IT strategies in the modern world
The unprecedented disruption to economies as a result of the COVID-19 pandemic has forced CTOs to rethink and reinvent their IT strategies and roadmaps. It was obvious that companies had to expedite their digital transformation journeys to stay in business, or else they risked losing out to their competitors.
The constantly evolving digital ecosystem is driving companies to reimagine their relationships with their customers, suppliers, and employees by engaging in ways that were not possible before.
Let's explore the motivating forces driving digital transformation initiatives.
Outlook for digital transformation
As per Gartner, for success in this new era, the corporate vision for all enterprises must shift toward business outcome-driven strategies. The consumerization of IT has led to the enormous growth and adoption of mobile and cloud technologies, both of which are now considered critical enablers for digital transformations:
Figure 1.2 – Mobile technology market size as of March 31, 2021
In this rapidly changing competitive landscape, companies that demonstrate greater adaptability are able to survive through the disruption in the industry as different business models are constantly evolving, along with different ways to deliver a service.
However, it must also be noted that digital transformation is not easily achievable. Business and IT leaders must strive to remove the boundaries of corporate silos and innovate in terms of their IT roadmaps to create more inclusive and interconnected digital experiences for their customers, partners, and employees.
In summary, to address the compelling demands of the market and to establish a truly distinct and differentiated offering, enterprises must propel their digital transformation agendas toward the following:
- Adopting an API-first architecture to support resilient operations
- Decoupling frontend presentation from backend data functionality
- Capturing and visualizing data-driven business insights to improve customer experiences
- Building cloud-native hyperscale applications and (API) platforms
Hence, it is quite evident as to why API-led architectures are the way forward for building enterprise applications.
