Technology enabled business transformation

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Use the power of 3 " I "s in Information technology. Use the power of 3 " I "s in Information technology.

Technology enabled business transformation

Liven Varghese - IT Strategist , Technology Leader , Digital Enthusiast Group IT Director , SgT Group

Mail : [email protected] www.livenvarghese.com

http://www.livenvarghese.com/


Technology enabled business transformation - Power of 3 “I “s in business transformation

Improvement | Informative | Innovative

Business transformation is a journey which encompasses different range of initiatives which organizations adopt in order

to bring significant improvements in business performance.

Information technology is the catalyst which bounded with values that enabling business to achieve the success and

market performance.

Today’s business world, competition makes challenges and challenges make opportunities.

For the success transformation, there are lots of characteristics, but modern fast moving and technology enabled business

world, IT plays a key role.

To easy transform, synchronize information technology to business cultures and objectives and IT will lead the business

into different levels.



Here I propose the concept of 3 “I’s “which helps business transformation easily, also brings IT as value service provider to business.

IT is no more just an enabler, but an integrator too and this helping IT on a transition of cost center to value driven center and support

partner to strategic partner.



# 1. Improvement

IT is the only business unit in organization which can interacts and interlinked with other functional units of business by tools or

systems or applications. Here IT should play the lead role on organization to finding the improvement areas on business process.

Process improvement, optimization, automation - identify any process and

actions can be automate, see the possible option of visualization from any current

manual process.

Minimize the issue of transition – put systems which can control the process instead

of peoples and it will leads to standardization.

See the possibility of efficiency gains and operational efficiency by process

streamline and different automation models.

Quantify the returns – reflects cost (ROI) – don’t forget to quantify the returns

which achieved based on each process improvement.

IT

Costs Risk

Customer Complaints Manual efforts

Redundancy Process Conflict Employee Stress

While performing improvement process on business by enabling automation , optimization , process streamline , IT will leads into value – driven partner and all this improvements directly and indirectly brings values to business and helps business on transformation process .



# 2. Information

Take your business into next level with power of Information. IT plays with data and here IT needs to strategically transform the

information into decision – making process. IT leaders cannot be keep as traditional data generator, but moving forward as data

analyst or data scientist, which giving insights to other business leaders.

Information Information

Technology Technology

Business analytics Business analytics

Performance indicators Performance indicators

Actionable insights Actionable insights

Business planning Business planning

Opportunities Opportunities

Explore the power of business analytics platform which blend together with technology and information.

Technology team should play the role of Data scientist which provides performance indicators , actionable insights , metrics ,

indicators , future business planning scope and opportunities to business .

Involvement of IT in business analysis and digital marketing.

Leverage data more on supply chain than a warehouse



See the possibility of turning information to business visualization which will be easy for business leaders to knowing the

insights.

Leads to smart organization to see the business intelligence (what has happened), forecasting (what will happen),

prediction (what could happen), optimization (what’s the best path).

Provide insights to innovation to keep competitive .

Leveraging and utilization of information in a strategic perspective helps business to transform on reaching more markets, new ideas

and opportunities.

Business Intelligence (What’s has happened)

Business Intelligence (What’s has happened)

Forecasting (What will happen)

Forecasting (What will happen)

Prediction (What could happen)

Prediction (What could happen)

Optimization (What’s the best path)

Optimization (What’s the best path)

Increasing Business Value

Types of Business Analytics



# 2. Innovative

IT should be the major driver of innovation in the organization and IT leaders took initiative role to drive the creation, also the

execution of innovation process. By taking the lead role in this innovation process, success is also comes from the skill set of IT leaders.

To initiate innovation process in organization, IT must have real time interaction

with other business leaders, seeing the business strategic challenges and finally

as a team, an innovative concept or value will be delivered. Innovation is not

always R & D, but applying correct trends & technology which helps business

growth.



Ongoing operations

Results Assessment Strategic challenge

Ideas Innovation funnel Value

IT leaders should be the advisor in business. If one application can reduce the operational time from 2 hrs to 20 mts, ie innovation.

Applying correct technology and adapt mega trends.

Explore globalization & mobility – Unwire the business.

Develop and execute end – to –end innovation process.

Drive the creation and management of innovation process = > IT involvement and IT leadership.

Innovation process helps the invention of strategies and management process.

Innovation is becoming new operation and IT leaders play crucial role on this operation process.

To empower new experiences, to be competitive in market, to develop unique selling point transform your business with right innovative partner and here IT leaders be the perfect choice.



So what will be the next step? Make the transformation happen with help of 3 “I “s of Information technology.

By using technology 3 “I”s, we decrease costs, risks, customer complaints, manual efforts, redundancy, process conflicts, and employee stress and on other sides we increase market share , profit margins , ROI , Organization efficiency , Quality , customer satisfaction , market presence and penetration , employee retention. Act now and synchronize information technology to your business culture and objectives and let your business empower the new horizons.

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