Most businesses are trying to achieve digital transformation, but not everyone is going about it the right way. MuleSoft recently surveyed 800 global IT decision makers; 96 percent of respondents are executing on digital transformation initiatives or planning to do so in the near future. However, the results also showed that just 18 percent of IT decision makers are confident that they will succeed in meeting this year’s digital transformation goals.
In this presentation, you will learn:
-How IT can enable opportunities that impact the bottom line
-Steps to digitize data and transform the organization
-How CIOs and IT teams can reconcile existing technology with expectations for digital transformation
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What Going Digital Really Means to IT
1. What going digital really means
to IT
Speakers
Ross Mason, Founder & VP of Product Strategy, MuleSoft
Bill Briggs, Chief Technology Officer, Deloitte Consulting LLP
What Going Digital Really Means to IT
1. Intro of speakers - Moderator
2. Overview of 2016 Connectivity Trends report [Content to leverage]- Ross
3. Transition to Bill - To do this effectively, IT teams need different skillsets, tools and, more importantly, different mindsets. - Ross
4. Changing culture - Different Mindset [Content to leverage] - Bill
5. Different skill sets- Bill
6. Tools (broadly speaking) - - Bill
7. Tools for building application networks - Ross
8. Call to action - Engage Deloitte and MuleSoft to discuss how we can accelerate your progress to a digital business
1. Intro of speakers - Moderator
This is one of our customers, one of the largest CPG companies in the world.
To find out what
IT is under high pressure to deliver on line-of-business initiatives quickly. 57% said expected time to complete LOB projects in 2016 is 6 months or less.
The majority of ITDMs most associate digital transformation with “going paperless.” This won’t help with the threats most businesses face today.
The initiative that ITDMs (42%) least associate with digital transformation is cultural transformation – a component that involves changing the way businesses work, which is especially critical when adopting new digital technologies.
A majority of of ITDMs (65%) believe that IT plays the central role in digital transformation…
… but only 18% are very confident they can achieve this year’s goals.
Digital transformation is not easy for many organizations. Only 5% have completed their company’s digital transformation goals.
A majority (58%) are less than halfway through in terms of progress.
The problem is that if digital transformation doesn’t happen, it will negatively impact revenue. And if revenue is significantly impacted, well….you know the rest of that story.
66% say that their challenges to completing digital transformation, if not resolved, will negatively impact their company’s revenue within 6 months. With the dependence of business revenue on digital transformation success, the stakes are high for IT teams to deliver on their company’s digital transformation goals this year.
With only 5% of companies having completed their digital transformation goals, most IT teams need to figure out how to quickly address their biggest challenges, including business/IT alignment and legacy technologies. With cultural transformation as the action that ITDMs (42 percent) least associate with digital transformation, IT may need to reconsider how they think about IT service delivery to business units and their approach to meeting their company’s digital goals. Perhaps they want to think about a culture shift.
IT is under high pressure to deliver on line-of-business initiatives quickly. 57% said expected time to complete LOB projects in 2016 is 6 months or less.
More than half of ITDMs say that maintaining legacy systems and foundational IT investments was a “very important priority,” which reduces the amount of time they can spend innovating and delivering new products and services.
While a majority of companies say that they are doing digital transformation, the paradox is that most IT teams are executing on incremental business process improvements, rather than focusing more on transformative initiatives that deliver business value, such as creating new sources of revenue.
This paradox ties back to the gap between business priorities and IT investments, highlighted earlier. Successful digital transformation needs alignment between technology investment and business goals.
Most businesses are embarking on digital transformation, but fundamentally misunderstand what digital transformation is.
IT considers itself responsible for digital transformation, but believes it can’t be achieved due to misalignment between IT teams and the rest of the business.
The business wants IT to deliver faster, but IT is bogged down maintaining legacy systems and making small improvements to processes.
What do these winning companies have in common?
They’re not just using software as some back-end support system; they’re driving their business through software, they’re looking at connecting with customers, and lowering their cost of sales, and optimizing revenue and time to market, and lowering the cost to experiment with new ideas – all *primarily* through software, tens and hundreds and sometimes thousands of pieces of software, whether from big packaged apps, or big SaaS providers, or increasingly numerous niche SaaS services (think how Uber is built), or their own custom-coded apps or microservices, and increasingly devices and people too.
Needs some sort of animation: shapeshifting – we talk about agile, changeable, but the visual feels to static and not terribly different from the red-lines slide
Emotional trigger words!