How IT leaders are using technology to drive competitive disruption and future-proof their environment
A Gartner study has found that global IT spending will grow 3.2 per cent this year alone, and that's on the back of the number of organisations investing in these transformation projects. [1]
But transformation in itself is only part of the story; it's what the organisation then does with IT once it has gone through digital transformation where the real value is found. Helping organisations take that leadership position and leverage the potential of transformation exercises is the core theme that will be explored at this year's Oracle OpenWorld Asia, under the banner of "create your tomorrow, today"
When organisations talk about leading technologies, what are they actually looking at? According to Oracle, it's spread across a few key areas:
Automation
IDC data shows that worldwide spending on AI will reach $35.8 billion in 2019.[2] This is not surprising when you consider the benefits of automation tools such as AI and machine learning: chatbots improve the efficiency of interacting with customers, and with AI brought to the database, self-driving, self-securing and self-repairing databases will finally eliminate the tedious tasks of manual database management, and the potential for human error within that.
A new wave of ERP innovation
In modernising the back-office tools through the use of cloud computing and AI, organisations can liberate their staff from the mundane, and allow them to be more strategic in their work. Predictive analytics, meanwhile, give organisations and leaders greater insights into the business, quicker, to make better decisions.
Transformation technologies
Transformation enables even more advanced technologies – The Internet of Things (IoT), blockchain, virtual reality and augmented reality. Organisations are just starting to tap the surface with these technologies now, but the interest in them is growing at an exponential rate: IDC predicts that blockchain spending will reach $11.7 billion by 2022, at a CAGR of 73.2%. Management consultant, Bain, meanwhile, has predicted that IoT spending will reach $520 billion in 2021 – more than double the $235 million spent in 2017.[3]
Managing the change
One of the biggest challenges that organisations face – and that Oracle OpenWorld Asia is focused on helping to manage, is the organisational change management behind the shifts that a transformation project drives. With speakers such as Tony Fernandes, Co-Founder of AirAsia, and Rob Sloan, Cybersecurity Research Director, WSJ Pro, Dow Jones, the event will help highlight how organisations can adapt to and embrace the accelerated rate of technological change, and leverage the transformation project as a platform for future technology investment, while also doing so responsibly, with an eye for governance, and securely.
To be held in Singapore, 26-27 March 2019.
The event will offer guidance on how to align people, processes and technology to support new business strategies, innovation, efficiency and productivity. It will also explain the role that the entire leadership team has in bringing cohesion to how the organisation's use of technology, which is crucial in maintaining the security, stability, and future potential of the environment.
For more information on how to create your tomorrow, today, be sure to attend Oracle OpenWorld Asia, in Singapore from 26-27 March 2019. Click here for more details on the event, and to register your interest in attending.
[1] https://www.gartner.com/en/newsroom/press-releases/2018-10-17-gartner-says-global-it-spending-to-grow-3-2-percent-in-2019
[2] https://www.idc.com/getdoc.jsp?containerId=prUS44911419&utm_medium=rss_feed&utm_source=Alert&utm_campaign=rss_syndication
[3] https://www.bain.com/insights/unlocking-opportunities-in-the-internet-of-things/