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Speeding Up Decision Velocity In 2024: What You Should Know When Moving To The Cloud

Feb 06, 2024 - forbes.com
The article discusses the predicted rise in the adoption of cloud-based applications by 2024, with 75% of new enterprise software purchases expected to be software-as-a-service investments. The author, Mike Ettling, CEO of Unit4, highlights the benefits of cloud-based applications, including increased decision velocity, consistency in business processes, and organizational culture. He also emphasizes the importance of effective planning for intelligent standardization, data integration, mass personalization, and avoiding organizational complexity when moving to the cloud.

Ettling suggests that CIOs should understand their current IT systems, map out application versions, and understand data structures to plan a path to standardization in the cloud. He also stresses the importance of data integrity and the need for a single view of all data within an organization. Furthermore, he advocates for the use of cloud-based applications to empower employees with personalized user experiences and to reduce organizational complexity. The article concludes by stating that a comprehensive strategy is key to enabling continuous innovation through the cloud.

Key takeaways:

  • Cloud-based applications are predicted to become the majority of new enterprise software purchases by 2024, with a focus on software-as-a-service investments.
  • When moving to the cloud, key areas to focus on include planning for intelligent standardization, achieving a single view through data integration, empowering employees through mass personalization, and avoiding organizational complexity.
  • Effective planning for intelligent standardization involves understanding existing IT systems, mapping out application versions, and understanding how data is structured, stored, and accessed.
  • Empowering employees through mass personalization involves using cloud-based applications to provide more personalized user experiences at scale, using advances in artificial intelligence and automation.
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