CIO tips for digital transformation

Digital opportunities and AccentureWith an onslaught of advancements, we’ve noted a vast shift in how traditional modes have given away to modern automation, with digital slowly replacing human gathered data. Careful collaboration, thoughtful planning, and the inclusion of every department are the ingredients for a successful transition to complete digitization.

Inclusion of big data, internet of things and other components have helped businesses achieve a greater rate of success with nominal efforts. The job of a CIO has always been to incorporate new technological progress into the traditional framework of operation, maintaining a tightrope balance between ushering the new while upholding the old. The desire for organizations to seamlessly inject technology as a fulcrum for success will take a new leap with the following trends, in coming 2017-

Hyper convergence

Hyper-convergence changes all your internal processes through assimilating network, storage, and compute layers so that they can be operated under a single stack. While hyper-convergence vendors have successfully mastered integration within their products, most have very little experience in going beyond host network, or considered one another’s products. As every convergence platform works upon a set of unique programme code, vendors are limited to opting for device-specific technical activities. 2017 will mark the seamless integration of hyper convergence platforms amongst each other, to increase efficiency and acquire new properties, as a resultant of the collaboration. Inter-dependence amongst platform will enhance functionality of hyper-convergence to a greater level. This will provided a new sense of freedom for the vendors to function in.

Blockchain (primarily for BFSI Sector)

Blockchain is a form of dispersed ledger in which value exchange transactions are grouped into blocks, on a serial requisition. Blockchain services are gaining foothold owing to the functionality they offer to operating models in industries such as banking automation, identify verification and title registry. The circulated nature of a Blockchain database ensures ultimate security by making it complex for the hackers to attack. It also keeps data by being a one-way process. They add reliance to inhospitable environments, reducing hassles in business by providing transparent access to the information in the chain. 2017 will usher in a more comprehensive presence of Blockchain in other industries, apart from the ledger-based.

Big Data

The importance of big data in the business is fairly known amongst organizations, yet few companies are using it to its optimal level. Big Data Analytics continues to be one of the biggest trends in IT sector at the moment and the buzz around it is going to continue till the late 2020’s. The industry forecasts an onslaught of dependence on Big Data then as businesses realize the importance of making data-driven decisions. Analytics steer businesses by aiding in valuable customer- centric data, influencing marketing campaigns with its inferences. In the era of Digital Transformation almost campaign needs to be measured, to ensure that the desired results are coming forward and gauge the consumers’ reception. In 2017, Big Data will be a cornerstone of how businesses operate with important decisions supplemented by the application of data and analytics.

Business Intelligence

Business intelligence is an umbrella term that refers to a variety of software applications used to synthesize an organization’s raw data, to bring out inferences pertinent to the requirements. BI as parent functionary is a host of several related activities, including data mining, online analytical processing, querying and reporting. All this while, traditional BI utilized a centralized approach where end users consistently waited for IT to obtain reports of historic data.

Advancements in workload automation have contributed to a decline of the centralized environment in favour of a distributed operation which grants users more autonomy, decreasing the time for generation insight. As a result of, IT is no longer consider a  central nuclei for numerous BI requests and instead acts as a facilitator for BI on various desktop, mobile, and cloud applications that add accessibility for business, providing a boost to BI’s overall usage.

Managed Services Providers

Organizations are increasingly depending upon managed service providers (MSPs) to handle elements of their IT, as part of a joint arrangement with the internal IT department. MSPs, with the influx of cloud and big data into organizations, have gained footing, with an increase in usage and hosting within the past 12 months. Earlier accessible to only big organizations, even start-ups can now reap the benefits of a Managed Services provider, owing to their affordability.

With proactive network monitoring, patch management, and desktop optimization performed on a regular basis, MSP’s ensure that crisis in terms of data and network are averted, saving excess loss and ensuring a 24-hour monitoring of system. Organizations have familiarized themselves with managed services and are enlisting help for IT functions such as email hosting, customer relationship management (CRM) applications, storage, backup and recovery and network monitoring.

Digital transformation is required to build an organization that can change both its technology and its culture, thus becoming an expert in surviving business disruption. Building a business model positioned to thrive long into the future where change is the major accelerant of progress comes as a result of calculated implementation of these trends. It is yet to be seen what other technological novelties emerge to change the framework of business in 2017.

Surjit Kr. Bawa, MD, Chi Networks India

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