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.
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