Future systems are limitless, adaptable and essentially human business systems that are capable of continuously scaling technology and making organizations strategically agile.
Nowadays, companies spend a great deal of money on technology. But most of them don't know all the advantages they could have. A few technical giants, however, have bridged the gap and are doubling the rise in revenue.
In the next three to five years, companies will have to adopt technology progressively and aggressively, thereby reinvesting more frequently or losing significant revenue growth.
Today's C-suite is embracing technology that spawns new capabilities and applications under tremendous pressure to deliver development. But many are also struggling to scale up business-wide innovation.
It generates what we term the gap in the achievement of innovation: the difference between investment in technological innovation and realized value.
It is difficult to capture value in part because the traditional "stack" of IT was not designed for today's world of analytics, sensors, mobile computing, artificial intelligence applications, the Internet of Things (IoT), and billions of devices, spanning software applications, hardware, telecommunications, facilities and data centres. Nor was it designed to adapt, whatever that may be, to the world of tomorrow.
But it's not the case that digital indigenous businesses close their gaps in value accomplishment, whereas legacy businesses are not.
Fundamentally, leaders agree that while businesses and their ecosystems can shape cooperative alliances, humans and machines can bring out the best in each other. This is one reason why they are inspired to construct future systems that are boundaryless, adaptable and radically human, which are defined in the study as follows:
Boundaryless: Boundaryless systems take advantage of blurring borders to create new spaces where innovations and alliances thrive within the IT stack, between businesses, and between humans and machines.
Adaptable: Adaptable systems learn, strengthen and adapt on their own, removing, exponentially faster, the friction that hinders business development and motivating people to make better choices.
Radically Human: Radically human devices, just as we do, speak, listen, see and understand, adding elegant simplicity to any interaction between man and machine and creating the advantage of tomorrow.
1. Recognize details both as an advantage and as a liability
Leaders ensure the quality of data, develop security mechanisms that predict risks, and establish ethically responsible data and AI management systems. This provides a virtuous data production and consumption loop because the quality is indeed rising.
Similarly, to reduce the possibility of adverse effects on corporate performance, brand credibility and regulatory enforcement, the AI handling of company data must gain the faith and trust of the individuals who use it.
2. Explore new methods to cultivate talent
One of the greatest challenges to developing the vast, scalable, human-centric structures required for success is a workforce submerged in yesterday's technologies.
Survey respondents conclude that 52 percent of the skills of their IT workforce and almost half (47 percent) of the skills of their non-IT workforce will be obsolete in three years without any retraining.
Leaders also ensure that their talent is not afraid of experimenting and introducing essential components of learning and growing non-traditional ideas.
3. Adopting technologies that make it fast and scalable for the company
Leaders are shifting to decoupled information, infrastructure and apps that allow greater versatility and a faster-moving IT culture.
While leaders prefer versatile, consistent and scalable architectures that are capable of adapting to consumer demands, such as seamless customer payments, it is difficult for Laggards to step away from rigid IT architectures that make them unable to optimize innovation investments and susceptible to system-wide outages.
4. Ground yourself in cloud computing
For Future Systems, cloud computing is important because it allows businesses to use other technology, including AI and analytics, effectively. As such, the cloud is viewed by leaders as a catalyst for innovation.
5. Manage investments in technology well throughout the organization
By breaking down barriers between IT and other agencies, leaders work for business alignment. They have set up centres of innovation, establishing pipelines for the transfer of innovation. For example, they could consider how changes might be used to forecast and pre-empt employee turnover in machine-learning-driven sales and customer relationship technology.