Technological innovation inevitably leads to the transformation of an industry’s landscape. Such disruptions mean that organizations are faced with two choices – either embrace the change using technological innovation to drive digital transformation, or risk falling behind their competition. CIOs are typically faced with the responsibility for leveraging technological innovation to step up the game for their organization.
Today’s CIOs believe their roles will evolve in the next two to three years, focusing on higher-value activities as a transformational business leader, business revenue driver and digital re-inventor, shifting away from maintenance and management duties. With data and new technology being leveraged to implement meaningful digital transformation through the creation of new tools, solutions and business models, CIOs anticipate a significant increase to their roles as platform builders.
According to research featured in the C-suite study, 77% of organizations classified as Re-inventors (standouts that are exceptionally well aligned), have high revenue growth compared to just 49% of Practitioners and 25% of Aspirationals. 31% of CIOs reported a high degree of urgency to transform.
Due to the rapid evolution of their responsibilities like the need to leverage and integrate new technologies before their competitors do – CIOs may perceive a need to act quickly. These five enterprise technologies are the most urgent areas of need.
- Mobile Technologies and Applications
A crucial area of development for enterprise organizations is mobility. A mobile framework is where many of the leading innovations set to transform business in the coming years, are going to be built. Without this mobile infrastructure – which includes dedicated efforts to build mobile solutions and support app development within a mature, managed mobility network – access to other innovations, including the IoT, will be severely hindered.
CIOs must take measures to build executive support for mobile initiatives while building a technology stack capable of supporting mobile development. Investments in mobility are soaring, but its value and significance to persistent innovation can’t be overstated.
- Cloud Computing
Enterprise organizations need the flexibility and agility that Cloud Computing offers. This technology empowers businesses to support employee collaboration and productivity. In addition, cloud computing provides critical features including increased data security, automatic software updates, control of permissions and improved data recovery services in case of a disaster event. All aspects of an organization benefit from cloud access ranging from IT security to financial aspects. Is your organization ready to leverage transformative cloud-based solutions for a better business edge?
- Internet of Things(IoT)
From the rise of the mobile workforce to the network of devices within a business environment, IoT is improving efficiency and productivity in the workplace. The IoT has grown exponentially in the enterprise world over the past few years.
New data acquisition channels are offered by IoT solutions, which can be used to drive new, powerful insights into what a business is doing right and what it can amend and do better. The connectedness of IoT provides a strong base for organizations struggling to achieve tech-driven unity and collaboration.
- Robotic Process Automation (RPA)
It is critical to implement Robotic Process Automation for organizations seeking to transform at the scale and speed required for enterprise success. Businesses in almost any industry need a growing set of applications for providing critical automation services. RPA is here to rescue them by providing services that quickens time-pulling, high volume processes and reduces the use of employee capital for execution.
Enterprise organizations can keep their development costs under control by implementing RPA. It can also be deployed to service desktop, mobile and cloud environments. Swift positive returns on investment can be achieved by the cost savings and increased productivity.
- AI/Cognitive Computing
More than 50% of CIOs want technologies like AI/Cognitive Computing to enhance forecasting and decision-making capabilities, personalize customer experiences and optimize business processes. From being just a futuristic concept for the past few years, AI is now able to provide solutions for specific, complex problems at the enterprise level. Applied AI solutions are flexing their ability to enhance business operations and power smarter decision making than ever before. This makes AI a crucial tool for CIOs all over the world.
As CIOs incorporate these new technologies into their workplaces, the need to complement new solutions with proper employee education must be remembered. The top two priorities for CIOs in reaction to the changing digital environment are training current talent in emerging technologies and hiring workers with digital skills. CIOs can lead a smooth, streamlined transition to a better way of doing business by implementing new technology innovations and preparing employees to use them properly.
At Triassic, we are pioneers in cutting-edge solutions that leverage technological innovation to drive digital transformation keeping our clients one step ahead. We have expertise in AI, IoT, RPA and Blockchain solutions. If you would like to explore strategies or solutions for implementing technological innovation in your organization, feel free to contact us.