By now it’s no surprise that most every business must become a digital business – a sentiment reflected in the Digital Transformation Index we released last year. It’s long been my view that in leading businesses, IT will move from supporting the business to becoming the business – which means there is no digital transformation without an underlying IT Transformation. This begs the question: where do IT shops around the world stand in making progress on this front?
The importance of data has changed. As the volume, variety and velocity of the data grew over the past few years, the data has been transformed to provide organizations a broader, more granular and more real-time range of customer, product, operational and market interactions. Today, business leaders see data as a monetization opportunity, and their organizations are embracing data and analytics as the intellectual capital of the modern organization.
The Internet of Things is accelerating this drive towards “data monetization.” However organizations are quickly learning that you don’t necessary monetize the data as much as you monetize the customer, product, and operational insights derived from the data to create new revenue opportunities: new products, new services, new channels, new markets and new partnerships (see Figure 1).
The federal government has recognized the need to modernize its IT infrastructure as a critical priority. Legacy technology monopolizes between 70 and 80 percent of federal IT budgets annually, and reports have revealed certain agencies are using systems that are upwards of 50 years old. Agencies are in need of strategic options for efficiently and effectively adopting solutions that can support a true digital transformation of today’s government systems.
In many cases, software-defined data centers (SDDCs) provide an ideal solution. With more data now available from sensors and connected devices to inform them, software-defined environments put agency leaders in the best position to support their missions. When made readily accessible through a software-defined environment, the vast amount of data stemming from a digital government can be leveraged to better meet citizen and federal employee needs, as well as save taxpayer money. The move toward SDDCs can help government recognize and garner the value of data gathered through digital transformation technologies like the Internet of Things, accelerating government’s digital voyage.
While traditional manufacturing in the U.S. has certainly had to contend with ups and downs over the last few decades, the good news is that the modern industry is alive, well and kicking. In fact, right now, it is driving a huge innovation revolution across the U.S. This was the strong, take-away message to policy makers and elected officials from the National Association of Manufacturers (NAM) at the start of its annual tour last week in Round Rock, Texas.
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