Businesses must be software-driven to rapidly deliver services that are personalized, flexible, and that scale. What’s required to become a software-driven business is: access to data from across the enterprise, ability to rapidly bring new experiences to market, engage business users with delivery of insights to actions; thus creating the right environment for innovation.
We have seen a phenomenal rise in interconnected smart devices and sensors that have profoundly impacted the way we work, live and communicate.
By 2020, it is estimated that 7.5 billion people will interact with 50 billion devices or things connected to the internet and generate approximately 44 Zettabytes of data. A Zettabyte is a 24-digit number.
The most pervasive use cases of digital and software-driven experiences are emerging from the ‘Internet of Things’ (IoT). Factories, cars, homes, appliances, wearables, etc. are packed with sensors generating large amounts of data continuously.
In the past, a lot of the IoT implementations were one-off, disconnected use cases with separate services, data and billing systems. With advances in technologies like big data, artificial intelligence and machine learning on one side and standardized platform-based solutions on the other, the focus has now shifted towards delivering and deploying and monetizing end-to-end solutions with innovative IoT experiences and services at speed.
Enterprises already collect large amounts of business data within multiple internal applications. This data, combined with data from external sources such as social, weather, population demographics etc. and from real-time IoT sources, is changing the way businesses operate. With big data analytics, it is possible to generate meaningful patterns from this heterogeneous mix of data. Advancements in artificial intelligence and machine learning have further enabled us to generate actionable insights. These insights are not only enabling businesses to take better and faster decisions, thus evolving new business models and giving them an ability to move swiftly, they are also making things smarter and autonomous.
Automated actionable insights are in a way the key to transforming a traditional business into a software driven business.
As IoT becomes mainstream every business strives to become a digital business. Technologies in Data, Digital and IoT are coming together to help build a new class of digital solutions.
With big data and machine learning it is possible to build at scale, solutions that combine data from internal enterprise systems, external data sources and IoT sensors. With connected devices, these intelligent systems are completing the feedback loop by responding in real time. The ability to build an ecosystem that can leverage these insights is helping create new business models that will monetize these investments.
Today’s internet is not just accessed by humans but is increasingly being accessed by systems, robots and devices. Over the last 10 years, the internet has evolved to allow systems to communicate and respond securely and programmatically.
APIs or application programming interfaces are designed so that systems can query and access systems widely available on the internet. Using the APIs, developers can independently build new experiences leveraging data from heterogeneous sources. Making your systems and data API enabled is the key to getting ready for transformation at speed.
Where physical meets digital or software meets things, Software 4.0 represents the software-driven future that is already getting shaped around us. The how of building a software-driven business and managing software-driven things at speed, is Software 4.0. It is a collective term that brings together different techniques that are necessary to build and deploy software in the new world of continuous integration, hackathons, DevOps and agile development.
In a fast moving world, we take the responsibility of tracking technology for our customers – from data lakes and actionable insights to machine learning and block chain – we have a mindset to continuously explore.