INDUSTRY WATCH
sound strategy and a solid foundation
of economic considerations prior
to starting the journey. For a
transformation to be effective, it
requires an effective strategy with
the overarching goal of minimising
disruption while delivering maximum
return. Cloud is no different. The
disruptive nature of cloud demands
tighter collaboration with business
stakeholders and various functional
units across the business — including
finance, marketing, sales, sourcing,
risk, compliance, and HR. Collaboration
with these various functional units is a
key to realizing the benefits of cloud.
It is not uncommon to see cloud as
an IT or technology-only effort. Cloud
may offer increased IT capacity,
but this is not the only motivating
factor. Could service providers
promise simplified management, high
availability, variable environment
options, and reduced deployment
time. These offerings are compelling,
but are often not sufficient in
addressing business needs – remember
the concept of “Necessary but not
sufficient conditions” are true for a
cloud environment too.
To address these needs, a more holistic
approach to cloud should be adopted.
While cloud provides a business
opportunity, it comes with a cost.
…THE CAPABILITY TO
INTEGRATE BETWEEN
THESE ISLANDS OF
INFORMATION TO
DERIVE BUSINESS
BENEFITS AND THIRD,
THE CAPABILITY TO RUN
ANALYTICS ON LARGE
DATASETS TO GENERATE
INSIGHT FOR BUSINESS
LEADERS TO TAKE
DECISIONS TO CREATE
NEW OPPORTUNITIES
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INTELLIGENTCIO
It is often helpful if decision makers
evaluate cloud using the same dollars-
and-cents approach a CFO would
use. This understanding is critical and
encourages the behaviour that drives
business results.
How has Deloitte addressed
the advent of Digital?
Digital is really three islands on
technology capabilities that need to
work in tandem to derive business
benefits. First, the creation of distinct
ingress technologies, namely,
marketplaces, IoT, physical analytics,
data traffic inputs, and beyond.
Second, the capability to integrate
between these islands of information
to derive business benefits and third,
the capability to run analytics on
large datasets to generate insight for
business leaders to take decisions to
create new opportunities.
The crux of the matter is that the
money moved to new age platforms.
Paper money is no longer the primary
means of exchange of goods and
services. Payment methods grew from
card based payments to e-wallets,
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