Gartner Says CIOs Must Define an Event-Centric Digital Business Strategy
 /  Article / Gartner Says CIOs Must Define an Event-Centric Digital Business Strategy
Gartner Says CIOs Must Define an Event-Centric Digital Business Strategy

Gartner Says CIOs Must Define an Event-Centric Digital Business Strategy

Article

Event-Driven Architecture Will Become an Essential Skill in Supporting Digital Business Transformation By 2018

Achieving broad competence in event-driven IT will be a top three priority for the majority of global enterprise CIOs by 2020, according to Gartner, Inc. Defining an event-centric digital business strategy will be key to delivering on the growth agenda that many CEOs see as their highest business priority.

“Event-driven architecture (EDA) is a key technology approach to delivering this goal,” said Anne Thomas, vice president and distinguished analyst at Gartner. “Digital business demands a rapid response to events. Organizations must be able to respond to and take advantage of ‘business moments’ and these real-time requirements are driving CIOs to make their application software more event-driven.”

Define an Event-Centric Digital Business Strategy

Because CEOs are focused on growth via digital business, CIOs should focus on defining an event-centric digital business strategy and articulate the business value of EDA. According to the Gartner 2017 CEO survey, 58 percent of CEOs see growth as their highest business priority. CEOs achieve growth by adopting new business models, introducing new products and services, expanding into new markets and geographies, upselling to existing customers and stealing market share from competitors.

“Findings from the survey clearly indicate that CEOs view digital business as their No. 1 opportunity for growth,” said Ms. Thomas. “Most CEOs also recognize a triangular relationship between technology, product improvement and growth. They recognize that technology is the fundamental enabler of digital transformation and leading digital companies have figured out that EDA is the ‘secret sauce’ that gives them a competitive edge.”

Event-centric processing is the native architecture for digital business, and to enable growth through digital business, strategic parts of the application portfolio will need to become event-driven. CIOs can use EDA to foster growth by enabling digital business transformation, capitalizing on digital business moments, using modern technologies, accelerating business agility and enabling application modernization.

Use Innovative EDA-Based Technologies to Support Digital Business Transformation

“Event processing and analytics play a significant role in allowing organizations to capitalize on a business moment,” said Ms. Thomas. “A convergence of events generates a business opportunity, and real-time analytics of those events, as well as current data and wider context data, can be used to influence a decision and generate a successful business outcome. But you can’t capitalize on the business moment if you don’t first recognize the convergence of events and the digital business opportunity.”

This is why digital business is so dependent on EDA. The events generated by systems — customers, things and artificial intelligence (AI) — must be digitized so that they can be recognized and processed in real time. EDA will become an essential skill in supporting the transformation by 2018, meaning that application architecture and development teams must develop EDA competency now to prepare for next year’s needs. CIOs should identify current projects where EDA can provide the most value to enable adoption of technology innovations such as microservices, the Internet of Things (IoT), AI, machine learning, blockchain and smart contracts.

Modernize Application Portfolios to Support Digital Business Transformation

A legacy application portfolio can be a significant inhibitor to digital business transformation. A digital business technology foundation must support continuous availability, massive scalability, automatic recovery and dynamic extensibility. Digital business applications must also use modern technologies to engage customers, support digital business ecosystems, capitalize on digital moments, and exploit AI and the IoT.

“Modernizing core application systems takes time, and few organizations are in a position to immediately move over to a replacement system,” said Ms. Thomas. “Instead, they need to use EDA to stage their modernization efforts, and gradually migrate capabilities while implementing digital transformation.”

Gartner clients can learn more in the report: “Articulating the Business Value of Event-Driven Architecture.” More information can be found in “Champion Event Thinking to Excel at Digital Business.” This report is the anchor to a set of 18 research documents dedicated to event processing in digital business.

Additional analysis on driving digital business transformation will be presented during Gartner Symposium/ITxpo 2017, the world’s most important gathering of CIOs and other senior IT executives. IT executives rely on these events to gain insight into how their organizations can use IT to overcome business challenges and improve operational efficiency. Follow news and updates from the events on Twitter using #GartnerSYM.

Source: www.gartner.com by Amy Ann Forni and Rob van der Meulen

You might also be interested in …

Related Posts

How To Be An Enterprise Architect
Article
How To Be An Enterprise Architect

To become an Enterprise Architect, typically it requires a combination of acquiring relevant experiences, the right skillsets and understanding the various roles in both Business & IT which includes the mastery of dealing with human beings more than with computer machines.

Where Do You Need Enterprise Architects
Article
Where Do You Need Enterprise Architects

To become an Enterprise Architect, typically it requires a combination of acquiring relevant experiences, the right skillsets and understanding the various roles in both Business & IT which includes the mastery of dealing with human beings more than with computer machines.

Enterprise Architecture and Business Planning: Now Joined At The Hip
Article, Other
Enterprise Architecture and Business Planning: Now Joined At The Hip

Let’s acknowledge it — everyone is in love with information technology these days. From the ice cream cart owner who can now accept credit cards via Square, to the aerospace executive who now is able to monitor the health of aircraft engines in flight, 24×7, IT is opening up new possibilities and alleviating the pain of manual processes.

Why Enterprise Architecture is Even More Relevant in a Hybrid IT World
Article
Why Enterprise Architecture is Even More Relevant in a Hybrid IT World

Cloud is now a reality in enterprise organizations. While it seems only a short time ago that many organizations were still unsure of the role that cloud would play in their future, it has now become verboten to question its eventuality as the predominant enterprise operating platform. Every organization is now ‘cloud-first’ — at least, that is, if you listen to the press.

Why Do We Need Enterprise Architecture in Digital Transformation?
Article
Why Do We Need Enterprise Architecture in Digital Transformation?

Since the 1980s, IT departments were only seen as enabling worker productivity, and making sure everything from emails to the Internet to our PCs run smoothly. This was still the computerisation or automation era, and projects were tech-focused; every time there was a new application, new hardware and software were purchased while time, resources and budgets were also fixed and allocated before IT could ask the business what were the goals it wanted to achieve.

Related Certification

Other Recources

ATD Solutions

Architecting Digital Transformation


Read More

Newsletter

Keep updated with our latest news, promotions, events and more.