Global disruptions, burgeoning technologies, changing work cultures, they all don't make it easy for leaders. We need to become more resilient, agile and robust, but what should we do with these hypes?
Blockchain, cryptocurrencies, metaverse, composable applications, digital operations platforms, cloud-native, single and multi-tenant, DApps - decentralized applications, DeFi - decentralized finance, ...
A selection of the many concepts that C-suite leaders have to deal with. I guess, even for less you'd hide a corner somewhere far away. After all, the experts who can help you have yet to be born.
In the open online course "What Can Blockchain Do For You?" Lloyd Keays lifts a corner of the veil on how blockchain technology works and whether it can be used in business.
Arun Maharajan, blockchain lead at UNICEF Innovation, in part 2 of the course, answers the question: "What are the risks, difficulties and roadblocks when working with blockchain?".
We can broaden this question. "What are the risks, the possibilities and impossibilities, the roadblocks, the opportunities and threats, of all these concepts for business?" AND moreover "Who is still able to give the right advice and/or make choices for the future?"
In his answer he makes an important statement "The whole industry goes through a lot of hype". This statement typifies what we see happening today. International and national research and consultancy firms approach these concepts from different angles.
Gartner, the future of companies and solutions is composable, Forrester pushes Digital Operations Platforms (DOPS). Essentially, they all say the same "we need to move to cloud-native platforms that support intelligence, low- and no-code, privacy out-of-the-box, are composable and all connected".
Vendors with solutions build with and on top of Cloud-native development platforms such as Acumatica, Ramco Systems, NetSuite, Salesforce, SAP and Microsoft (not yet, neither BC nor FSCM are built with the Power platform) are at the top of the list.
Arun Maharajan ends with "There's a lot of hype cycles, a lot of press, which always creates mixed results. So that doesn't always work in our favor".
A picture from an article on application rationalization tells you what to do: DISCOVER, IMPROVE and TRANSFORM.
DISCOVER: where does your company stand
IMPROVE: remove barriers
TRANSFORM: take on the challenge, change your business and then look for the appropriate solution