According to McKinsey, today’s CEO is often the driving force behind improved performances based on enhanced technological innovation.
Why? Because enlightened CEO’s know that today’s technology can enhance business performance, reduce cost, and open new opportunities. Plus, they are in pursuit of the $100 trillion in economic value promised by digital transformation that the World Economic Forum predicts will appear over the next decade. These leaders engage with their IT departments in ways that bring their business aspirations to fruition, and that offer their best path to those enhanced revenues.
In the most successful cases, the CEO is intentional about the questions asked of development and implementation teams and seeks out data – not opinion – that provides the answers. For these leaders, modernizing their legacy technology helped them align their technology with their corporate vision, and then track the data to ensure they stayed on course to achieve their goals.
Three IT Concepts Help Structure the Modernization Project
McKinsey surveyed hundreds of global leaders to clarify the insights they gleaned from their data and how they used that information to move their modernization projects forward. They distilled those responses into three main concepts:
- All corporate data should support corporate strategies and operations.
- The company’s technological tools, talent, and strategies should provide opportunities to build on existing data and innovate new offerings.
- The technological infrastructure should be sufficiently elastic to incorporate emerging data types and scale systems and product lines as it embraces those future capabilities.
McKinsey found that companies that have embraced and mastered these three concepts typically have a more robust technological footprint in their industrial sector. They are also confident that they are collecting and optimizing their data to maintain that footprint in the future.
Learning from Leaders
Today’s leaders recognized the concerns posed by their aging legacy technologies. Their monolithic format reduced corporate agility to adapt to emerging demands, and reprogramming them required a rewrite of an entire system, causing expensive and lengthy downtime. Worse, they were unable to capture the myriad of newly devised data types that are emerging almost daily. The CEO’s weren’t able to access or use that data, putting them at risk of missing critical business insights.
Consequently, they focused their resulting modernization efforts on gaining more control over their data, and for that, they needed a modernized database management system (DBMS). For a significant number of them, the optimal DBMS is MongoDB.
MongoDB Facilitates Modernization
As a non-relational database, MongoDB eliminates the challenges posed by non-relational data types such as images, audio files, and videos. Traditional databases, with their rigid column-and-row organization, can’t process these data types, so their relevant information remains inaccessible. Using MongoDB as a DBMS, organizations can pull data from all their sources, and use that aggregated data to inform their decisions.
And MongoDB, the company, provides you with the advisory support and programming services you need to move through your modernization project with as little challenge as possible. They will help you inventory your corporate app portfolio, tailor that to define the scope of your modernization project, and help you map out your execution strategy. Moving your databases to the MongoDB platform will accelerate your development productivity and provide the distributed systems that will free your enterprise to operate anywhere it chooses.
Perhaps most importantly, MongoDB will help your enterprise embrace those optimal three core concepts of the modernized entity:
Connect Corporate Data to Company Goals
Accessing and analyzing all your data, regardless of its type, will help you see where your operations are on track for future growth, or just dragging through daily activities. The data will reveal which products are worthy of enhancement, and which are causing unnecessary expense and costs. And all those insights will clarify for you whether your efforts are moving your enterprise forward to a new future, or just miring it in yesterday’s legacy past.
Rebuild Teams to Enhance Productivity
Chances are your data will also reveal gaps in your corporate talent profile. Your teams might have great ideas but may lack the engineering talent to guide their development into a great product. Or you may not have access to the vendors you need or have the correct programming in place to build out an iteration that works today and will also work in tomorrow’s world.
Using data discovered by MongoDB, you can remove the barriers that interfere with the collaboration necessary to achieve your organization’s forward and upward progress.
Lay a Foundation for the Future
Fortunately, just migrating your databases to MongoDB creates a foundation that is already designed to flex for the future. Freeing your teams from the relational databases provides them with all the data contained in the various data types, while also providing additional information for your AI, IoT, and machine learning programming. The program’s fluidity is just another reason why so many developers are moving their programming activities to the MongoDB DBMS.
Studies show that migrating to MongoDB can reduce operating costs by as much as 70 percent while, at the same time, speed the velocity of development and innovation to three to five times faster than when using traditional DBMS software.
Datavail provides world-class level remote database management services and is a MongoDB Premier Partner, contact us to learn more about our MongoDB capabilities.
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Your organization is probably running technology that is past its prime, and you probably know you need to update and upgrade it all to maintain your corporate competitiveness. Your challenge is to identify the tools and strategies you’ll need to bring it not only current but also to optimize its capacities to meet future needs.
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