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  • The New York area ferry service operator adopts an Internet of things platform to gather  data that can help the business run more efficiently and more safely.

  • The emergence of big data and other technology disruptions is putting pressure on chief marketing officers (CMOs) to rethink their strategic direction, according to a recent survey from IBM's Institute for Business Value. The accompanying report, "Redefining Markets: Insights from the Global C-Suite Study - The CMO Perspective," indicates that only a minority of CMOs feel prepared to deal with the current data explosion. They also realize that technologies such as the cloud, mobility, social media and the Internet of things (IoT) have just begun to make an impact, and their potential is enormous. In response, CMOs are striving to boost the digital literacy of their team members. In addition, they'll seek tech solutions that help them better map the consumer journey and otherwise enhance interactions with customers. It's the best way, they've concluded, to compete in a rapidly evolving global marketplace. "CMOs know they need to prepare for a future in which disruption is pervasive: a future in which technological advances are increasingly blurring the distinctions between different industries, [as] new competitors are emerging from left field and value resides in the entire arc of customer engagement," according to the report. CMOs must "use data-driven decision making to deliver customer experiences that are personalized, relevant and timely—on a large scale." The report draws comparisons between CMOs who are considered digital "torchbearers" and those who are considered "market followers," and we've included some of those here. More than 720 global CMOs took part in the research.

  • Anticipating that innovative smart technologies will significantly increase companies' revenues over the next five years, the vast majority of organizations are adopting these solutions, according to a recent survey from Avanade. While its potential impact on ROI is astonishing, smart tech also promises to profoundly transform workplace cultures and staffing strategies, findings reveal. For example, a sizable share of companies will likely reorganize in the near future due to the growing presence of smart tech, and a significant number of jobs will have to be "repurposed." Speaking to the latter, with machines picking up mundane tasks that employees now perform, hirers will seek job candidates who can demonstrate superior problem-solving and critical/analytical thinking skills. "Smart machines clearly offer benefits to the enterprise," according to the report, "including the opportunity to increase revenues, optimize efficiencies and better serve their customers in a digital world. … With more smart machines working in the enterprise, people are freed up to concentrate on critical business issues and innovation; to decide on which course of action artificial intelligence should take in certain instances; or even to override decisions made by machines." An estimated 500 global C-level business unit leaders and IT decision-makers took part in the research.

  • Technologies by themselves are not playing the biggest role in supporting and growing the digital economy: New business models are playing the greatest role.

  • In the Data Science Bowl, researchers work on real problems to develop solutions that will benefit society. This year's competition focused on heart disease.

  • A report says that the majority of respondents think the pace of technology in their industry will grow at a rapid or unprecedented pace in the next three years.