Tejas R. Patel’s Post

"Pause too long, and your enterprise risks irrelevance." This is a powerful reminder that inaction is not an option in the age of AI. Check out this article for insights on how to develop a winning technology strategy. https://lnkd.in/d2ZA6ksK #AI #digitaltransformation #futureofwork

Digital transformation has become a critical imperative for enterprises looking to leverage advanced technologies like AI, automation, and hybrid clouds to drive innovation, improve decision-making, and respond effectively to market disruptions. Successful digital transformations require cooperation across enterprise sectors, re-engineering processes, redesigning business units, and adapting roles. It's important to select technologies that meet defined needs rather than chasing trends, embrace digital transformation as a continuous journey, and listen to feedback for continuous improvement. #DigitalTransformation #TechAdoption

The latest technology delivery lifecycle automation capabilities are a game changer and have helped me open up technology modernization opportunities that were previously out of reach or cost-prohibitive. #Accenture’s latest research reveals how a “reinvention-ready” #DigitalCore is key to taking advantage of disruptive tech. And optimizing IT costs with gen AI can help leaders to fund their digital core journeys and accelerate innovation: https://accntu.re/3WElg0I

"The reason digital transformation often failed to produce substantive improvements isn’t because digital transformation doesn’t work, but instead because companies never truly strived for transformation." - Brian Solis Companies often miss the opportunity to use new technology to truly transform their business strategies and models. They tend to update their technology but not fundamentally change how they do business to fully embrace the digital age. When digital transformations fall short, it can have serious negative effects. These might include wasted investment, missed opportunities, and potential damage to a company’s competitive position. Action items for decision makers might include ensuring that there are clear and strategic objectives, effective management of changes in company culture, processes, and employee skills, and adequate integration with existing systems and processes to avoid disruptions. #digitaltransformation #innovation #business

Nice article from Brian Solis and CIO.com... over the years, I wish I had a $ for the times I have explained or had to help my audience realise and understand that it's a need for [digital] transformation or more over innovation not [digital] replication. The end of digital transformation and the rise of business model innovation https://lnkd.in/gq48EJNg

I don't think the term digital transformation is going anywhere any time soon. In the current landscape, many people who use it are referring to business model transformation, however, there are still plenty of organizations that believe all transformation needs is digitization. "Those who struggled during the digital transformation years will continue to fall into the same traps in an era of AI-first transformation if they don’t change what got them stuck in the first place." #DigitalTransformation #Innovation #BusinessTransformation

I recently read an insightful article on the shift from #digitaltransformation to #businessmodel innovation. it's no longer enough to stay competitive. Instead, businesses must now focus on innovating their business models to create and capture new value. This involves leveraging #digitaltechnologies not just to improve existing processes, but to fundamentally rethink how value is delivered to customers. The successful companies are those that continuously adapt their business models in response to changing market conditions and technological advancements. For instance, it mentions that 70% of executives believe their business models will be more digital in the next three years. Additionally, over 50% of companies are already experimenting with new business models to stay ahead. This perspective resonates with my experience in #digitaltransformation and #sustainability, emphasizing the need for a holistic approach that integrates #technology with innovative #businessstrategies. It's a timely reminder that in our rapidly evolving landscape, agility and innovation are key to long-term success. #digitaltransformation

🌐 Unlocking the Power of the Digital Core 🌐 At the recent Tech Summit, Surya Mukherjee from Accenture revealed the strategic importance of building a Digital Core to drive unparalleled business outcomes. Did you know? ✅ 60% of C-level executives are now leveraging AI to create smarter products and services. ✅ Only 34% of companies report having standardised data models aligned across core platforms for operations and reporting. ✅ CIOs still spend an average of 50% of their time on tactical tasks like maintenance - highlighting a huge opportunity for strategic focus. ✅ 68% of organisations are embracing dynamic teams, enabling agile rotations based on project needs. 𝙒𝙝𝙖𝙩 𝙞𝙨 𝙩𝙝𝙚 𝘿𝙞𝙜𝙞𝙩𝙖𝙡 𝘾𝙤𝙧𝙚? Digital core - critical technology capability that enables organisations to accelerate ahead of the competition and achieve their ambitions. 𝙏𝙝𝙚 𝙏𝙝𝙧𝙚𝙚 𝘾𝙤𝙧𝙚 𝙋𝙞𝙡𝙡𝙖𝙧𝙨: 1️⃣ Cloud Infrastructure and Practices: Driving agility and innovation. 2️⃣ Data and AI: Delivering differentiation through real-time optimization. 3️⃣ Applications and Platforms: Accelerating growth with next-gen operations and experiences. The Digital Core is no longer just an option - it’s a necessity for organisations aiming to thrive in an increasingly competitive and dynamic world. By embracing cloud infrastructure, leveraging the transformative power of AI and data, and optimising applications and platforms, businesses can unlock unprecedented agility, efficiency, and growth potential. #innovation #futuretech #creativity #artificialintelligence #technology #AI https://lnkd.in/dZr9F5th

Many of the business leaders are considering or currently incorporating #AI into their siloed applications and operations. This ultimately adds complexity to an already complex system. Rather, when adopting AI, we must divest from silos. If we adopt #generativeAI as we have with other technologies in the past two decades*, we'll see a similar outcome—a lot of money and time invested with little productivity return. We must do this differently than before by reimagining how work gets done. Here are some best practices to consider while putting AI agents to work across workforces, processes and technologies: * During the past 15 years, organizations have made investments toward better operations, including technology, research and development, mergers and acquisitions and more. These investments have made progress in achieving greater compliance, but they've done little to improve productivity: according to data analysis from Coatue, it still takes the same 5.1 people to produce $1 million in revenue as it was in 2008. Automation Anywhere #automation

Does your organization have the technology infrastructure to match your ambitions? #Accenture’s latest research explores why a reinvention-ready #DigitalCore is key for capturing the value of #GenerativeAI – and the next disruptive tech. We are working with our clients across the globe to 1) Build an industry-leading digital core 2) Boost investments in innovation 3) Balance technical debt Learn more. https://accntu.re/3SbzKUr