Digital roadmaps are conceptualized very differently across organizations. Some go for “digitisation, digitalisation, transformation,” some go for “automation, augmentation, amplification.”, and others go for “products, platforms, ecosystems.” In my opinion, strategy has little contribution to an organization’s eventual digital success. Success should be defined by our market performance and not how intellectually stimulating our PowerPoints are. In this digital age where consumer data is so easy to collect, we can measure our success almost immediately. Thus, we should not spend time trying to argue how solid a piece of strategy is but organize our teams to quickly get to the point of experimenting with actual customers. No one is better than your customers in leading you to success.
Another big hurdle that I see is legacy systems and isolated IoT sensors/devices. Many organizations embark on data quality programs, re-working core systems, and unifying their data architecture, which costs a lot of money, time, and resources. The irony is that once they are done (usually never done to perfection), these technologies are obsolete again… This is why today, we are strongly recommending a “lego-block” approach where anyone can bring their own data, bring their own devices, bring their own systems, and we use a Data Fabric as a real-time data translator and an Orchestrator to compose independent modules into new business capabilities. This architecture is what Gartner terms “Composable Intelligent Businesses,” and this is something worthwhile to explore further.
Answered by Dr Jack Hong on 10 Oct 2022 15:17