IT Governance and Executive Strategies
The DX platform is the future technology architecture that accelerates DX initiatives for the Enterprise. It enables the rapid creation of externally facing digital products, services, and experiences while aggressively modernizing the internal IT environment toward an "intelligent core" in parallel. Organizations that can "re-architect for scale" using the DX platform approach will stand out as most likely to be "digitally transformed" over the next three to five years and emerge as a digital…
Digital transformation (DX) is causing a shift in the enterprise. Business leaders must rely on new KPIs for effective IT measurement. This blog covers the shift from traditional IT KPIs to the new KPIs that are being demanded as organizations are disrupted by digital transformation.
Digital technologies and the new business models they fuel have significantly impacted most enterprises. Executives are called upon to leverage digital transformation (DX) to change and disrupt their business, customers, markets, and competitors. This shift is driving tremendous changes to the rules for IT measurement, as many IT organizations still lack the ability to run IT as a service business and address the business value of their contribution to enterprise imperatives.
IDC predicts that the worldwide cognitive/artificial intelligence (AI) software platforms market will grow from $1.6 billion in 2016 to $8.4 billion in 2021 at a compound annual growth rate (CAGR) of 39.7%.
Organizations are currently undertaking projects developing the next generation of intelligent applications based on cognitive/AI software platform capabilities. The strong overall growth rate represents both the maturation and broad adoption of the current generation of information across…
This is part 5 of the blog series on Digital Transformation (DX). To catch-up on any previous parts you may have missed in the series, please see the "Related Content" on the right side of the page. This blog focuses on one of the three strategic priorities for the enterprise – Digital Business at Scale, creating an operating model to run new businesses at scale.
Digital Business is Superseded by Digital Business at Scale
When enterprises began their digital journey, their primary focus was to make business operations more responsive by leveraging digitally connected products, assets, people and partners. Recently, this has grown into a realization and appreciation for the need to scale digital operations to deliver hyper-personalized and cost effective digital services.
Recently work at Emirates NBD and a large private bank in Asia around blockchain…
Welcome to Part 4 of this 5-Part blog series on Digital Transformation (DX). This blog focuses on one of the three strategic priorities for the enterprise – Data Monetization, the leveraging of data to create new digital revenue streams.
Data as a Competitive Advantage is Superseded by Data Monetization
Two years ago, the opportunity around data was largely seen as swiftly responding to opportunities and with superior intelligence. Today, organizations see the potential data holds in creating new revenue streams.
The Data Economy
Creating new revenue streams by leveraging data will require evolving your business model. Schindler Elevator is a great example of how an internal operational transformation has led to new digital…
Welcome to Part 3 of this 5-Part blog series on Digital Transformation (DX). Picking up from where Part 2 left off, this blog focuses on one of the three strategic priorities for the digital transformation of the enterprise – Experiential Engagement, the blending of digital and physical in consumer engagement.
Omni-Experience Superseded by Experiential Commerce
Up until this point, the number one goal of enterprises has been omni-channel transformation.. Leading organizations have worked towards bringing together internet, mobile, brick and mortar channels to create a single view of the customer. As innovation envolves and consumers crave more integration, convenience, and immediate gratification, so do expectations for the enterprise. Leading organizations are now setting their eyes on blending…
Having a DX strategy in place is perhaps the best thing enterprises can do to help drive business transformation and ensure faith in leadership. But many have not yet made the effort.
Over the past decade so, it has become abundantly clear that information technology itself has become a driving force of change in the business world. This hasn’t always been true. From the 1980s through the early 2000s, computer hardware and software largely replicated and, to some degree, automated transactions once carried out on paper or in person. Complex back-office suites and assembly-line solutions often just recreated established processes. And while websites could be striking to look…
In their current state, established enterprises are making uneven progress in digital transformation. While many organizations have started on their digital transformation journey, 59% of organizations are now stuck. These businesses are challenged by the new set of competitive market forces and digital innovations that are disrupting and digitalizing the same marketplaces where they have so successfully competed in the past. These challenges require an even higher degree of management…
The 3rd Platform, including cloud, mobile, social and big data and analytics in addition to new technologies which IDC calls “Innovation Accelerators”, already accounted for more than 60% of worldwide ICT spending in 2016, and will grow to more than three quarters of industry revenue by 2021. But within that headline statistic, significant regional variations have emerged as 3rd Platform business models develop around the world.
Emerging Markets Leapfrog Legacy Technologies
Mature economies have a broader legacy of 2nd Platform infrastructure and software to maintain via operations and support services. In the USA and Western Europe, the 2nd Platform still accounts for almost 40% of ICT spending (in Canada, it’s currently more than 50%, although this is forecast to drop rapidly in the next 5 years as Canada rebounds from a sluggish economic period which stalled some early adoption of 3rd Platform technologies).
59% of Worldwide organizations are stuck in stage 2 or 3 of their digital transformation.
While organizations are running digital projects, and making progress, they are not digitally transforming their overall business. Enterprises must make the digital transformation needed to become digital native – i.e. an organization where disruptive innovation is “business as usual”.
While challenges around legacy culture, process and financial incentives has been widely identified as impediments to…
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