Welcome!

FinTech Journal Authors: Yeshim Deniz, Pat Romanski, Liz McMillan, Zakia Bouachraoui, Elizabeth White

Related Topics: FinTech Journal, @CloudExpo, @DXWorldExpo, @ThingsExpo

FinTech Journal: Blog Feed Post

Taming the Digital Dragon | @CloudExpo #IoT #BigData #DigitalTransformation

The demand for implementation of new digital capabilities will mean a large & sustained market for digital transformation skills

Enterprise Cloud - Taming the Digital Dragon
By Neil McEvoy

Hybrid Cloud - The Third Platform
In their 2014 CIO Agenda report Gartner describe how Taming the Digital Dragon is key to Digital Transformation strategies, with the Hybrid Cloud Platform model as the enabling technology blueprint AND business model.

As their ‘We are here' arrow describes Gartner propose we are at the transition point from a second to a third generation of IT, the shift from IT industrialization to Digitization, where the key skills of a CIO are business models and digital leadership, rather than just IT service management aka a shift from the CIO to the CDO - Chief Digital Officer.

This corresponds with the view of Mike Rosen of IDC, who describes Platforms as a third generation.

As Gartner conclude:

"CIOs now face the challenge of straddling the second era of enterprise IT and a new, third "digitalization" era - moving from running IT like a business within a business, into a period characterized by deep innovation beyond process optimization, exploitation of a broader universe of digital technology and information, more-integrated business and IT innovation, and a need for much faster and more agile capability."

Digital Dragons

Gartner principally characterizes this heightened capability in terms of competitive threat and advantage:

Paint of a dragon.

"All industries in all geographies are being radically reshaped by digital disruption - a "digital dragon" that is potentially very powerful if tamed but a destructive force if not. It's a CIO's dream come true, and also a career-changing leadership challenge."

They describe it as a dragon because it so effectively destroys the competition in its field, through a massive scale of technology leverage such as Netflix, Airbnb and Uber Taxis, with brands like Kodak or the Blockbuster video rental chain examples of those being destroyed by failing to adapt to this digital disruption.

These ‘digital unicorn' startup firms have generated billions in shareholder value in only a few short years specifically through this principle, achieving inventory levels of the world's largest players simply through smart use of IT.

To replicate this level of IT-driven success experts recommend CIOs embrace the threat as a career opportunity, such as Harvard urging CIOs to take a leadership role, and also to become ‘digital mentors‘.

Research and insights from Deloitte and Gartner show that the demand for implementation of new digital capabilities will ultimately mean a large and sustained market for digital transformation skills, with considerable recognition and reward for those CIOs synonomous with advanced, successful digital programs.

Gartner - Taming the Digital Dragon

Summary
Gartner provides a practical as well as strategic framework for using the Hybrid Cloud model for planning an executive level strategy.

In particular this addresses the legacy ERP and sets the scene for Bi-Model IT as a modernization overlay.

Hybrid Cloud Business Model
This article provides the introduction for our new ebook: Enterprise Cloud - Data Centre and Application Modernization Blueprint.

Utilizing design models like Hybrid Cloud is central to the scope of this paper - The overall goal is to provide Enterprise decision makers with the full spectrum of topics they need to address that scale of Cloud adoption, and these high level strategy frameworks are ideal to set the scene.

Gartner describes how Hybrid Cloud enables increased adoption of public and private IaaS, PaaS, SaaS and BPaaS, making a ‘Bi-modal IT' framework possible, made up of three core foundations:

  • Moving to a more loosely coupled "postmodern-ERP" paradigm - More federated ERP, multi-enterprise solutions, cloud components, mobile support, embedded analytics.
  • Creating the information architecture ad capabilities to exploit Big Data - Handled through in-memory databases, advanced analytics, unstructured and multimedia data.
  • SME Innovation Ecosystem - Augmenting conventional sourcing with more innovation, including sourcing from, and partnering with, smaller and less mature enterprises, in key categories of partners: Mobile, design, etc.

They give it such an elaborate name because their definition goes far beyond the normal industry use of the term, a mix of on-premise and public Cloud computing, whereas Gartner instead defines a Hybrid Cloud business model.

Their central thesis is that the Hybrid Cloud model is key to the CIO strategy to ‘renovate the IT core', modernizing the legacy estate to enable new digital strategies and thus provide the tool set for meeting the challenge of digital native competitors.

Bi-modal IT and Legacy Modernization
Fundamentally the emergence of a ‘Bi-Modal IT‘ capability represents the evolution to the third era of IT that Gartner introduces.

