Learning through mentoring therefore involves protégés and experts developing a practice of thinking “aloud” about a problem or situation and making considerations and judgments visible (McDermott, 2012). In addition, key organization and management issues include access to experts and the development of expertise by non-expert practitioners (O’Dell & Trees, 2014). It’s not impossible for people with deep domain expertise to do this, but they have to work harder at it. Credit Card Issuers and Processors. With 20+ years experience in the banking and financial services industry, presence in over 20 countries and a broad partner ecosystem, Coforge (formerly NIIT Technologies) provides managed platform services to 200+ financial institutions worldwide, covering the entire value chain: back office, client services, relationship management and customer acquisition. Enabling tax and accounting professionals and businesses of all sizes drive productivity, navigate change, and deliver better outcomes. "Learning, Using, and Retaining Deep Domain Expertise: Working in Smart R&D Organizations." Deep domain Expertise The Investment Advisory team has deep domain expertise and a proven track record of value creation in healthcare and life sciences sectors. Some of the development workers may be experts in one domain and not the other. Expertise is both knowledge and thinking skills. With two deals in less than two months totaling $75 million, the industry is looking at the bigger is better theory. Teams setup within one week. If you are a Service Provider looking to register, please fill out this Information Request and someone will get in touch. Hemre, A. © 2020 Wolters Kluwer N.V. and/or its subsidiaries. We streamline legal and regulatory research, analysis, and workflows to drive value to organizations, ensuring more transparent, just and safe societies. Definition: Domain knowledge refers to a broad-based understanding of a particular industry or solution. We have the knowledge and specialized expertise you need to minimize risks and maximize bottom line profits. Our audit professionals have an average of 15 years of experience and deep expertise in the industries in which they work. The chip industry consolidation dance continued this morning as AMD has entered into an agreement to buy Xilinx for $35 billion, giving the company access to a broad set of specialized workloads. ), Hemre, Anders. There are, however, some important characteristics of R&D operations. Characteristics of deep expertise include speed of decision making, superior context awareness, extrapolation & discrimination ability, pattern recognition and a high degree of tacit knowledge (Leonard & Swap, 2005). You need someone who understands your business and the unique challenges specific to your industry. The organization of work increasingly involves various levels of cooperation and collaboration internally or across firm boundaries. In a call with analysts this morning, Su pointed to these kinds of specialized workloads as one of Xilinx’s strengths. agile development projects, team members grow their expertise more by acts of knowing or “knowing in practice” than by knowledge codification and transfers (Choo, 2014). Learning, Using, and Retaining Deep Domain Expertise: Working in Smart R&D Organizations: 10.4018/978-1-4666-9607-5.ch014: New product development is a knowledge intensive undertaking. “By combining our world-class engineering teams and deep domain expertise, we will create an industry leader with the vision, talent and scale to define the future of high performance computing,” Su said in a statement. What they have in common is that organizational performance to a large extent depends on the level of professional expertise in specific technology and management disciplines. AMD sees this deal as combining two companies that complement each other’s strengths without cannibalizing its own markets. We have the knowledge, flexibility and scale that companies across all industries need. Enabling organizations to ensure adherence with ever-changing regulatory obligations, manage risk, increase efficiency, and produce better business outcomes. 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