siliconindia | | October 20178Technology as Cost Center / EnablerEciency as Strstegic prioritySimplifyAutomateDigital EnterpriseDesign-Centric / Culture Of Continuous ReinvetionLegacy Processes, System, InfraCapital Intensive Monolithic ArchitecturesBatch MentalityProprietary TechnologiesTechnology as a Business Game ChnagerInnovation as Strategic PrioritySimpleed, Digitally Enabled & HumanizedCloud Enabled & EmpoweredMicro-services baced Digital Architectures Real Time MindsetOpen Source EnablementAgile Engineering EnterPrise/DevOps + CI - CDHigh Skill TelentCo - Innovation & partnershipBig Bang ImplementationsLow Cost TalentService & Support ModelArchitecture & Designlegacy MindsetDigital MindsetSIX EFFECTIVE WAYS TO MANAGE IT ORGANIZATIONBy Aashish Chandra, CTO, Digital Transformation Leader, Tata Consultancy Services [NSE-TCS.NS]In today's disruptive digital economy, the pace of change is at its peak and it has only just taken off. It has fundamentally transformed the business landscape with many corporations unable to keep up. Research suggests 40 percent of today's S&P500 companies will no longer exist in less than 10 years. Companies need a game-changing adaptation to a business model that continuously reinvents itself, leveraging technology and innovation, not just to thrive but also to survive. In times to come, continuous reinvention may be the only differentiator between the disruptors and the disrupted, for an organization must not be seen as a static; instead a living, breathing being that needs to adapt continuously to survive the black hole of irrelevance.Retailers with foresight are shedding behind their legacy business models to also become technology companies, and promoting innovation by imbibing startup culture. They are turning to low-cost mechanisms to accelerate digital innovation by leveraging hackathons, internally funded incubators, and digital labs. To stay at the forefront of their industry, companies must reinvent themselves with digital transformation by leveraging disruptive technologies to pave the path for innovative business models. They must not stop there and go a step further--implement a thought-out and deliberate business strategy of continuous reinvention so the tsunami of change only strengthens the company's market position, and not perish it.The Confluence of Cloud Computing, Analytics, Social, Business and Mobile Although many retailers have attempted digital transformation initiatives, only a few have had desired outcomes. There are several reasons for failures including lack of talent, or clearly defined vision, or lapse in execution but the one that is overwhelming common in majority of failures is the organizational change management. Persuading peers and partners to come aboard the digital journey often meets skepticism, insecurities and resistance from various parts of the organization. The legacy mindset still prevails in different corners of organizations preventing effective implementation of digital transformation initiatives. This underlying challenge of legacy mindset within organizations needs to evolve to the digital mindset fueled by design-centric culture and must become one of the top priorities for retail CXOs. The transformation of the legacy to digital mindset within the enterprise is essential for successful digital transformation­the first step towards building the culture for continuous reinvention. The table above represents what I like to call as the fellowship of digital mindset. 1. Business Game ChangerIn this digital-first world, it is essential for the top leadership to change the way technology is perceived within the organization. Successful and Fellowship of Digital MindsetIN MY OPINION
< Page 7 | Page 9 >