The author suggests that IT/OT convergence can enhance decision-making and improve enterprise cohesiveness. Data monetization is seen as a crucial aspect of updating existing architectures. Cloud migration is no longer just a transformation concept but a strategic initiative that aligns with the business model. The article also underscores the role of digital tools in sustainability efforts, such as reducing the carbon footprint of wireless providers and building efficient data centers.
Key takeaways:
- Technology has shifted from being an industry to a function, seeping into every sector and product. This has led to the rise of the Chief Digital Officer (CDO) role, responsible for managing a company's digital strategy and ensuring it remains competitive.
- IT/OT convergence is growing in importance, with organizations layering connectivity and private 5G into their IT/OT integrated frameworks. However, a strong cybersecurity strategy is needed to protect against malware.
- Data strategies are crucial for decision-making and monetization. CDOs must equip their workforce to effectively mine and monetize data, even if data is not a core value proposition for the business.
- Cloud migration is a strategic initiative that aligns with the underlying business model, enabling enterprises to tap into a near-infinite scale of computation and storage. Once transitioned to the cloud, organizations can leverage AI and machine learning to accelerate growth.