27 February 2019, The Lalit, Mumbai
Every enterprise in order to survive and thrive in the digital economy needs to have a well-meshed emerging tech (New Age)strategy. They need to seamlessly integrate the new with the old, and in some cases completely overhaul legacy IT. Emerging tech is the key spoke in the digital hub.
The CIO has to ensure that the emerging tech initiatives have a clear business case – in terms of operational efficiency and/or new revenue opportunities. This may include considering how connected products can be monetized and how the value of data can be leveraged.
More than having a long-term roadmap, experts say that it is more beneficial to take an agile approach, which facilitates rapid cycles of experimentation and evaluation. Many of the organizations are creating cross-functional and multi-disciplinary groups focused on rapidly developing and evaluating prototype products. The main focus of CIOs would be on business outcomes. CIOs would be the crucial catalyst for organizations for capturing and harnessing the potential of emerging tech. They should ideally have the following priorities:
Clearly, adopting emerging tech is the next step in IT evolution. It brings people, machines, data, and organizations together in a large ecosystem. CIOs need to play a significant role in enabling emerging tech in their organization with advanced support, equipment, infrastructure and skill sets. Emerging tech is reshaping enterprise IT, requiring CIOs to be more visionary, more collaborative and more business-minded.
focussed on practical applications of new age technology
with hands-on experience of technology implementations
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