Establishing DevOps teams and Agile software practices atop a Hybrid Cloud platform builds a second, much faster and adaptive layer of IT innovation that extends legacy business IT into new digital business models.

It's such an important concept because the largest issue most enterprises will face is their legacy IT estate. Sectors like Government and Banking in particular operate very large complex estates, of very large, complex applications, many still operating on mainframes et al.

A Bi-Modal IT framework enables an organization to establish the required new skills and tools, and empowered with a Hybrid Cloud information model that ‘overlays' across the existing estate and opened up to an innovation ecosystem of developers and other key partners.

The post Enterprise Cloud – Taming the Digital Dragon appeared first on CBPN.

More Stories By Cloud Best Practices Network

The Cloud Best Practices Network is an expert community of leading Cloud pioneers. Follow our best practice blogs at http://CloudBestPractices.net

IoT & Smart Cities Stories
The best way to leverage your Cloud Expo presence as a sponsor and exhibitor is to plan your news announcements around our events. The press covering Cloud Expo and @ThingsExpo will have access to these releases and will amplify your news announcements. More than two dozen Cloud companies either set deals at our shows or have announced their mergers and acquisitions at Cloud Expo. Product announcements during our show provide your company with the most reach through our targeted audiences.
Machine learning has taken residence at our cities' cores and now we can finally have "smart cities." Cities are a collection of buildings made to provide the structure and safety necessary for people to function, create and survive. Buildings are a pool of ever-changing performance data from large automated systems such as heating and cooling to the people that live and work within them. Through machine learning, buildings can optimize performance, reduce costs, and improve occupant comfort by ...
@DevOpsSummit at Cloud Expo, taking place November 12-13 in New York City, NY, is co-located with 22nd international CloudEXPO | first international DXWorldEXPO and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. The widespread success of cloud computing is driving the DevOps revolution in enterprise IT. Now as never before, development teams must communicate and collaborate in a dynamic, 24/7/365 environment. There is no time t...
CloudEXPO New York 2018, colocated with DXWorldEXPO New York 2018 will be held November 11-13, 2018, in New York City and will bring together Cloud Computing, FinTech and Blockchain, Digital Transformation, Big Data, Internet of Things, DevOps, AI, Machine Learning and WebRTC to one location.
DXWorldEXPO | CloudEXPO are the world's most influential, independent events where Cloud Computing was coined and where technology buyers and vendors meet to experience and discuss the big picture of Digital Transformation and all of the strategies, tactics, and tools they need to realize their goals. Sponsors of DXWorldEXPO | CloudEXPO benefit from unmatched branding, profile building and lead generation opportunities.
In this Women in Technology Power Panel at 15th Cloud Expo, moderated by Anne Plese, Senior Consultant, Cloud Product Marketing at Verizon Enterprise, Esmeralda Swartz, CMO at MetraTech; Evelyn de Souza, Data Privacy and Compliance Strategy Leader at Cisco Systems; Seema Jethani, Director of Product Management at Basho Technologies; Victoria Livschitz, CEO of Qubell Inc.; Anne Hungate, Senior Director of Software Quality at DIRECTV, discussed what path they took to find their spot within the tec...
The deluge of IoT sensor data collected from connected devices and the powerful AI required to make that data actionable are giving rise to a hybrid ecosystem in which cloud, on-prem and edge processes become interweaved. Attendees will learn how emerging composable infrastructure solutions deliver the adaptive architecture needed to manage this new data reality. Machine learning algorithms can better anticipate data storms and automate resources to support surges, including fully scalable GPU-c...
Disruption, Innovation, Artificial Intelligence and Machine Learning, Leadership and Management hear these words all day every day... lofty goals but how do we make it real? Add to that, that simply put, people don't like change. But what if we could implement and utilize these enterprise tools in a fast and "Non-Disruptive" way, enabling us to glean insights about our business, identify and reduce exposure, risk and liability, and secure business continuity?
Nicolas Fierro is CEO of MIMIR Blockchain Solutions. He is a programmer, technologist, and operations dev who has worked with Ethereum and blockchain since 2014. His knowledge in blockchain dates to when he performed dev ops services to the Ethereum Foundation as one the privileged few developers to work with the original core team in Switzerland.
DXWorldEXPO LLC announced today that Telecom Reseller has been named "Media Sponsor" of CloudEXPO | DXWorldEXPO 2018 New York, which will take place on November 11-13, 2018 in New York City, NY. Telecom Reseller reports on Unified Communications, UCaaS, BPaaS for enterprise and SMBs. They report extensively on both customer premises based solutions such as IP-PBX as well as cloud based and hosted platforms.