The rapid advancement of technology continues to drive unprecedented change within our society. With the vast, ever-evolving technology landscape creating overwhelming complexity for enterprises and government entities alike, technology leaders must first overcome a host of new risks and challenges before they can take advantage of the opportunities.
Across public and commercial sectors, many organizations still have significant operational inefficiencies and technical shortcomings that prevent them from modernizing their technology estates.
In the first part of this two-part series, we examine this challenge both from a strategic and delivery perspective, to realize the true opportunity of accelerating innovation and technology.
A strategic approach will move beyond just process innovation or delivery of technically feasible solutions. To plan and execute a successful organization-wide technology modernization program, any strategy must be predicated on addressing the unmet needs and specific problems present within each unique organization. Therefore, it’s important to first take the time to understand the existing challenges for each individual organization, and implement practical, uncomplicated initiatives to resolve them.
Amid changing business requirements, many public and commercial sector organizations are struggling to transform their legacy systems and reimagine critical processes. With software development practices also changing, and necessary technical expertise becoming more difficult to find, organizations are also unable to deliver new software fast enough, or with any standardized, predictable cadence.
Of course, the pressure to modernize the technology estate also brings unfamiliar risks and increasingly severe security concerns, causing apprehension among stakeholders.
Workforce readiness and conversancy is another growing problem, and the adoption of innovative and emerging technologies—which also require new skills and competencies—is beyond the current capabilities of many organizations.
The competencies, strategic knowledge, and experience to deliver solutions to these challenges are missing from most organizations, which creates barriers to the technological advancement and innovation many are seeking.
A technology workforce of creative thinkers with diverse, future-ready skills is essential to elevate thinking around the challenges. These visionaries must understand how those challenges impede the organization’s mission and operations, and deliver effective solutions that adapt as requirements continue to change over time.
The need to accelerate innovation and technology is one of five interconnected global trends that present government entities and enterprises with even more complexity to navigate.
Technology modernization underpins all of these trends, as the technology within an organization will ultimately:
Technology modernization should be seen as the foundation for enabling organizations to meet the current global paradigm shift head-on, and to deliver on whatever requirements may arise in the uncertain future which is being shaped by the unpredictable developments occurring today.
There are a number of common barriers faced by most organizations in their efforts to effectively modernize the technology estate:
While these challenges are interrelated, and compounding to create overwhelming complexity, there are straightforward, practical ways to mitigate and outwit them. While the need to modernize technology and embrace innovation undoubtedly presents difficulties, it can be met with the right approach, vision, and expertise.
To discover how to address and overcome the interconnected challenges discussed in this article, read the second part of this Accelerating Innovation and Tech series here.
Complexity demands a trusted guide with the unique expertise and cross-sector versatility to deliver unwavering success. We work with organizations across regulated commercial and public sectors to catalyze transformation and pioneer new directions for the future.