What is Digital Business Platform?
Digital transformation is inevitable to survive in new digital economy. Large-scale digital transformation projects are expensive and risky and may take years to complete. Meanwhile, agile competitors are eroding your market share. Speed to digitalization is imperative. Digital business platforms is a recombination, through intelligent integration and orchestration of different digitalization technologies in a single solution (or solution stack) that enables you to create new digital business assets. These new digital assets are key capabilities that support real digital transformation of business models and processes. Digital Business Platforms create new digital business capabilities by recombining existing technologies as I’ve previously pointed out.
Digital Business Platforms provide new capabilities that enable:
- support for streaming data for IoT and other business events to find key business moments with significant impact or opportunity;
- decision support using advanced analytics as part of normal business processes – smart processes are the new normal;
- automating not only the business processes but automating decision-making as part of the business process;
- intelligent integration and orchestration that embed AI and other disruptive technologies in new or existing business workflows; and
- new or changed business models for Digital Transformation.
- real-time, situational awareness and continuous intelligence.