Emerging technologies may have an immense potential to transform the infrastructure, help organizations streamline processes, increase efficiency and productivity. But they may not always be the best option for every organization. Hence, organizations should thoroughly assess the technology at their disposal before incorporating them, while adopting an agile approach.
Often IT leaders consider emerging technologies as a catch-all term that they can use for advancement, having the potential to drive innovation or disrupt industries. However, with the growing uncertainty and fast pace of today’s IT environment, CIOs and tech leaders today view emerging technologies as part of the evolution of the IT ecosystem.
The pandemic has significantly reduced the span of digital strategy adoption from a couple of years to mere months. With organizations understanding the criticality to keep up with the ongoing technological trends, their risk appetite has surged, allowing room for experimentation. But, capitalizing on emerging technologies requires organizations to rethink how they integrate them into their existing infrastructure.
Before integrating any new technology, organizations should identify what issues they want the solution to address. CIOs should make decisions about what technologies they should keep, what to scale and what to let go of.
While incorporating an emerging technology to simplify or enhance the IT infrastructure seems appealing, it may not always be the right solution if the technology has not matured to the extent of mass adoption. Also, it can also take up a considerable amount of time for CIOs as they often need to educate and provide governance for technology solutions across the enterprise, even if they are implemented outside of the IT department. Moreover, hiring qualified IT professionals who can take on the challenges of effectively integrating technology into the infrastructure is still a challenge.
CIOs and IT leaders should create or incorporate agile-driven strategies that will help them achieve success with emerging technologies. Here are a few best practices that CIOs can incorporate to adopt an agile approach:
Monitor the maturity and feasibility of the technology
The IT landscape has witnessed a fundamental shift in its ecosystems with the emergence of disruptive technologies. They made it necessary to continuously monitor the maturity of emerging technologies and the feasibility of the present ones.
This will enable leaders to choose proper technologies funds in resourcing internally or in partnership while reaping the benefits of exponential growth without losing the option to advance the technology further. While doing this, it is crucial that the board of directors ensures how the firm can adapt to the new ways of working while finding ways to bring out the best digital transformation.
Commit to incorporate latest innovations
There is no doubt that the processes of digital modernization should aim to minimize business disruption. However, it is also critical that the steps they are taking to abandon legacy systems while switching over to modern applications are committed to allowing for rapid integration of the best available technology solutions. For CIOs, it is crucial to find out which solutions will remain part of sustainable growth and which ones are not. Ruthlessly abandoning the least important while aggressively incorporating the new platforms will provide an evolutionary path for progress.
Concentrate on data
Organizations need to create a strategy that will enable them to leverage their environment data to extract actionable insights. Fortunately, today’s advanced technological solution allows this entire data-driven ecosystem. It is the responsibility of CIOs to govern as well as guide the implementation of cognitive business computing that helps businesses to sense the change and analyze its impact while simultaneously proposing actions.