The Future of Business: 5 Ways IT Teams Can Help Unlock the Value of Data

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In the rush towards digital transformation, individual lines of business in organisations, have built up collections of unconnected systems, each generating a diversity of data. While these systems are suitable for rapidly launching services and are aimed at solving individual challenges, digital enterprises will need to take a platform approach to unlock the full value of the data they generate.

Data-driven enterprises can increase revenue and shift to higher margin offerings through personalisation tools, such as recommendation engines and dynamic pricing. Cost cutting can be achieved with predictive maintenance that relies on streaming sensor data integrated with external data sources. Increasingly, advanced organisations will monetise their integrated data by providing insights as a service.

Digital enterprises face new challenges – growing complexity, data explosion, and skills gap.

Here are 5 ways in which IT teams can mitigate these challenges.

  1. Data & AI projects must focus on data access. When the organisation can unify data and transmit it securely wherever it needs to, it will be ready to begin developing applications that utilise machine learning, deep learning, and AI.
  2. Transformation requires a hybrid cloud platform. Hybrid cloud provides the ability to place each workload in an environment that makes the most sense for the business, while still reaping the benefits of a unified platform.
  3. Application modernisation unlocks future value. The importance of delivering better experiences to internal and external stakeholders has not gone down; new experiences need modern applications.
  4. Data management needs to be unified and automated. Digital transformation initiatives result in ever-expanding technology estates and growing volumes of data that cannot be managed with manual processes.
  5. Cyber strategy should be Zero Trust – backed by the right technologies. Organisations have to build Digital Trust with privacy, protection, and compliance at the core. The Zero Trust strategy should be backed by automated identity governance, robust access and management policies, and least privilege.

Read below to find out more.

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