Strategic advice to leverage new technologies
Technology is at the heart of nearly every enterprise, enabling new business models and strategies, and serving as the catalyst to industry convergence. Leveraging the right technology can improve business outcomes, providing intelligence and insights that help you make more informed and accurate decisions. From finding patterns in data through data science, to curating relevant insights with data analytics, to the predictive abilities and innumerable applications of AI, to solving challenging business problems with ML, NLP, and knowledge graphs, technology has brought decision-making to a more intelligent level. Keep pace with the technology trends, opportunities, applications, and real-world use cases that will move your organization closer to its transformation and business goals.
Recently Published
As the technology develops, digital twins could give rise to a new era of predictive medicine by giving clinicians a way to simulate the outcomes of possible interventions and create detailed plans for complex surgeries. This Advisor explores the potential of digital twin technology in the healthcare industry.
In this issue, we closely examine the benefits and challenges associated with LC/NC and citizen development. Opinions vary somewhat, but the authors agree that as digital transformation becomes a requisite to compete, the focus must be less on how software development approaches clash and more on how they could (and should) coexist.
Dave Garrett and Ian Duncan offer a robust framework from PMI regarding citizen development (CD), which aims to help companies build business apps, build capability, support CD, and scale across the organization. The authors also review the benefits of CD, with separate categories for organizations, IT, and individuals. Finally, they provide three case studies showing a problem, a solution, and an outcome from real-world CD projects.
Jacek Chmiel provides a reality check on citizen development, pointing out that rather than digital natives, it’s digital-era employees who have the most to gain from digital transformation technology, often starting with no code and moving into the low-code environment of their choice. Chmiel suggests two solutions to the issue of poor flexibility in these platforms: having deep knowledge of the platform and/or augmenting with hard-core code. He also tackles the issues of IT security and vendor lock-in and then looks at the future of low-code.
Ronan Hughes says low-code/no-code can be viewed as a low-risk/no-regrets approach to organizational transformation. He describes how citizen development (CD) can improve IT delivery and speed strategic development and operations and then goes into detail about the opportunities CD offers to the business, IT, and combined business/IT applications.
Noel Carroll et al. outline several digital transformation challenges, illustrate how citizen development addresses them, and offer seven recommendations for those planning such an initiative.
Here in Part IV of this Executive Update series, we examine findings pertaining to the benefits organizations seek to obtain from implementing IPA technologies and practices.
In this Executive Update, we consider the elements of failure and examine portfolio management as both an extension of strategy and an ongoing journey. Finally, we illustrate a roadmap and framework to get you on the right path.