We are now living in the Hyper-Connected World where People to People, People to Things and Things to Things are connected because of advancement in Mobile, Long Term Evolution (LTE), IPV6, M2M Communication, and Social Networks. Hyperconnectivity has forced people to adapt to a Digital Lifestyle and also gives life to inanimate things such as car, machines, equipment, etc.
Today’s Digital lifestyle
- idea to action in minutes
- Anywhere anytime contextual services/information
- Purchase decisions based on online research
- Real-time engagement
Life to inanimate things
A major disruption enabling inanimate things like cars, equipment, machines, etc to communicate with each other through sensors and networks through:
- Sensors enabling inanimate things to sense
- Embedded software enabling inanimate things to become intelligent
- Wireless communication enabling inanimate things to communicate with each other
- Predictive analytics software enabling inanimate things to see the future.
Traditional Enterprises whose business models, business processes, business operations, etc are built many years back, fail to meet the needs of the hyper-connected world. It is estimated that 40-50% of the traditional enterprises will sunset in the next 5 years, leading traditional enterprises needs to transform themselves into Digital Enterprises. This transformation requires positive disruptions in the business model, business value chain, business operating Model and business metrics.
The existing Applications/ IT Infrastructure are built only to support traditional enterprises. Hence, Digital Enterprise transformation also requires a positive disruption IT strategy, IT architecture, IT Infrastructure and IT Application portfolio of an organization.
This will happen only when these enterprises leverage the power of convergence of technologies like Networks, Mobility, Analytics, Cloud, Security, Social Computing and Sensors. These technologies dramatically impact the business processes and hence the business operations.
In the next 3 – 5 years almost every key industry would become digital and we will see the emergence of Digital Telcos, Digital Retail, Digital Manufacturing, Digital Automotive, Digital Healthcare, Digital Energy, Digital Logistics, Digital Banks, Digital CPG, etc.