Modern enterprises, on average, have more than 1,000 SaaS applications in use.
You want to have a cloud data platform that allows for fast set up and time to market, but it also needs to integrate with modern architecture. To me, there are three main elements to the modern data stack – it’s cloud-based, it has broad integration opportunities, and it provides valuable insights out of the box.
To manage this data at scale, IT teams should invest in a modern data stack and build out a world-class architecture to maintain an agile edge as the company grows. Step #1: Invest in a modern data stack and break down silosĪccelerated digital transformation and connectivity means that businesses are generating more data than ever before. With these factors in mind, here are five steps CIOs and IT leaders can take to drive innovation and future-proof their organization. In addition to bottom-line benefits, employees are often inspired and motivated by innovation – seeking job opportunities that encourage experimentation and embrace new ideas. In fact, according to Samsara’s State of Connected Operations Report, connected operations leaders who reported the highest level of digital maturity were 6x more likely to exceed their financial goals by 25% or more. Many of these companies that have been around for decades are eager to continue digitizing workflows and harnessing real-time data to deliver business outcomes. This is especially critical within physical operations – the industries that drive more than 40% of the global GDP – as organizations like ABF Freight and Liberty Energy look for ways to operate more efficiently, gain end-to-end visibility, and focus on a sustainability agenda.
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How can we free up funds in one area to invest or innovate in another area of the business? As a result, CIOs are looking at ways of doing more with less, while continuing to digitally transform their organizations. Tight budgets and labor shortages have remained an ongoing challenge for IT leaders in 2023.
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