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Top 4 reasons why enterprises have to think Digital!
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Table of Contents
What is a Digital Enterprise? Reason 1: The Digital Wave is Here! Reason 2: From Digital to Business
Agility Reason 3: The Inherent Traits of Digital Reason 4: Driving Business Value
through Getting On-Board! In a Nutshell
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A ‘true’ Digital Enterprise integrates
Information Processes Work and most
importantly, People
Information
Processes
Work
People
What is a Digital Enterprise?
so that the entire organization can collaborate more efficiently and effectively and, therefore produce more valuable products and services.
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Why do enterprises have to think Digital?
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Reason 1: The Digital Wave is Here! Big Data Analytics- More structured,
semi-structured and, unstructured customer data everywhere for analysis
Mobile Technology- The Anywhere, Anytime culture being the new face of customer engagement
Power Equations changed-Greater power in the hands of the customers
Technology key Differentiator-IT no longer a support system but the backbone of the enterprise
Social-Collective Intelligence from customer, employees and partner experiences
Cloud-Offering scalability across channels but at the same time resulting in shadow IT initiatives
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Reason 2: From Digital to Business Agility
Digital enterprises by default have Business AgilityDefault is Digital!
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Reason 3: The Inherent Traits of Digital
Innovation- in products, business models, operating models and services
Responsive- Respond quickly and effortlessly to changing market needs and expand across newer geographies
Creative and Design Oriented- Creatively look at ways of transforming lines of businesses into digital
Fast- Quickly transform all your processes into digital space
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Reason 4: Driving Business Value through Digital transformation
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How should enterprises go about it?
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Hotchpotch of innumerable technologies in your kitty Each department having its own IT application without involving the formal IT channel
leads to unused applications Analyze what digital means to your enterprise Get a holistic picture of your organization across technology and culture Digital should be incorporated across entire business operations and not just a part of it Be focused and prioritize your applications as there are too many applications in digital
portfolio Create end to end traceability across all functions in the enterprise Estimate the impact on your digital portfolio
Getting On-Board!Enterprises are locked up in Multiple Silos working independently, hindering innovation and change
Maintenance Cost 70% New Software Cost 20% New Hardware Cost 10%
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Please go to http://www.tcs.com/resources/white_papers/Pages/Digital-Building-Agile-IT-lean-principles.aspx to know how you bring agility to your IT and become a truly digital enterprise.
Enterprises need to adopt digital for business agility and to be responsive in the market, resulting in higher revenue and enhanced customer experience. Since IT is the backbone of your enterprise, digital is the way forward.
In a Nutshell:
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Thank You