{"id":1457,"date":"2015-04-07T00:00:59","date_gmt":"2015-04-07T00:00:59","guid":{"rendered":"https:\/\/blog.planview.com\/?p=1457"},"modified":"2017-12-11T15:07:49","modified_gmt":"2017-12-11T21:07:49","slug":"digital-race-enterprise-edition","status":"publish","type":"post","link":"https:\/\/blog.planview.com\/digital-race-enterprise-edition\/","title":{"rendered":"The Digital Race, Enterprise Edition"},"content":{"rendered":"<p>In today\u2019s global, hyper-competitive economy, you\u2019re seeing all kinds of heated races to be the first to digitize an industry. You\u2019ve got Uber battling Lyft to digitize (and displace) the traditional taxi industry. Apple, Google, PayPal, Square and others are slugging it out in a race to digitize the majority of retail transactions. Even seemingly mundane industries like shipping and storage \u2013 with Austin tech comrades <a title=\"uShip - The Online Shipping Marketplace\" href=\"https:\/\/www.uship.com\/\" target=\"_blank\" rel=\"noopener\">uShip<\/a> and <a title=\"SpareFoot - Your self-storage finder\" href=\"https:\/\/www.sparefoot.com\/\" target=\"_blank\" rel=\"noopener\">SpareFoot<\/a> racing incumbent competitors \u2013 heat up when <a href=\"https:\/\/blog.planview.com\/prepare-set-sail-choppy-waters-digital-transformation\/\">digitization starts making things more efficient and accessible<\/a>. And this makes the stakes quite high in the IT world, as enterprises leverage IT as they engage in a similar race to innovate digitally.<\/p>\n<p>Call it what you will \u2013 digital transformation, digital revolution, digitization \u2013 but the C-suite recognizes a game-changing market disruption is underway. It\u2019s a disruption that requires them to revamp their business model and determine how to deliver a sustainable competitive advantage. At its core, it\u2019s a strategic imperative that C-suite decision makers of all types have to take seriously. According to a recent Gartner report titled \u201cDigital Business Requires CIOs, CEOs and Strategy Officers to Improve Technology-Related Competitor Intelligence,\u201d digital business is now competitive turf that differentiates between companies\u2019 health, efficiency and product sets. We wholeheartedly concur with that.<\/p>\n<p>The Gartner report encourages business leaders to look at their competitive landscape and evaluate where they stack up (no pun intended) in IT infrastructure, processes and advancement when it comes to emerging areas like the cloud, BYOD, data analysis and cybersecurity. The role of the CIO in this process and analysis is also made crystal clear:<\/p>\n<blockquote><p>\u201cDiscuss the traditional competitor landscape, so you know and agree where its natural boundaries lie. Then frame a new view of competition to include startups, entrants from adjacent industries and attack from the tech sector itself\u2026If there is corporate myopia, the CIO must be an agitator, ensuring that the analysis of competition extends beyond traditional competitors and industries.\u201d<\/p><\/blockquote>\n<p>That\u2019s a pretty weighty role for the CIO to play; they\u2019re continuing to be relied upon as a <strong>business leader<\/strong>, not just an advisor or even worse an IT \u201cutility provider.\u201d And while we know that CIOs and their teams of IT decision makers are eager to innovate for the business and meet competitive challenges head-on, there may be a step missing here. How does a CIO (and their traditional business strategist counterpart) decide how the company compares to the competition if they don\u2019t holistically understand where gaps exist in their own journey toward becoming a digital business? What areas need investment and how can they prioritize the changes that need to be executed? In other words, how can you compare your house to others\u2019 when you don\u2019t have yours cleaned up and in order or don\u2019t even completely know what the blueprint looks like? To nail down improvements to the digital business and lead or follow fast in the industry, CIOs need to employ enterprise intelligence (EI).<\/p>\n<p>Enterprise intelligence is complete, fast, prescriptive and (perhaps most importantly) real-time, all of which are key characteristics for CIOs as they use EI to do their benchmarking and strategic planning. Joe McKendrick recently covered <a title=\"Increasingly, enterprise architecture looks outward\" href=\"https:\/\/www.zdnet.com\/article\/tale-of-two-enterprise-architectures\/\" target=\"_blank\" rel=\"noopener\">the broader <abbr title=\"Enterprise Architecture\">EA<\/abbr> discipline<\/a> for ZDNet, and a quote from McKinsey\u2019s Oliver Bossert, Chris Ip and J\u00fcrgen Laartz does a good job of setting up the pressures related to digital business that enterprise intelligence can help alleviate:<\/p>\n<blockquote><p>\u201cWhile most companies would have been comfortable in the past going through a three- to five-year transformation and not implementing new features in the meantime, today&#8217;s highly competitive markets no longer allow players to alter architecture and business models sequentially. It is therefore important to realize that the transformation toward digital is a continuous process of delivering new functionality.&#8221;<\/p><\/blockquote>\n<p>The McKinsey trio also does a standout job of breaking down \u201ctwo-speed IT architecture,\u201d which addresses the two prongs of customer-centric front-end IT (apps, UIs, etc.) and the legacy systems IT back-end (compute resources, storage, etc.), both integral competitive fronts in digital business. Fortunately, enterprise intelligence can help CIOs, CEOs, COOs, CFOs and other strategy officers understand where they stand from both angles, appropriately relate their progress to that of the competition, and ultimately break the tape in the race to digital prowess and a better, sustainable competitive advantage.<\/p>\n<p>Learn more at <a title=\"Planview\" href=\"https:\/\/www.planview.com\/\">Planview.com<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>In today\u2019s global, hyper-competitive economy, you\u2019re seeing all kinds of heated races to be the first to digitize an industry. You\u2019ve got Uber battling Lyft to digitize (and displace) the traditional taxi industry. Apple, Google, PayPal, Square and others are slugging it out in a race to digitize the majority of retail transactions. Even seemingly&#8230;<\/p>\n","protected":false},"author":59,"featured_media":1459,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_editorskit_title_hidden":false,"_editorskit_reading_time":0,"_editorskit_is_block_options_detached":false,"_editorskit_block_options_position":"{}","footnotes":""},"categories":[435],"tags":[],"class_list":["post-1457","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-enterprise-architecture"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.8 (Yoast SEO v26.8) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>The Digital Revolution - Blog | Planview<\/title>\n<meta name=\"description\" content=\"The digital revolution means a game-changing market disruption is underway. Learn how to revamp your business model and deliver a competitive advantage.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/blog.planview.com\/digital-race-enterprise-edition\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"The Digital Race, Enterprise Edition\" \/>\n<meta property=\"og:description\" content=\"The digital revolution means a game-changing market disruption is underway. 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