If you take a good look at how the business ecosystem is evolving, you’ll find that it’s being redefined by five key market trends:
You’d be hard pressed to find research that doesn’t indicate the takeover of these five megatrends.
Forrester, for instance, predicts that machine learning and automation will replace 7% of all U.S. jobs by 2025. According to the Economist Intelligence Unit, almost 80% of companies identified digital transformation as their top strategic priority last year. Gartner believes that 70% of all newly deployed apps will run on open source databases by 2018; meanwhile, research continues to show that some 20 to 30 billion objects could be connected to the IoT by 2020.
As these technologies shape our smart digital world, so too do they raise the stakes in terms of customer expectations. Next-generation consumers demand nothing short of a sophisticated digital experience marked by greater quality, agility, speed and contextualization.
The Need to Transform NOW
Driven by these trends, organizations have no choice but to consider how they can adapt to grow and thrive. Competitors are moving at rapid new paces and blazing unforeseen trails. We’re seeing this disruption industry-wide, from companies like Uber and Lyft that have revolutionized the taxi industry (taxi trips have fallen by as much as 30% in cities like L.A.) to Airbnb, which turned the hospitality industry on its head by introducing the concept of an end-to-end digital homestay experience.
Look around and you’ll see just how much your own industry is changing. Do you realize how much new ground is ready to be broken? How much unexplored territory there is to seize? The organizations that thrive will be the first to not only see the possibilities, but successfully execute them. To do so, however, companies must undergo some level of transformation—and IT must be a central part of that transformation.
Elevating IT to Accelerate Business
To enable business to move at a pace that maintains a competitive edge, leaders must ask themselves how they’re empowering their IT staff. As it currently stands, something needs to be done about today’s IT skills gap. What we’re seeing is too many departments tied down to costly, archaic systems that hinder performance and productivity. There are too many people doing the same things and expecting different results. In a world where IT maintenance and innovation must be expertly balanced, teams are working to keep the lights on and not spending enough time learning new technologies and strategies or becoming part of the solution. This has been an ongoing problem that needs to be talked about less and acted on more.
The bottom line is that organizations will only truly accelerate in the digital era if IT spends enough time on strategic initiatives. Consider that 60% of top-performing companies engage IT to gather ideas for innovation, and 49% collect ideas through business unit workshops facilitated by IT. Without question, IT should be factored as a critical part of business innovation.
So, how can businesses free their IT teams to begin innovating? The right technology here is key—specifically, it has to be a combination of business process automation over an automated, end-to-end, meshed networking architecture. Let’s first focus on networking—this open, agile and integrated platform liberates IT by substantially reducing the level of complexity associated with traditional network maintenance, allowing teams to spend more time on high-level strategic initiatives. I’d like to take a look at how such a platform helps fill the IT skills gap from a traditional networking standpoint and outline some of the security benefits this architecture can bring.
Traditional legacy architecture, often referred to as “client-server” is becoming near obsolete thanks to the proliferation of automation and M2M. But before we jump too quickly, you may remember the resistance from peer-to-peer communication where IT in fact won the battle and for the most part didn’t allow it—simply put, the legacy architecture couldn’t sustain it. As manual processes continue to be replaced by smarter, automated processes, it’s imperative that organizations start thinking differently in terms of networking.
This may mean, for example, seamlessly integrating AI and machine learning into their communications strategy to engage customers with flexible new touch points. This will also likely require the integration of services from several vendors with different capabilities, versus one single provider, hence the importance of having an open ecosystem with standards as much as possible.
Regardless of how organizations go about it, the fact is that they must begin moving their networks in a new direction if they wish to progress at the pace their business needs to. Fully-meshed, end-to-end architecture offers an open ecosystem in which businesses can begin freely automating, integrating and reinventing traditional processes without a high level of complexity. This time freedom enables IT to begin reimagining business outcomes. The use of open, integrated, future-proof technology opens new doors of opportunity to do so.
With billions of IoT devices directly communicating and sharing data, organizations are now operating in an essentially borderless network—or as I like to call it, the everywhere perimeter. While this everywhere perimeter enables organizations to operate with unmatched agility and ease, it can also destroy companies if left unprotected. As one can imagine, the strategy and technology needed to protect a virtually borderless network look drastically different than those protected by a traditional firewall or legacy network architecture (Static VLANs, ACLs). This is exactly why IT needs to flex its strategic muscles and identify a stronger security approach, one that safeguards the organization with a near impenetrable network that significantly minimizes security risks and reduces exposure.
An end-to-end meshed networking architecture lets organizations quickly and securely enable services across the network anywhere they are consumed (i.e., personal mobile device, Wi-Fi hotspot, corporate campus). This is done through end-to-end network segmentation, which is widely considered to be the holy grail of network security today. Comprised of three core components—hyper-segmentation, native stealth and automated elasticity—this solution ensures organizations have the necessary framework for next-generation cybersecurity defense. By minimizing security risks in this way, organizations can ensure they are maximizing the value of IT. Lay the foundation right first, then focus on business process workflow automation. Doing the opposite or simply ignoring the foundation will cause pain and slow down your business transformation while making it extremely difficult to maximize the benefits of, for example, IOT.
In the end, every important business initiative requires time. Organizations won’t be able to reinvent themselves if their IT department has none to spare.