Before diving into the key actions you can follow to transform your procurement organization, let’s consider a recent scenario I heard from a client. This will give you a better picture of the kinds of problems the key actions provided further in this article can help you tackle.
This blog lists the top 10 worldwide predictions for the CIO. Tech suppliers will also find this helpful in understanding the agenda of the CIO. These technology predictions are meant to help the enterprise with strategic planning within the typical five-year business planning cycle.
By 2020, over 90% of enterprises will use multiple cloud services and platforms, but only one-third of these organizations have established mechanisms to operate their multicloud environments. As cloud adoption grows, cloud provisioning, monitoring, and integration will become critical as organizations cope with multiple providers with different APIs, workflows, and tools. In fact, enterprise focus has already begun to shift from cloud adoption to dealing with the problem of too many clouds (a.k.a. “cloud sprawl”).
Recently, I’ve had conversations with an increasing number of leaders who are digitally distraught. They are distraught because they can sense their organization is wavering on digital. As the champion of digital for their organizations, they know what needs to be done, but feel a lack of empowerment to get it done.
This past Spring, I spoke with numerous digital leaders who are feeling distraught. They know what needs to be done but feel a lack of empowerment. Either their CEO is not making the difficult organizations moves, or their organization has multiple strategies, or their investors are taking a short-term view when it comes to funding decisions. These are some of the challenges they feel they cannot overcome on their own.These digital leaders are distraught because they sense their organization is wavering on digital. At the same time, they see other organizations going all in with digital and overcoming these issues – they see their digital determination.
It’s been said that all businesses are technology companies in the age of digital transformation. It’s also true that many are becoming information businesses as the amount and value of data they produce and consume continues to increase. In fact, business leaders and CIOs will find themselves not only missing opportunities but also at a competitive disadvantage if they don’t leverage data assets before markets are crowded with competitors.
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 native enterprise in that time frame.
This is part 5 of the blog series on Digital Transformation (DX). 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.
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.
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.