Every year, Gartner surveys about 3000 CIOs to understand their needs and problems and trends in their world. This year, their priorities are completely around systemization. Which makes me feel so excited.
If you haven't read my short story about systemization, go ahead and read it by clicking this link.
Gartner proves my case again that systemization is really working and bringing more revenue to their businesses. In the next five years, CIOs expect digital revenues to grow from 16% to 37%.
Here's the summary of the Gartner CIO Agenda Report below:
Let's look at the top enterprise technology trends around systemization:
Business intelligence, or BI, is an umbrella term that refers to a variety of software applications used to analyze an organization's raw data. It is the process of making meaningful decisions based on the analysis done on Raw Data.BI as a discipline is made up of several related activities, including data mining, online analytical processing,
BI as a discipline is made up of several related activities, including data warehousing, mining, online analytical processing (OLAP), querying and reporting.
Gone are the days of acquiring hard-drives and memory and blade, or rack servers for running your company's technology operations. Now the time is to get pay-as-you-use servers online with the click of a button.
Cloud computing is providing the flexibility for businesses to pay-as-you-go for technology resources. Here are few of the benefits of moving your infrastructure to the cloud:
- Pay As You Use
- Low TCO (Total Cost of Ownership)
- Reliable, Scalable, and Sustainable
- Secure Storage
- Lower Expenditure
- Agile Deployment
- 24×7 Support
There are more than one billion smartphone users worldwide, and about six billion mobile phone users in total, According to the International Telecommunications Union.
The Bring-Your-Own-Device (BYOD) trend we’ve seen popping up in enterprises is only the beginning of the shift towards taking businesses mobile and accessible from anywhere. Recently I heard a few of my friends and family moved to a remote location and were continuing to work when Chennai was affected by floods.
The good news is that many businesses are seeing the light and are now encouraging employees to work from their own personal mobile devices. This also saves the company on hardware and training costs. The CFO of Pandora Media had noticed
The CFO of Pandora Media had noticed increased employee productivity and happiness by allowing their employees to use their own devices. It's really a win-win situation.
Cloud, social media and mobile are modern buzzwords symbolizing a broad shift toward Internet-based business and consumer software. More fundamentally, this shift implies the need for companies to adapt business models and processes in response to
More and more companies are moving towards getting online and bringing their business to the online audience. This is allowing them to make a lot of changes to their core business model.
Companies who are adopting digitization are seeing new revenue streams, a shift in the company culture, and are also finding new customers and interactions.
Facebook, Google, and other advertising providers have already bought a very targeted way of advertising to the masses. Here's where the target demographics really matter. Facebook, Apple, and a few others even allow location-based targeting of customers.
The key objective is to promote brands, build preference and increase sales through various digital marketing.
Digital Marketing is all about utilizing the highly targeted, measurable, and interactive marketing of products or services using an online medium. Digital Marketing covers the aspects of reaching and converting leads into customers and retaining them.
Customer Relationship Management (CRM) tools allow the companies to maintain the relationship with their customers in the most efficient way.
CRM is not the only pure business but also it's about creating a strong personal bonding with the business. Developing such bonding is helping businesses to drive towards new levels of success.
CRM systems allow to efficiently deal with all the customers, provide them with what they actually need, and increase customer satisfaction. This ends up in bringing more business as well as getting more referrals.
Enterprise resource planning (ERP) is business process management software that allows an organization to use a system of integrated applications to manage the business and automate many back office functions related to technology, services, and human resources.
The most popular ERP software that almost everybody knows is the SAP. There are new small-scale providers of ERP software as well. It's all about managing the operations of a company in the most efficient way and to avoid chaos in an organization.
Information security, sometimes shortened to InfoSec, is the practice of protecting information from unauthorized access, use, disclosure, disruption, modification, perusal, inspection, recording or destruction.
Recent attacks on banks and government websites by hackers and attackers have made a significant impact both financially and also on reputation. More and more different media is arising and opening more holes to the security of the organizations. Security if ignored, it could lead to a great loss for companies.
The key concept of security is popularly known by the CIA triad:
It's the property which is defined as Information is not made available or disclosed to unauthorized individuals, entities, or processes
It's the property which defines whether the data has been not modified and is accurate throughout its lifetime.
It's the property that says that an information system should be available at all times and when it is required.
A recent study, in 2013 expanded the CIA tried to the IAS Octave. Now security is a wider topic:
Wider or not, Security is an important trend that CIOs of enterprises are looking to spend on next year.