We’re all participants in a global economy that’s not only interconnected, but increasingly intelligent as well. Cross-border commerce, logistics and finance — all previously discrete functions — often now take place through seamless digital networks. Their convergence has ushered in an intelligent economy, where cloud-based cognitive technologies shed light on opportunities to unlock value that never would have been possible.
The platforms that rely on digitised information have simplified communication and commerce and brought us where we are today: the intelligent enterprise. Everyone is embracing predictive analytics to extend their capabilities. Industry, of course, is no exception. To draw insights from the vast troves of data they accumulate, businesses are turning to artificial intelligence and other cloud-based technologies and unleashing tremendous value in the process. As the intelligent economy takes shape around us, the intelligent enterprise has emerged as its engine, turbocharging growth, fueling collaboration and accelerating innovation.
All organizations work to specific outcomes, and they juggle several business metrics and processes to achieve this, such as revenue, costs, time to market, process accuracy, and efficiency. Yet they have limited resources (money, time, people, and other assets). So, the problem boils down to making good decisions about resource allocation (what kind of resources, how many/much of them, what should they do, what capabilities do they need, etc.), and making those good decisions faster than competitors and faster than the market is changing.
With the advent of cloud-based technologies, aided by cognitive technologies, digital networks are giving rise to the intelligent enterprise, where data-driven insights equip businesses to predict not only what their customers want, but also how they want it delivered and when they need it to arrive.
Improved Efficiency
Digital transformation certainly helps in improving the efficiency of business operations. The DX journey could save businesses that are stuck with outdated legacy systems and infrastructure. By automating business operations and resolving the technology bottlenecks, digital adoption offers greater flexibility and efficiency to enterprise applications.
Assured Business Continuity
Business continuity is often mistaken for disaster recovery. Still, businesses have to prepare for the other unknown with a well-thought-out strategy that keeps a business in line with continuous, ongoing change. Cloud services saved hundreds of companies allowing them to store, access securely, and transfer data without any delays during the COVID-19 climate.
Enhanced Profitability
Migrating enterprise applications from on-premise to the cloud server eliminates the need for in-house architecture. Plus, integrating all the stand alone systems saves a huge amount of operational and infrastructural costs. Besides, leveraging Power BI like intelligent analytics and BI software can give a 360-degree view of what’s happening across the organization and empower you to make quick decisions on the go.
Improved Business Agility
Recent research states that 65% of businesses will aggressively replace their legacy systems with a more agile, scalable platform that compliments the ever-changing technology stack and customer requirements. Digital transformation is seeing the light of day in all industries focusing on customer-centric innovation while future-proofing their IT investments.
