Digital readiness: The tough, messy work that builds your foundation (MAM210)
Transforming Digital Foundations: Navigating Enterprise Challenges
Key Takeaways
Digital Foundations and the Need for Proactive Approach:
Enterprises need to move from a reactive to a proactive and predictive approach in managing their technology landscape.
Modernizing legacy systems and sunsetting old technologies is crucial to enable new capabilities like AI.
The Readiness Paradox:
While over 90% of executives feel their IT practices are mature, they also express concerns about managing various risks.
This paradox highlights the disconnect between perceived readiness and actual preparedness.
Insights from the Readiness Report:
Leaders do not feel risk-ready, despite recognizing IT as the best line of defense.
There are prioritization challenges in modernizing and transforming while advancing the business.
AI investments are not delivering expected returns, especially for companies with less modernized environments.
The people aspect is a key challenge in driving digital transformation.
Kindrell's Transformation Journey:
Kindrell made a conscious decision to use the spin-off as an opportunity to transform, rather than just separate.
They followed a structured approach, involving executive governance, a focus on minimum viable product, and a tight partnership with business leaders.
The transformation resulted in an order of magnitude reduction in infrastructure and costs, achieving $200-300 million in savings within 2.5 years.
Principles for Successful Transformation:
Data as the enterprise asset, business platforms, cloud-based infrastructure, automation, and zero-trust security were the guiding principles.
Embracing platform-based strategies and consolidating the application portfolio were key enablers.
Ecosystem Collaboration:
Leveraging partnerships with vendors like SAP and AWS was critical in driving the transformation.
Combining the capabilities of cloud hyperscalers, enterprise software providers, and system integrators can help enterprises navigate the complexities of digital transformation.
The Urgency of Action:
The pace of innovation and disruption requires enterprises to act now to modernize their digital foundations.
Delaying these transformations will make it increasingly difficult to take advantage of emerging technologies and maintain competitiveness.
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