Cloud the path for digital transformation
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Organizations must rapidly adapt their digital business strategies to remain competitive in the evolving landscape, driven by increased remote working and the demands of Industry 4.0. Successful digital transformation requires optimizing existing business models while gradually implementing new technologies and architectures, focusing on a well-defined digital ambition. By leveraging cloud solutions and adaptive or disruptive business models, enterprises can enhance their value chains and drive innovation in response to market challenges.
Cloud the path for digital transformation
- 1. Cloud The way to Transform Digital Accelerate your Digital Business strategy before its too late !
- 2. •In the current disruptive era & changing world Organisations must react quickly to digital business opportunities to stay relavant in their space/industry. •Irrespective of the industry there’s a definite need for transformation in the way we work & live and it demands a high level level of agility that is difficult for IT & Business leaders to provide in on-premises data centers. What's the driving force ?
- 3. What calls for a change ? •Ability to respond to the digital business opportunities. •Due to increase in trend of remote working, contact less business & increase in pace of Industry 4.0 high traffic volumes are being generated through Digital channels, which infrastructure and operations leaders struggle to accommodate in legacy environments. •Change in human behaviour during this pandemic which demands for evolution of new business models or optimization of exisiting business models to kicks technology changes.
- 4. Three pillars that defines the success of your digital transformation Business Transformation Revamped business & IT models that sets the foundation for a completely new,roboust digital business model. Digital Optimization Culture of Innovation Optimize the existing business models ,process and Customer expereince. Optimize first and transform gradually. Embracing Cloud First delivery for new workloads and replacing retiring workloads with Saas alternatives.
- 5. • The path to becoming a digital business involves both operating model changes and business model changes. •Organizations should drive the transformation goals leveraging both adaptaive and distruptive business models as optimization and transformation are like engine and wheel of car , adaptative model is to mitigate the change impact and distuptive is to fight the market distruption. Business Transformation Transform your business & Operating model.
- 6. Optimization of Existing Business Models •A well defined digital optimization strategy will help to enhance your business value chain and can also result in improved revenue generation and create new revenue streams through enhanced customer expereinces. •Architectural trends like Mesh App Service Architecture, API Ecosytem/platform , Event driven architecures/Serverless & Microserices Architectures are helping for optimizing the exisiting business models without much distruption or change. Modernize - Adopt a next-gen Architecture ! Mesh-App Serverless Microservices API Platform
- 7. •Determining the right mix between optimization and transformation — referred to as an enterprise's digital ambition — is an important step on the journey to becoming a successful digital business. •This mix can also change over time. For example, an enterprise may initially focus primarily on optimization and gradually increase its transformation activities to exploit opportunities that arise as the industry in which it operates evolves. Regardless of the mix, a clearly defined digital ambition will provide direction and focus for the scope of work and roadmap required to become a digital business. What's your enterprise's Digital ambition?
- 8. Support #1 Support #2 Support #3 List the benefits / outcomes that fill the current gap in the market. List the benefits / outcomes that fill the current gap in the market. List the benefits / outcomes that fill the current gap in the market. April / 2021 Business Value Chain - Transformaton & Optimization
- 9. Here's some of the case studies of enterprises we worked during the pandameic to enable digital business leveraging cloud ! How did a leading BFSI organization leveraged cloud & digital technologies to moderinze the exisiting buisness model ? How one of the Big4 leveraged cloud for building a cloud-native platform on cloud which transformed their taxation BU ? India's leading Oil & Gas corporation has driven innovation by building Conversational AI BOT leveraging AWS Cloud. Case Study - Digital Optimization Case Study -Business Transformation Case Study - Innovation with cloud
- 10. •The digital business continues to present threats and opportunities to enterprises of all sizes across every industry and region. Business leaders recognize the potential impact of digital business and should responding by defining a digital ambition. • Strategy and culture remain key to becoming a digital business. they also need to be supported by changes to the enterprise operating model. •The threat of disruption is an ongoing worry for all enterprises, but it can also be a source of opportunity, disruption can be used to create a sense of urgency around digital initiatives to drive progress. Optimize first and Transform gradually!
- 11. Shankar TR Chief Officer - Growth & Startegy shankar@minfytech.com www.minfytech.com Thank you •Adaptive models are focused on allowing business ecosystems to work together more seamlessly and transparently. Hence, they typically extend or enhance existing business ecosystems. •Disruptive models harness the scale and creativity of a potentially vast business ecosystem, often leading to the disruption of existing markets or the creation of new markets. On both the sceranios cloud is the way to go! Looking to build a cloud-first strategy? Reach Out