out a 1.1 billion dollar lawsuit against SK Hynix for stealing their NAND chips design and marketing it. The most shocking thing is that this design seems to have been taken to SK Hynix by a former Toshiba engineer. This proves that most review panels fail at determining what an employee steals from the file stashes. Managers are also solely responsible for finding out what new is coming up around them. If Toshiba managers had got the wind of it earlier, they could have taken measures against SK Hynix and stopped them from climbing world chip marketing ranking from 7 to 5 while Toshiba came down to number 6.
yalanand
50%
50%
yalanand,
User Rank: Ninja
7/30/2014 | 4:54:59 PM
Re: Far too little for the next 10
@zaious: Having a 10 year financial strategy needs too many variables to take into account, and it?s not impossible, but it?s extremely difficult. If your warehouse is in a fault line and you take into account 2 big earthquakes in 10 years and make arrangements for that, there?s no reason that there won?t be 4 more earthquakes and the equation for financial management will change.


2020 State of DevOps Report
2020 State of DevOps Report
Download this report today to learn more about the key tools and technologies being utilized, and how organizations deal with the cultural and process changes that DevOps brings. The report also examines the barriers organizations face, as well as the rewards from DevOps including faster application delivery, higher quality products, and quicker recovery from errors in production.
News
How to Create a Successful AI Program
Jessica Davis, Senior Editor, Enterprise Apps,  10/14/2020
News
Think Like a Chief Innovation Officer and Get Work Done
Joao-Pierre S. Ruth, Senior Writer,  10/13/2020
Slideshows
10 Trends Accelerating Edge Computing
Cynthia Harvey, Freelance Journalist, InformationWeek,  10/8/2020
Register for InformationWeek Newsletters
Video
Current Issue
[Special Report] Edge Computing: An IT Platform for the New Enterprise
Edge computing is poised to make a major splash within the next generation of corporate IT architectures. Here's what you need to know!
White Papers
Slideshows
Twitter Feed
Sponsored Live Streaming Video
Everything You've Been Told About Mobility Is Wrong
Attend this video symposium with Sean Wisdom, Global Director of Mobility Solutions, and learn about how you can harness powerful new products to mobilize your business potential.
Sponsored Video
Flash Poll