Enterprises are constantly seeking new technologies that can be innovative and applied to solve business problems. Currently, major enterprises are even seeking the assistance of smaller enterprise to solve their problems innovatively, even leading to the partnerships between them. Enterprises are expected to spend more than $1.7 Trillion by the end of 2019 seeking better business intelligence, customer experience and solve challenges for the enterprise.
The TIBCO’s CXO innovation survey was conducted for more than 600 businesses and IT professionals. The professionals holding the title CXO, senior vice president, vice president, senior director helped to determine the current technological challenges enterprises are facing. Many business leaders feel that the investment in the innovative tech leads to the positive transformation; Helping the enterprises not only to satisfy the given challenges but also resulting in improving their business prospects. The business leaders have also listed out different technology roadblocks that have been affecting the transformation.
THE SURVEY HAS IDENTIFIED FIVE SUCH OBSTACLES:
1. Limited Time and Resources- 13.3 percent
2. Revenue barriers- 10.66 percent
3. Security Concerns- 10.16 percent
4. Inadequate new skills- 8.73 percent
5. User adoption- 7.01 percent
Over two-thirds of IT professionals reported that the enterprises they are currently working haven’t shown any positive digital transformation efforts. The current obstacle that enterprises are facing will slow them down but it’s imperative to have expertise in the growing technology that will improve there business process.
Enterprise leaders and IT teams need to come together for a unified digital transformation strategy that can create the path for adoption and implementation. It’s having a more focused approach that can help in achieving the non-linear growth for the enterprises.
HERE ARE CERTAIN TRENDS THAT CAN TRANSFORM YOUR DIGITAL JOURNEY:
1. Alienating the different paths
The corporate race for the digital technology will get stronger and wider over the time. But enterprises that want to have an impactful tech in hand after the struggle need to focus on the single path of development. A single unified approach will help to steer the transformation that will help the innovation to work at a faster rate and also reduce the technical debt on the enterprise.
2. IoT adoption
IoT is technology that can help enterprises to leverage the new data sources with traditional technology. The more important data inputs can help to examine the data sets in real time and gain insights for the same. Identifying the imperative data sets that offer business proposition is one of reason IoT adoption is imperative.
3. Cloud will be with edge
Smart IT infrastructure driven by edge computing gives power to the more analytical transformation. With server-less architecture gaining popularity, it’s helping the relative participation of the users. Edge will be the underlying technology that will transform the IoT implementation with data to give insights.
4. Artificial Intelligence to find better business applications
An enterprise that wants to leverage the data that can provide better insights into common end-user problems can also use Artificial Intelligence as a technology tool. The machine learning tools combined with artificial intelligence tools can help to make educated business decisions and find new revenue sources.
5. Data protection
Regulations will be adding the aspect that we might see in 2019. With an increased focus towards the data security, various governments and enterprises will be forced for implementing an effective policy that curbs the data usage and lets the consumer control their data. Privacy protection is will be a technological requirement for 2019.
Though enterprises tend to be more inclined towards the newly opted technology that has potential or exploring the existing technologies. Enterprises that want to move forward with innovative technology will need to be adaptive towards embracing new challenging technologies.
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