Wednesday, April 01, 2015

Digital Business Era: Stretch Your Boundaries

The digital era not only makes big bets possible but increasingly necessary. The Internet of Things (IoT) is becoming a force that is driving innovation and new opportunities by bringing every object, consumer, and activity into the digital realm. At the same time, leading businesses are making similar changes within their enterprises by digitizing every employee, process, product, and service. This year, we conducted our first Technology Vision survey, polling more than 2,000 business and technology executives across nine countries and 10 industries, in order to understand key technology challenges as well as priority investments. Our survey revealed that 62 percent are investing in digital technologies, and 35 percent are comprehensively investing in digital as part of their overall business strategy.

Taken in aggregate, enterprises find themselves connected to a digital fabric that has the potential to touch all aspects of their business, their customer relationships, and the world around them. Already, this fabric has provided enterprises with an ability to connect and scale up in unprecedented ways. Companies routinely deal with hundreds of business processes, thousands of employees, and millions of consumers. Many large companies are at a scale where they touch billions of lives....

This grand network of connections and its transformational power introduce a new era in the digital age—the age of “digital ecosystems.”

More from TechTrends.

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