Australia’s CIOs embrace open, clever platforms ‘cloud’ first
Deloitte outlines technology trends
26 October 2017: From dark analytics to mixed reality, open source, machine intelligence and blockchain, Deloitte’s eighth annual Technology Trends report analyses the trends that will disrupt businesses over the next 18-24 months.
“CIOs who harness the possibilities of these technologies will be better able to shape the future of their businesses,” said Kevin Russo, Deloitte Lead Partner for the Technology, Strategy & Architecture practice in Australia and the Asia Pacific region.
“As CIOs manage constant technological advances and the exponential pace of change, they need vision as well as dexterity to offload the weight of operational inertia.
“Open standards, cloud-first designs, clever platforms and loosely coupled architectures are the norm for startups. And are increasingly becoming the answer for CIOs who think longer term about the technology stacks that will drive revenue and enable strategy,” said Russo.
Deloitte Consulting Partner and co-author of the report, Steve Rayment said: “When CIOs are asked what they would do differently if they could start over with a new IT architecture, they point to the flexible ‘kinetic’ architecture models of ‘unencumbered’ startups to lower costs and increase capabilities.”
The Deloitte report identifies kinetic organisations as those determined to make their IT footprint more agile, intuitive and responsive.
Rayment said: “Leaders and CIOs understand they need a deliberate innovation response to keep relevant and give their businesses greater freedom to move. To do so we are finding our Australian CIOs and businesses are using cloud-first strategies and systems that are loosely coupled and automated to be self-learning and self-healing.”
The Australian cut of Deloitte’s eighth annual technology report, Tech Trends 2017: The Kinetic Enterprise features insights shared by seven leading and Australian-based CIOs including Toll, RMIT, GE, Domain.com.au, QIC, the Department of Industry and QUT.
“These Australian case studies show that we are at the forefront when it comes to deploying emerging technologies to drive the creation of ’kinetic’ organisations,” Rayment said.
Large corporates absorb startup models
The Tech Trends 2017 ‘The kinetic enterprise’, echoes the World Economic/Deloitte research Beyond Fintech: A pragmatic assessment of disruptive potential in financial services, which finds that the imminent open data regime, in combination with a broader cloud play and platforms that offer the ability to engage with different financial institutions from a single channel, will change the competitive landscape – not just the basis of competition.
“Using cloud-first strategies means companies like QIC can provide and develop a recovery plan and startup environment in hours, for activities that previously would have taken weeks or even months to implement,” said Rayment.
“‘Virtualised’ cloud-first models enable a speed first, then efficiency” approach with access anywhere, anytime, anyhow. They also can be deployed in a way that delivers workloads at both optimum price and performance, so the business can stop just managing instances and start managing outcomes,” Russo concluded.
Other trends highlighted in the report
This year’s trends:
IT unbounded—The boundaries surrounding IT are fading as technology becomes integral to almost every business function and relationship.
Dark analytics—Advances in computer vision and pattern recognition allow companies to unlock insights from unstructured data that until now, have been lost in the dark.
Machine intelligence—Machine intelligence is helping companies make better decisions, embed complex analytics into customer and employee interactions, and—with adoption of bots and robotic process automation—automate increasingly difficult tasks.
Mixed reality—Companies are exploring more immersive and engaging ways to combine the physical world and digital systems, creating a new, mixed reality that’s more natural, intuitive and intelligent.
Inevitable architecture—Open standards, cloud-first designs and loosely coupled architectures are the norm in start-ups. Now, large enterprises have similar ambitions.
Everything-as-a-service—Traditional business products are being reimagined as services as organisations modernise core systems and the technology stack.
Blockchain: Trust economy—Blockchain is emerging as the mainstay for digital identities in the emerging trust economy.
Exponentials watch list — Advances in disruption forces like synthetic biology, energy storage, quantum computing, and nanotech could exponentially transform the way we do business.
The full Australian cut of the 2017 Tech Trends report can be found here.
It’s all CIOs can do to keep up with each new disruptive technology—blockchain, cognitive, digital reality—and incorporate them into specific organisational domains. But there’s a better way to understand and use today’s profound changes.