Business Disruption: Prepared for a High-Tech Future?
Business disruption is fueled by the latest wave of technology, such as advances in artificial intelligence, data analytics, robotics, and the Internet of Things (IoT). Today, the prevailing business models in every industry are drastically changing. Therefore, IT leaders must evaluate the use of technological, political, economic, and environmental factors to identify relevant accelerators. In this article at CMSWire, David Roe explains what enterprises must do to offset future technology disruption.
How to Prepare for Business Disruption
“To succeed in a disruptive future, enterprises must continuously scan and respond to disruptions that will impact or threaten to protect the company’s place in the markets where they have chosen to compete,” says Roe. So, how can organizations thrive through business disruption?
Focus on Growth Opportunities
As a business leader, proactively invest in innovation and new business models. Furthermore, embrace digital change to expand beyond geographical and industry boundaries. Identify development opportunities to offer an exceptional customer experience.
Embrace Data Analytics to Thrive Business Disruption
Use sophisticated analytics software to leverage customer data. Several enterprises use data analytics to support innovation and strategic decision-making. Studies indicate that usage of deep analysis has helped them outperform their competitors.
Establish a Future-Proofed Digital Investment Strategy
A thoughtful, structured investment strategy will help you ensure that innovative ideas are not overlooked. Be pragmatic about investing in change and ensure that your investment will generate good returns in future years. Experts believe that when you invest in the right digital technology and talent, the rewards from digital disruption can be limitless for your enterprise.
Define New Ways of Working
Rethink how IT, marketing, and finance work together. Assemble teams that can combine skills in business strategy, consumer experience, and advanced software development. Alongside the coders include creative designers, finance experts, and data analysts at every level of the hierarchy. This will help you make technological and design decisions that sync with larger business strategies.
To read the original article, click on https://www.cmswire.com/digital-workplace/what-should-enterprises-do-to-offset-future-technology-disruption/.
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