Speed It For Digital Transformation - 1779 Words

Two-speed IT for digital transformation An EY perspective Contents (TBD) Introduction ...........................................................................................................................................2 Approaching digital transformation with two-speed IT†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦ ....................................................................3 CIOs to drive the change ..........................................................................................................................3 Key challenges for CIOs ...........................................................................................................................3 Moving towards two-speed architecture: best practices†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦show more content†¦Today, with the consumers who are perpetually connected to internet and prefer real-time services, businesses need to have shorter time-to-market and provide seamless multichannel experience to allow consumers to shift effortlessly from one channel to another. The businesses also need to rely of big data analytics and automation to serve customers efficiently. Thus, the nature of enterprise IT is driven by business demand to improve core business processes and bring innovation in the way the business is conducted. Changing role of IT in business over the period of time Earlier, enterprises required technology updates which were limited to overhaul of network architecture, hardware, software and data storage. Such IT transformation was common when information technology was more to do only with the computers, software and networks. However, with the increased business emphasis on data collaboration and flexibility, digitization is using cloud, social media and analytics to enable business innovation. The digital transformation is not only enhancing the consumer experience, operational processes and business models, but also changing the company’s underlying IT operating model and processes. Currently installed enterprise architecture is constrained with the ability to respond quickly to the evolving business needs. With the era of digital disruption and tech-savvy