Recently, Gartner presented the 2020 edition of their annual Symposium, to their EMEA audience. As expected, given the current pandemic, Gartner was forced to makes changes from previous Symposiums and pivoted all their presentations to a digital format. Some of the topics debated in this conference included: technologies companies need to adopt in order to maintain a relevant presence in the market; how some roles within companies will have to be redesigned; and the impact of Covid-19 on businesses.
Debates like these are keenly followed at Quidgest, to ensure not only that we are ahead of the curve when it comes to software development, but also to anticipate how we can further help our clients and partners, making sure they are equipped with technology-based solutions that can make them the leading players in their fields of business. In this regard, one of the presentations in the symposium we followed most closely was “Top Strategic Technology Trends for 2021”. On this matter, Gartner predicts that the 9 most essential technologies to embrace in 2021, in order to maintain the competitiveness are:
- Internet of Behaviors;
- Total Experience;
- Privacy-Enhancing Computation;
- Distributed Cloud;
- Anywhere Operations;
- Cybersecurity Mesh;
- Artificial Intelligence Engineering;
- Intelligent Composable Business.
As a leading player in the software development field, at Quidgest we are able to share our input on most of them. In this article, however, we will be focusing on the 9th technology highlighted by Gartner: Intelligent Composable Business — our readers can expect more articles on this topic in the upcoming weeks.
Run 80% faster than your competition
The critical factor we took away from this presentation was that Gartner predicts that, by 2023, organizations that have adopted a composable approach will outpace their competitors by 80% in terms of implementing new features. If there is one thing the last months have shown us is the importance of businesses being able to transform and release new products and services fast, keep up with ever-changing customer needs, and face uncertainty in current times.
If an organization’s infrastructure is not capable of following the needs of the market, not only will that organization be more exposed to unpredictable variables, but they will also be slower to answer the demands of their customers, missing opportunities and falling behind their competitors. If your company’s operations were affected by the pandemic, ask yourself: “How long did it take us to adjust our operations to this new reality?”
Resilience and Agility at its core
So, what is a Composable Business? In essence, it means creating an organization made from interchangeable building blocks. According to Daryl Plummer, Gartner’s Distinguished VP Analyst, a “Composable business is a natural acceleration of the digital business that you live every day. It allows us to deliver the resilience and agility that these interesting times demand.”
If you are familiar with our work at Quidgest, you’ll be aware that this has been our strategy since our beginning. With Genio, our very own extreme low-code and agile platform for modeling and automatic generation of integrated information systems, we can model, from scratch, complete businesses, mimic and replace any existing legacy management platforms, and merge different components from our Packaged Business Capabilities — software components or, as stated above, interchangeable building blocks that represent a well-defined business capability. With Genio, we guarantee a continuous improvement of automation, security, performance, scope, and user experience, which are crucial at an age when continuous innovation is the key to business survival.
On top of this, our teams are in constant contact with our partners and clients to make sure we offer knowledge, insights, and ideas that solve underlying issues with greater agility and speed, and that take businesses to another level.
Affordable and Quick to Implement
Using this extreme low-code approach our solutions are not only easy-to-use and improve, but affordable and quick to implement as well — especially when comparing to the industry standards.
The track record assures our clients and partners, regardless of their sector, of the positive effects of implementing a composable business feature. Among the countless projects developed so far, the list includes universities, state forces, governments, and large enterprises. Most importantly, these initiatives can be replicated in the vast majority of businesses, as several of our case studies show.
Uncertain times, constant customer behavior shifts, and a never-ending need to innovate will only increase the speed at which the delivery of products and services is demanded. Companies will need to adapt to changing circumstances faster than ever before. The way forward, in our opinion, is the adoption of state-of-the-art solutions, like Genio. Intelligent Composable Businesses will be the ones to thrive in these challenging times, and, if your business becomes an Intelligent Composable Business, so will you.
We will further develop the public sector relationship with management technology in our next article. Do not miss out on our takes on how the public instruments are embracing the digital transformation with the replacement of their traditional ERPs.
Article posted with permission of Quidgest.