Digital transformation requires a different approach to IT
The digitization of information is impacting businesses faster than ever before. It seems every week a new company pops up and disrupts the status quo. Think of how fast Uber has disrupted the taxicab industry or how rapidly Airbnb is reshaping hospitality. Another good example is how Square has enabled point of sale to be offered on low-cost mobile devices instead of having to pay thousands of dollars for proprietary systems with long installation times.Business disruption used to take decades to happen. Consider how Walmart changed the face of retail over a 20-year period. This was considered fast at the time, but now think of how the companies I mentioned above seemingly changed their industry in just a few years. How is this possible? Well, businesses like Square, Airbnb, and Uber were born in the digital era, where agility is the norm. A traditional retailer using legacy systems can take months or even years to change direction.To read this article in full or to leave a comment, please click here