This is a summary of a post published by CIO.com. Read the full article here.
Digital disruption is everywhere. We see it in retail with big players like Amazon, the transportation industry with applications like Uber and Lyft, and AirBnB in hospitality. The world around us is changing and going digital.This worries many leaders in at-risk industries — because the traditional good or service they offer may eventually become obsolete.
What’s hotter than a fresh order of McDonald’s fries? McDonald’s stock price. After years of middling performance, the fast food giant’s shares are up nearly 27% and its $180 per share target price is the highest on Wall Street. What’s the reason? Digital transformation. The digital innovations that McDonald’s is bringing to their restaurants are disrupting the fast food burger industry and changing how a fast food restaurant is perceived.
McDonald’s set out to implement digital innovation in its business model;
Many organizations are facing a digital transformation imperative. Digital transformation elicits varying definitions. In short, it can be defined as an ongoing process in which organizations adapt to or drive disruptive positive changes and experiences for their customers and markets by leveraging digital technologies.
2016 has finally come to an end, and that means an opportunity for your IT teams to start fresh and do great things for the business in 2017. But where’s the best place to start? Here are our top 7 r resolutions for your teams to consider in the upcoming year.
High profile security breaches this year highlighted just how important security practices are when doing business.
When we hear the word “disruption” we usually think of start-ups taking over a particular space through an innovative approach. Instead of renting an expensive hotel room or car, start-up companies utilize the power of the shared economy and built apps for us to save money and access those resources on demand. Another example can be with music. No longer do we buy music and deal with storage. Instead, streaming music is easy, painless, and we can use our storage for other apps and files.
Everybody wants to transform digitally. Our recent survey showed that 96% of businesses are either executing digital transformation initiatives or are planning to start them soon. This is ideal for companies that are looking to improve their processes, delight their customers and stakeholders, and bring new products and services to market to keep ahead of digital disruption.
The problem, however, is that most businesses misunderstand what digital transformation actually is.
96 percent of businesses are either undergoing some kind of digital transformation strategy or plan to in the near future. Those are the results of a recent survey we conducted; just about every business is trying to get a handle on how to cope with new channels, new methods of engagement, and ubiquitous connectivity. The reason is clear; nearly three quarters of IT decision makers surveyed said that if digital transformation initiatives weren’t completed,
There are very few industries that aren’t going through digital disruption right now, but perhaps one of the most profoundly affected by the digital revolution is the retail industry.
In MuleSoft’s recent Connectivity Benchmark Report, fully 100% of retailers surveyed said they were embarking on digital transformation activities. This is because there is a sea change right now in how people shop. Australian publication iStart highlighted that there had been a 50 percent decline in visits to physical stores over the Christmas shopping period over the last five years,
When business leaders think about their organization’s data, they might think about records kept in on-premises systems or even in cloud applications, but they generally think of that data as very much inside the business. But what if those data assets could be reimagined and repackaged as a complete service and then exposed, inside and outside the business, through APIs? Now enterprise data not only has the possibility to spur growth but also provide new revenue streams for the business.
