|By Kevin Benedict||
|April 3, 2014 05:00 PM EDT||
I see the following weekly:
- Outdated technology stalls company's growth
- Outdated technology kills future potential
- Outdated technology limits and prevents adjustments to business models
- Past IT investments never achieved predicted ROIs so future investments denied
Today more than ever a company's ability to compete and be successful is dependent on technology. Technology evolves so rapidly every company should have a dedicated team studying emerging technologies and their potential impact on their industry, market and company. IDC and Cognizant are now identifying a third platform of computing emerging. It follows the platforms of mainframes and client/servers.
The third platform of computing is made up of four evolving technologies that have combined:
- Big data
CIO magazine's managing editor Kim S. Nash writes in the March 28, 2014 edition, "Some of the most effective competitive moves happening today in social, mobile, analytics and cloud technologies weren't on anyone's threat horizon until recently." Nash is emphasizing the incredible speed in which these changes are happening and impacting the IT environment. And as we know whatever impacts the market impacts the IT environment and the business.
In my last meeting with Forrester VP John McCarthy in London he stated, "Enterprise Mobility will be as transformative as the introduction of ERPs." That is a bold prediction and one that many CEOs/CIOs are not yet tuned into.
I work with strategy groups in large enterprises around the world, and I must say most do not realize the speed at which digital transformations are happening around them. They feel they can delay budgeting significant IT transformation projects another few years. They think they can maintain a slow iterative pace. My response, "If a company does not keep up with technology at the same pace at which their customers are adopting the technology, they are losing the race and opening up opportunities for competitors."
Salesforce.com's President Keith Block predicted this week that they will be bigger than SAP. He might be right. The market is evolving and adopting cloud services that fast.
Download Cognizant's free Code Halo app for iPads here - https://itunes.apple.com/us/app/code-halos/id752380930?mt=8&ign-mpt=uo%3D4 and learn how Code Halo strategies are changing the rules of business.
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