In the ISOfocus magazine (March/April 2014 edition), you'll learn about the three business trends that are changing the way we run our companies and how standards are making inroads to help us thrive and survive.
1) Big Data: The amount of data stored is doubling every 18 months. Companies that leverage solutions to manage big data are seeing massive increases in operating margins. But "big data" has its challenges that need to be addressed before it can have real impact. A new study group in ISO will assess and bring greater insight into the complexities of big data and the ensuing role of standards.
2) Collaborative business: Many of the problems we face today are so overwhelming and widespread that no one organization or agency can solve them alone. Collaboration is the new name of the game, offering a timely opportunity for ISO's move forward with a collaborative business relationship framework. This will open doors for greater innovation, competitiveness and successful outcomes.
3) Compliance: New markets can mean new compliance requirements. And failing to have the right controls and culture in place could mean forking out millions in fines. So how can businesses get it right? A future ISO standard could be just the solution that large and small organizations are looking for.
The best leaders understand that standards are a platform for envisioning, and positioning oneself for, the future. If you want to lead a successful business, standards have to be part of the equation. The trick is to know what items to focus on.
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