On 24 November 2021, 10 IT leaders from multiple industries virtually debated and discussed digital transformation needs in a simulative environment. Ashish Patel, Enterprise Solutions Architect, Amazon Web Services (AWS), Jitender Durairajan, Head-Cloud Engineering & Solutions, Sify Technologies, and Shalil Gupta, CBO, Mosaic Digital, An HT Media Group company, led the session.
Business transformation is achieving escape velocity – rapidly transforming customer and stakeholder experiences. At the same time, enterprises are combating the debilitating effects of the pandemic. Accelerated digital transformation is imminent and essential to enable these business changes. Rapid changes in consumption and work patterns have heightened the need to transform verticals, processes, operations, and leadership. Intuitive digital ecosystems and agile platforms will soon be the cornerstone, enabled and aided by Cloud & AI.
Have a look at some of the key findings by top industry leaders to formulate successful transformation, deliver maximum value & assist in gaining geometric growth in success metrics. Also, learn how proactive & pre-emptive transformation planning against challenges could cut across business functions and chart cognizant long-term synergies at the right time & the right place.
- Transformation blueprint—Identify the data sources, organize data, clean it up, put the taxonomy in place, then use ML to start predicting trends and then build prescriptive models using AI, and from there go for real-time judgments & decision making.
- The starting point is to create a vision and single source of truth.
- Cloud is a very critical entity from an infrastructure provisioning perspective. It helps to get the right kind of services, create the integrated data platform/data lake, and provide services that create and extract insights from those data like data pipelines.
- Data (be it about a product or competitive industry) is directly proportional to decision-making in terms of the customer’s thought process.
- Apart from the data, workforce productivity is another important consideration. Why? Because workforce style has changed towards hybrid models.
- World change, workplace change, and workforce change. These 3Ws—Work, Workforce, and Workplace create a mesh of networks that need rework towards heightening of microservices across the value chain.
- Supply Chain and Operations are two areas that need paramount attention. They assist in precise resource utilization, identifying the gaps, and identifying processes that need a relook. Overall, these areas help in identifying deficiency.
- New meaning of resiliency—It isn't just about products, supply chain, and operations; it is about revenue resiliency.
- Cloud migration aspiration—to have phenomenal growth and data visualization capabilities for real-time decision making
- 8 Principals of a journey to consider when shifting company to cloud-native operating model—Compliance, Center of Excellence, Visibility, Value-Creation (both short-term & long-term), Application Portfolio Management approach, Business Case that Cloud Strategy will resolve, Customer Satisfaction, and Outcome.
- 6 phases to tailor successful cloud transformation journey— Discovery, Expert Assessment, Business Case Propositioning, Precision Migration, Future-Proofing, and Optimization.
- Business benefits & value propositions of cloud adoption— agility, business continuity, high availability, reliability, data portability, cost-efficiency, speed, and operational resilience.
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