What is Your 2017 Business Strategy? - GovCloud Network

blog

0
283
Monday, December 12, 2016

What is Your 2017 Business Strategy?

What is Your 2017 Business Strategy?

Photo credit: Shutterstock


End of year predictions in December are as predictable as tomorrow’s sunrise, but a recent video on 2017 Technology Trends helped me really understand how important a digital transformation strategy is to just about any business executive. The CSC Town Hall conversation actually identified some of the specific tasks that today’s corporate executive really need to address in the coming year. To enhance your opportunity for 2017 business success, your action item list should include:

  • Reconfiguring both corporate front and back office operations for digital execution which is expected to reshape organizational structures, employee compensation models and every business’ partner community;
  • Preparing for intelligent machines advisory services to the enterprise that will drastically increase productivity and business competition;
  • Leveraging the industrial internet, aka the Internet of Things, that will use sensor cross connectivity to improve human safety and machine productivity
  • Dealing with radically new and culturally driven business innovations that originate from the East Asian “Sinosphere”
  • Using simplified cloud computing platforms that will drive 80% of all corporate information technology into public cloud platforms by 2020; and
  • Capturing the value proposition of the truly interactive virtual experience and digital interface for enhanced user experience and worker productivity

·  
To survive these imminent changes, corporations must identify new transformational business opportunities within the context of their specific industry vertical and competitive landscape. This requires much improved collaboration between business and technology leaders around developing an explicit linkage between the cloud computing economic model and the relevant business economic model. This linkage will inevitably include the effective use of virtual IT operational models that include dynamic infrastructure provisioning, infrastructure auto-scaling, application microservices and serverless computing. Preparing for these changes may also require a rethinking of your core business because customer experience design may actually drive your business success. Since quality experiences are based on customer empathy, business analytics, and cognitive technology, a successful business strategy may need to blend all of those capabilities. This also means having an ability to engage with both your customers and employees in meaningful ways, no matter where they happen to be.


Your corporate information technology team itself will also need to deal with an extremely rapid shift from technology operations to robust and automated IT service management. The coming transition to a public cloud dominated IT industry landscape also will also demand corporate strategies around:
  • Matching cloud deployment and service model options to organizational risk tolerance;
  • Enhancing organizational expertise on cloud computing through an increased training investment strategy; and
  • Preventing digital operations failures due to an inability to monitor and enforce the necessarily strict IT governance models.

One final thought. Organizational risk tolerance levels may also need some significant recalibration because it only takes one successful “fail-fast” entrepreneur to reshape an entire industry. Chief financial officers and chief risk officers need to take a holistic approach that integrates business risk management and performance management, including compliance where required, as part of the overall business strategy and execution. In addressing this need, external risk management services may be the key to evolving your company from basic compliance and ad-hoc responses, to optimized business risk management, in which the value of risk management far outweighs the costs. 

This post was brought to you by IBM Global Technology Services. For more content like this, visit ITBizAdvisor.com.

Cloud Musings
↑ Grab this Headline Animator

( Thank you. If you enjoyed this article, get free updates by email or RSS – © Copyright Kevin L. Jackson 2016)

Follow me at https://Twitter.com/Kevin_Jackson

LEAVE A COMMENT

Name*
E-mail*
Phone number*
Your Message

Latest posts

0
79

Digital Transformation and the Mainframe

Digital transformation infuses digital technology into all areas of an organization’s business or mission. Its fundam...

0
617

Composable Architecture Q&A. Are you ready?

Q: Is it time for my company to jump on the composable architecture bandwagon? A: Composable architectures are quickl...

0
157

Increase Productivity by Reducing Technology Distraction: Lessons from Forrester Research

Workplace productivity is hurt every day by the very technology developed and purchased to improve it.  Forrester ann...

0
3392

Cloud Computing Evolves: An Interview with Mats Johansson

Recently, Ericsson Digital released an amazing report on Edge Computing and 5G. In it, they explained how distributed...

0
2573

Unveiling the end-to-end capabilities for the networked society

An Interview with Henrik Basilier  By Kevin L. Jackson The telecom industry is rapidly moving towards a future i...

0
3332

AT&T Finance Solutions GM on Shrimping, Software, and CX

Helping clients address the trends and challenges presented by the Financial Services industry is the main focus for ...

0
7317

The IoT Nexus: Bosch Connected World 2019 in Berlin

Next week, I will be influencing #LikeABosch as I accept an invitation from the company to attend Bosch ConnectedWorl...

0
2725

Survive and Thrive With Digital Transformation

First cloud computing then multi-cloud. How can we get ahead of this digital transformation nightmare? These are the ...

0
1018

The “George Jetson” of Today

He grew up in Silicon Valley, landed his first job at Apple Computers, was introduced to Nobel Prize winners by his d...

0
3989

MWC19: Where Telecommunications and Cloud Meet

As a cloud solution architect, my passion is learning the details about how cloud computing uniquely supports specifi...