Geopolitical factors are forcing organizations to take a different approach to supply chain and global operations.
Socio-economic trends are giving rise to new generations of consumers with different expectations.
Technology trends continue to accelerate and create opportunities to be more competitive.
Furthermore, the last two and a half years have transformed work and the way people approach it, as all these factors come together.
Over time, a real upheaval has occurred.
Looking back, we find it hard to recognize the way we did business before.
For business leaders, managing the pace of change is the greatest challenge of our time.
It's hard to do things right.
What these challenges and leveraging them have in common is how companies can digitize and operate in new ways to be more responsive to market changes, more nimble in shifting priorities, and more focused on the experience they offer to their employees and customers.
This raises a question.
If you had to choose between overestimating the short-term impact of technological change and underestimating the long-term transformation, which would you choose?
I think most of us would err on the side of caution, overestimating the rate of change over the next two years and continuing to overestimate it every day for the next ten years.
Modern business leaders don't have time to indulge in uncertainty.
The key to thriving in the midst of constant technological change is to build and adopt systems that facilitate flexibility.
All these changes are an invitation to innovate.
Every business today is a technology business and needs to think with a digital mindset to stay ahead of the market and beat the competition.
Digital first is about using technology capabilities and automation to scale and adapt faster to change to better serve your people, customers, and ecosystem.
The past few years have shown us that digital transformation can be incredibly fast.
During the COVID 19 pandemic, we have seen businesses thrive on their ability to adapt to new market realities.
History has shown us that disruptive technologies can dramatically change the market landscape for businesses in almost any industry.
With digital transformation plans, business leaders don't have to sit idly by when new entrants disrupt their business, or new external forces in labor markets, pandemics, or anything else threatens business. future of business.
At BMC, we have a vision of the company of the future, a company that is constantly evolving to adapt to an ever-changing world.
We call it the Autonomous Digital Enterprise, or ADE.
ADE is a company that can identify and exploit new opportunities by leveraging technology to deploy automation everywhere, deliver experiences, leverage adaptive cybersecurity, and extend agile software development principles known as DevOps to other organizational functions.
An ADE operates with agility, leverages knowledge, and is customer-centric.
It delivers faster, better innovation to customers and the wider ecosystem to accelerate growth.
Living our vision
Businesses must adapt to rapid changes in digital technology, products and services, as well as changes in customer expectations and increased global competition.
Although innovation is often seen as a budget luxury, it can provide opportunities for growth.
Innovation must become a general mindset and be integrated into everything the company does, which requires a cultural change enabled by technology.
To stay agile and reinvent their businesses, companies need to embrace this approach to innovation.
The company that speaks positions itself as being on the path of innovation and is ready to help
other companies to meet the challenges of the moment thanks to its past experience of working with major global brands.
Current challenges relate to changes in the nature of work, demand for seamless technology interfaces, turbulent market conditions, inflationary pressures and supply chain disruptions.
But being an agile company means being able to adapt quickly to new pressures in the future.
How can we put ADE concepts into practice for our clients?
Data is the lifeblood of any successful business.
A data-driven business is always learning – and a data-driven mindset and analytical capabilities are the building blocks for enabling technology and realizing the value of data.
By collecting, protecting, analyzing and applying data from traditional and newer sources, such as social media and Internet of Things (IoT) devices, companies can use this data to gain valuable insights for the business that support growth opportunities or customer experiences.
Data, collected and curated across the enterprise, can be analyzed and distilled into actionable insights, enabling organizations to adapt quickly and effectively.
And just as important, insights can also reveal the blank space for businesses to grow and anticipate customer needs.
An ADE leverages data across the entire value system and creates opportunities for process, product and sales optimization, marketing solutions, risk prevention and adaptation in the future, creating new customers and even new markets.
Manage change
We are currently on the cusp of major shifts in the markets as several foundational technologies such as 5G and AI enter the mainstream.
Many companies today have whole sections of their technology stack that are isolated and siloed.
However, in the years to come, enterprises will generate new value by leveraging the benefits of combined technologies across their entire stack, from mainframe to IoT and edge computing.
It will happen the same way the synergy between PCs and the internet nearly 30 years ago spread to all kinds of connected devices.
The critical question for IT leaders and senior management is how to coordinate data pipelines across the organization to generate actionable insights, stay agile and adaptable, and automate routine tasks.
Anything they can do to encourage diverse thinking and adopting calculated risk-taking will help the company's future.
Disruption is everywhere and technology can free people to invent and create.
Ayman Sayed, President and CEO of BMC Software
