This vendor-written piece has been edited by Executive Networks Media to eliminate product promotion, but readers should note it will likely favour the submitter's approach.
Did you know that 70 percent of the companies that were once on the Fortune 1000 list in 2003 have now vanished? In fact, analysts predict that over the next three years, at least one-third of the top 20 companies in every industry will be equally disrupted if they do not move fast enough.
So what is the cause of this disruptive trend?
According to our 2016 Global C-Suite study, 77 percent of the CIOs interviewed, attribute this disruption to the influence of new technologies. While they believe mobile solutions, cloud computing and the Internet of Things will continue to have the most significant impact on their organisations over the next three to five years, over 60 percent of them think cognitive computing could revolutionise businesses as well.
As we enter into the cognitive era, an era where systems have the ability to learn at scale, reason with purpose, and interact naturally with people, companies are beginning to realise that they are merely scratching the surface of what cloud can do if they deploy cloud in their business to solely save money.
Previously, companies merely looked to the cloud as a means of reducing infrastructure costs and to achieve operational efficiencies. This allowed companies to channel and spend more time on value-added activities such as strategy and innovation while saving money, instead of commoditised activities. In other words, employees no longer needed to spend as much time on IT maintenance.
Today however, the role of the cloud is changing, and rapidly so. Companies are starting to explore ways to use the cloud in truly disruptive ways to drive innovation and growth, break into new markets or create new revenue streams.
Here are three guiding principles that you can follow to become a cloud leader in a cognitive world:
1. Firstly, you need a broad catalogue of robust services that allows you to create cloud native apps quickly in the cloud.
We all know speed is of the essence and time means money.
The introduction of cloud computing provides new tools and techniques to reduce the time a developer needs to go from idea to application. What used to take weeks or months, can now be done in days or even hours!
Shortened development time is made possible because the "as-a-service" model has simplified developers' workload and facilitated a transformation in DevOps using the cloud. Infrastructure-as-a-Service (IaaS) reduces the effort and time required to provision and manage hardware while Platform-as-a-Service (PaaS) reduces the effort needed to manage the various middleware from databases to APIs to services. Lastly, Software-as-a-Service (SaaS) gives end users access to business applications hosted and maintained by the vendor.
Sign up for Computerworld eNewsletters.