Most companies are struggling to identify the value of IoT (Internet of Things) and Blockchain in their business. That is partly due to the relationship between Strategy and IoT. While there is a need to have an IoT strategy, it needs to be a subset of the ultimate business strategy. IoT is an enabling technology that allows the business to rethink it strategy, how it goes to market and the product road (goods and services) that IoT enables.  As a result, …Read More

Blockchain and IoT technologies provide an opportunity to significantly reduce upstream and downstream costs in the Oil and Gas Industry. The World Economic Forum estimates that the digitization of the Oil and Gas industry could unlock $1.6T of value globally and realize $140B in productivity. While Blockchain and IoT won’t be …Read More

It was a month ago that I did a Blockchain and IoT workshop with over 65 Aviation executives at the IAFS Planning Summit in Denver.  In that workshop, I discussed Blockchain and IoT applications in the Aviation Industry.  I did an informal pole and found that the average understanding of Blockchain and IoT amongst executives is …Read More

Group50, Thinaër, Sweetbridge Alliance Network Form New Blockchain Working Group for Mid-Market Supply Chain Optimization and Liquidity

Combining solutions for blockchain data integration, secure IoT, and supply chain liquidity with industry best practices for blockchain platform delivery and implementation

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I was recently asked by an executive about how he should manage the division he just took over as its president. I told him to “Manage it like you are going to sell it – Optimize enterprise value and mitigate multiple risk”.  The executive gave a strange look and asked why that mattered. Many leaders think that their only measure of success is the P&L–the amount of operating profit the company generated. Those who believe that are missing …Read More

In Part V of the series on Driving Continuous Improvement, we discuss the importance of utilizing the right combination of continuous improvement tools and data. This is where the rubber meets the road. Once you have your program aligned with your business strategy and …Read More

The Washington Post published an article about the outbreak of E. coli in lettuce on April 20^th that stated: “Although the exact source hasn’t been identified, federal health officials have said information indicates that the contaminated lettuce was grown in …Read More

By Jim Gitney

April 17, 2018

 Los Angeles, CA – Group50 announced today the launch of Scioebc™, a next generation supply chain product  that utilizes the blockchain and is powered by THINaër, an IoT platform building The Internet of People, Places and Things^SM. …Read More

 

There is not a shortage of reading materials applauding the application of Real Time Location System (RTLS) in healthcare. There is no question that RTLS has the potential for being an operational game changer in healthcare by: …Read More

Many people believe that continuous improvement is a culture.  It certainly is in the eyes of the Japanese and many others, but is continuous improvement really a culture or something else? …Read More

Real Time Location System (RTLS) has become the newest “must have” technology for healthcare organizations. Early versions of the technology were expensive and disruptive to install but those barriers are dropping away. The newest technology such as THiNaër’s is installed in minutes and costs a fraction …Read More

Healthcare performance improvement and healthcare performance management are intertwined and require a holistic approach to setting the right targets and accountabilities.  The complexity of all the things healthcare teams need to be good at makes this a daunting task when going it alone. Hospitals need to excel in these primary areas: …Read More

Asset tracking in Healthcare is an important process because hospitals are large facilities and very complex organizations. Every hospital provides patient care by using a sizeable and diverse workforce, and that workforce uses a lot of equipment; most of it mobile. One of the most frustrating, …Read More

The explosion of smart devices, analytics engines, big data, and internet connectivity have thrown open the doors to an incredible set of business opportunities in Healthcare.  Companies and institutions are recognizing that the Internet of Everything ( IoE ) has to be …Read More

This case study describes how a healthcare consulting team of process improvement experts, utilizing Lean Techniques, were able to help a home healthcare provider improve annual profitability by $900K, reduce overtime by 50%, increase productivity by 10% and increase revenue by 3%. …Read More

The Internet of Everything: 8.4 billion and $2 trillion!  Those are the estimated number of connected ‘things’ on the internet and the amount spent on these devices and services by the end of 2017, according to a Gartner study.  The number of connected things is expected to …Read More

Hospital Operating Room turnaround or changeover time is a vital measure of performance for a hospital. An idle operating room can cost a hospital over $4K per hour in revenue as well as reduced patient satisfaction.  Reducing the room turnaround or changeover time leads to reduced patient wait times, increased access, higher revenues, improved patient satisfaction and patient safety. Operating Room availability is an intricate balance …Read More

This medium sized community healthcare system in the mid-west believes in setting the bar high when it comes to the quality of care it provides for its patients. The system consistently receives high quality marks and was ranked among …Read More

Introduction:

The impact of both the 2009 ARRA-HITECH Act, HIPAA and the federal healthcare reform legislation is felt throughout the industry. Healthcare organizations are challenged by managing the cost providing quality care but recognize implementing EMR is a must have. Both are needed and implementation can be a drain …Read More

After Action Review, Post Mortem, Critique… all are terms used to describe an assessment of a project, event or activity after said project is completed.  Our experience is that the After Action Review process is an important continuous improvement tool especially for major transformative activities such as the implementation of new digital technologies (software systems, user tools, etc.), …Read More

Succession and Career Planning is the last component of a successful Talent Management system. In the previous Talent Management Blogs, we defined “ Talent Management ” as a set of …Read More

Middle market companies are challenged with leveraging their investments in Digital technology and IT infrastructure.  Their systems are typically a patchwork quilt of software and hardware products that have been bolted together.  They need systems that are scalable, sustainable, cost effective, available 24×7, …Read More

We have spoken to many senior leaders who are frustrated with their product development processes and who believe that despite their best efforts, most products move forward because of “gut feel” rather than a detailed and consistent market assessment. Developing solid rationale and requiring a business case that includes an appropriate market assessment should be a requirement for advancing a new product or service concept to market. The business case, and its market assessment section, …Read More

There are multiple business and workforce trends occurring that are affecting every business, large and small, in every industry that will require senior leaders to rethink how they acquire, utilize and manage a workforce that consists of employees, temps and contractors.  The following trends have a greater impact on middle market companies. …Read More