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Chapter 8: EMERGING ISSUES AND TRENDS - Coggle Diagram
Chapter 8: EMERGING ISSUES AND TRENDS
Systems integration for Industry 4.0 - The latest trends and challenges in systems integration
Connected Enterprise by Rockwell Automation
Utilizes technology to gather, analyze, and transform data for informed decision-making.
Increased Data Flow
Supported by new networking technologies.
Data is collected and analyzed in real-time.
Industrial Internet of Things (IIoT)
Encompasses various devices beyond traditional electronics like smartphones and PCs.
Includes wearable tech, web-enabled TVs, cars, etc., all interconnected.
System Integration Challenges
Requires companies to stay updated with technology trends and be innovative.
Keeping existing systems functional and updated is a major challenge.
Accessing latent data necessitates leveraging existing tech or upgrading systems.
Ensuring system security against cyber threats and attacks is a crucial concern in Industry 4.0.
7 Key Data Integration Trends to Watch out in 2020
Integration is crucial for enterprise digital transformation.
It connects diverse data sources, applications, and devices.
Seamless connectivity across the enterprise ecosystem is essential.
Integration is integral to the technology landscape of enterprises.
KEY DATA INTEGRATION TRENDS SHAPING UP THE UPCOMING YEAR 2020:
Hybrid Integration Platform (HIP)
Emergence of platforms integrating on-premises and cloud systems.
APIs Driving Business Performance
APIs becoming central to enhancing business operations and performance.
Focus on Consistent Customer Experiences
Efforts towards creating unified and seamless customer experiences.
Secure B2B Integration/ EDI Integration
Emphasis on secure integration for business-to-business transactions and Electronic Data Interchange (EDI).
Real-Time Integration for Business Agility
Adoption of real-time integration solutions to meet dynamic business needs.
Rise of IoT Integration
Increasing integration of Internet of Things (IoT) devices into business systems.
User Empowerment for Enterprise Synergies
Enabling users to contribute to enterprise integration for improved synergy.
Top 8 trends shaping digital transformation in 2021
THE DIGITAL-READY CULTURE.
Organizations face pressure to digitize services rapidly and at scale to meet customer demands.
IT leaders are increasingly tasked with delivering digital initiatives, with a 40% increase in 2020.
Integration poses a significant challenge to digital transformation efforts.
Eighty-nine percent of IT leaders cite data silos as creating business challenges for digital transformation.
Integration challenges hinder digital transformation efforts for 85% of IT leaders.
DEMOCRATIZATION OF INNOVATION
Line of business users seek to develop digital customer experiences more rapidly.
IT must facilitate cultural change by empowering the business to self-serve and deliver solutions more quickly.
COMPOSABLE ENTERPRISE
Hyper-specialization has resulted in a proliferation of applications.
Organizations are transitioning to a composable enterprise model for increased agility.
Composable enterprise relies on existing applications and APIs for digital capabilities.
It's recognized as a critical technology for business resilience and scalability.
Composable enterprise fosters innovation, cost reduction, and improved partnerships.
MICROSERVICES
Organizations adopt microservices for rapid development of new customer experiences.
Deploying microservices to production necessitates service mesh capabilities for scaling.
Microservices expose data and functionality as loosely coupled services, enabling quick adaptation to changing customer needs.
Financial services CIOs plan to increase spending on infrastructure technologies like microservices, APIs, and cloud, with 65% intending to do so.
AUTOMATION
Organizations using automation for operational efficiency and process improvement.
APIs play a crucial role in driving automation and enhancing productivity.
Automation is prioritized to foster innovation, with 81% of IT organizations planning to automate more tasks in the next 12 to 18 months according to Salesforce.
API SECURITY
The average enterprise manages 900 applications.
The proliferation of new endpoints introduces new avenues for intrusion.
Robust API security is essential to safeguard against potential threats and intrusions.
THE DATA DIVIDE
Organizations seek faster methods to unlock data and gain insights to meet evolving customer expectations.
In 2021, data will differentiate organizations from their competitors and customers, with the ability to unlock, analyze, and act on data becoming foundational to growth.
Integrating and unifying data across systems is critical to creating a single view of the customer and achieving true digital transformation.
The failure of digital transformation initiatives often stems from the inability to integrate and unify data across systems.
Unlocking data from various systems and applications is essential for delivering value faster and ensuring organizational success.
DATA ANALYTICS
Organizations are leveraging data analytics to enhance customer experiences.
The effectiveness of data analytics relies on the quality of the data it processes.
According to Gartner, 48% of product managers at growth companies are using analytics to collect and analyze customer perception and sentiment data.
Gartner estimates that companies experience average annual losses of $15 million due to poor data quality.