Smart Systems in Business

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In my last post I looked at factors driving the use of smart systems in business. The major factors are represented by the acronym PC-cubed for Price, Performance, Pervasiveness, Celerity, Connectedness, and Complexity. The last post analyzed the P-cubed,... Read More..
Let's look at factors driving the use of smart systems in business. The major factors are represented by the acronym PC-cubed for Price, Performance, Pervasiveness, Celerity, Connectedness, and Complexity. Technology Push and Business Pull Improvements in technology provide better price,... Read More..
What makes a system smart? Let's use a biological metaphor to answer this question. Living things acquire information from birth through their sensory organs. They store pertinent information in memory. They identify patterns about how their environments evolve and... Read More..

Smart systems use historical data and data acquired continuously from multiple sources; they correlate this data and identify patterns that indicate important events; they predict probable futures; determine appropriate responses; and then respond. Smart systems help businesses by identifying and responding to changing situations rapidly and appropriately. This blog describes smart systems, its key foundational ideas, and their applications.

K. Mani Chandy

K. Mani Chandy is the Simon Ramo Professor at the California Institute of Technology in Pasadena, California. He received his B.Tech from IIT Madras in 1965, MS from the Polytechnic Institute of Brooklyn in 1966, and PhD at MIT in 1969. He worked at Honeywell and IBM, was a professor at the University of Texas at Austin from 1970 to 1987, and has been at Caltech since then. View more

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