Business models around the world are rapidly shifting from selling products to monetizing services. It doesn’t matter what industry you are in, if you are not generating revenue by digitally connecting to consumers, the future of your enterprise is in doubt.
While this digital transformation requires new approaches to organizational structures, workforce skillsets, business processes and customer relationships, it all starts with infrastructure. Static, silo-laden data systems are out; agile, software-defined architectures are in.
But how, exactly, are traditional enterprises supposed to implement such a radical upgrade in time to ward off competition from digitally driven upstarts who are unburdened by legacy infrastructure? To be sure, it will take a concerted effort, and a clearly defined strategy as to how digital transformation can be optimized for the enterprise’s unique market strengths.
More of the IT Business Edge post from Arthur Cole