Chances are that if you aren’t already engaged in the digital transformation of your business you soon will be.
The business of doing business is moving faster, connections within companies and across borders are exploding in scope and scale, and making optimal decisions is more important today than it has ever been. There’s pressure on corporate leaders and decision makers to make the right call every time while weighing the demands of the moment with the challenges of the future. Making the best decision for a company and having the confidence to stand behind that decision in front of stakeholders, division chiefs, and investors is incredibly important.
And thankfully there are now ways to make sure that those decisions are optimal, including the software that we build at Cosmo Tech.
Our software is, at its heart, about making optimal decisions. We model and simulate complex systems so that decision makers can understand the impact of their choices on the systems they manage as a whole. It’s powerful technology that helps decision makers lower costs, optimise investments, and justify their choices. What I really like about our technology, though, is that it can be applied to any complex system in any industry; if there’s a decision to be made in a complex system then Cosmo Tech’s methodology, approach, and software can help.
This is a point I recently discussed with Frederic Turkisch from CGI Business Consulting. CGI Business Consulting is a key partner for Cosmo Tech and my Business Development and Application Discovery teams have been working closely with CGI and Frederic to bring our decision management software to clients in France and beyond.
My conversation with Frederic was wide ranging and touched on everything from Frederic’s background in the energy sector to the interconnections within and between companies and even biopharmaceuticals. At one point the question was posed as to whether there was a limit to where decision management software might be applied. I answered quickly and honestly: if there’s a limit, we haven’t found it yet. Life sciences, logistics, smart grid, asset management, energy, process management, heavy industry, and transport are only some of the industries where Cosmo Tech has already left its mark, and there’s little reason to think that that list won’t continue to expand in the future as businesses continue to think differently about the ways they make decisions.
My discussion with Frederic is included in Cosmo Tech’s latest newsletter. It’s one of three interviews that explain the challenges that decision makers face in different industries from the perspective of thought leaders. There’s Marc-Andre Forget, the CEO of Ossiaco, who explains some of the real and growing challenges in the utilities sector where the nexus of an energy transition, industry-wide digital transformation, and an aging asset stock is proving problematic for decision makers taking a long-term view. There’s also an interview with Laurent Schmitt, the General Secretary of ENTSO-E in Europe, and a recognised expert in the complex operations of electricity transmission systems. And, of course, my conversation with Frederic is there, too.
Our newsletter also includes complimentary access to some exclusive research from Gartner. The research report, Why Decision Makers Should Care Less About Data and More About Their Gut, explores the ways that combining human experience and intuition with data and analytics can lead to better decisions. It’s something that we’ve long advocated at Cosmo Tech where our approach and technology – what we broadly call Augmented Intelligence – are not about replacing decision makers with artificial intelligence or diminishing them by pointing to spurious correlations in historical data, but instead help them combine their knowledge and expertise with the data they gather and the causation we identify in their systems.
You can access the Gartner research, all of the interviews, and some exclusive bonus content by clicking through to our newsletter here.