Let me clarify what modernization truly entails, its implications for your organization, and how to approach modernization as a pathway to AI-driven value creation?
Generative AI is causing a seismic shift in the enterprise landscape, largely owing to its remarkably potent tools that are fundamentally transforming how we live and work. Innovative corporations must proactively transform to ensure sustained success in an increasingly dynamic landscape.
Companies that integrate cutting-edge innovations like AI into their operations can potentially propel sustainable, long-term growth, future-proof themselves against financial headwinds, and cultivate a lasting competitive edge.
Without embracing modernization, organizations risk forfeiting the full value of their investments, falling behind competitors, and becoming vulnerable to costly disruptions, ultimately failing to capitalize on tomorrow’s groundbreaking AI innovations that will shape their very existence. Numerous organizations have already fallen prey to modernization challenges, with a staggering one in four enterprise decision-makers experiencing digital platform failures firsthand.
As businesses undergo genuine modernization, they can expect profound impacts that permeate every aspect of their operations, encompassing process transformations, technological advancements, and strategic recalibrations. As a result, numerous leaders are uncertain about where to begin their digital transformation journey – which is why we’ve launched a blog series to guide them through the process of modernizing their organizations while prioritizing AI-readiness.
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This inaugural blog post delves into the concept of modernization, exploring its significance for your organization and outlining how embracing modernization can be a key step towards realizing AI-driven value.
Modernization is a holistic strategy
To successfully embark on a modernization journey, it’s essential to first understand the fundamental differences that set it apart from piecemeal upgrades. This is a comprehensive approach that integrates people, systems, and competencies alongside information, tools, and technology.
Revitalizing heritage applied sciences through modernization paves the way for seamless integration with artificial intelligence.
To drive progress in your organization, modernization is essential – let’s explore the key reasons why this matters. Companies flourished alongside bespoke digital solutions that catered to the evolving needs of their time. The current options are struggling to meet contemporary needs. Instead, organizations will need to adapt and evolve their infrastructure to seamlessly integrate the latest AI advancements, as they were not originally designed to accommodate rapid innovation cycles. This technology typically operates in isolation and is incapable of processing large volumes of data, hindering its ability to support cutting-edge companies. As a leading provider of insurance coverage platforms spanning 30 countries, we faced significant challenges innovating due to our outdated digital practices predating our transition to the cloud.
The integration of modernization enabled Homo sapiens to effectively address these limitations and pave the way for AI-driven advancements by successfully migrating, reconfiguring, and disseminating their core competencies. This enabled builders to accelerate their growth trajectories and innovation cycles, as they invested more time and resources in enhancements rather than maintenance.
“By leveraging Microsoft Azure tools to automate key aspects of our infrastructure and processes, we achieved a significant reduction in time-to-market, cutting it in half, while simultaneously lowering operational overhead by a substantial 40%.”
According to a recent study, 41% of organizations attribute their greatest achievements to enhanced operational efficiency, while 30% credit significant price savings. As companies adopt a posture of expertise, they set the stage for pioneering AI-driven innovations and highly responsive operational dynamics.
While modernization indeed starts with the cloud, its impact extends far beyond that pivotal step.
While migrating to the cloud is crucial, with 30% of respondents noting it simplifies modernization, it’s essential to view the cloud as just one aspect of achieving lasting results and harnessing the power of AI and other emerging technologies.
What drove SAS’s growth and success? The software company’s early focus on developing analytical solutions for the government sector played a significant role in its expansion. By incorporating the cloud into SAS Ahead, companies can develop a comprehensive approach to effectively navigate shifting market conditions and fluctuating price pressures.
“To stay competitive in the cutthroat airline industry, we needed to make significant strides in providing exceptional travel experiences.”
By bypassing traditional cloud migration strategies, SAS Ahead successfully transformed its databases and applications into a comprehensive, fully managed platform service on Microsoft Azure, unlocking enhanced scalability and agility.
“We aimed to harmonize the applied sciences that underpin SAS’ solutions and partner with them to achieve greater scalability, efficiency, and security, thereby clearing the path for innovation that benefits our customers.”
As SAS progressed beyond preliminary migration, an additional hurdle arose: transcending the technology itself? They envisioned a thoughtful overhaul of their operational strategies to optimize financial returns.
Modernization reshapes greater than expertise
While apps and platforms evolve rapidly, it is crucial that companies harmonize their people, processes, and expertise to ensure a unified pursuit of shared goals throughout the entire organization? As AI technology becomes increasingly prevalent, it’s undeniable that it brings about a profound shift in the way we work, fundamentally disrupting established processes and procedures. Artificial intelligence serves as both a catalyst and an accelerant driving the pace of modernization.
By leveraging the insights from Forrester’s research, we can gain a deeper understanding of how this concept operates. Only one in five decision-makers claimed to have achieved modernization, with those who were successful attributing their success to considering the project comprehensively. To drive business impact, they developed a clear-cut approach to AI and AI training, closely integrating AI with key performance indicators, and utilized interdepartmental metrics to monitor and assess progress and effects. By leveraging the insights of their strategic partners, they bolstered their collective expertise and addressed the complexity and urgency of modernization, recognizing that no single entity could tackle this challenge independently. By adopting a comprehensive approach, SAS set ambitious goals to revamp its operational framework and maintenance practices, drive innovative breakthroughs, and maximize the value derived from its initial cloud infrastructure investments through strategic partnerships. They successfully streamlined developer workflows, enabling consistent improvement while modernising airline operations on a large scale.
The implementation of a well-designed modernization strategy can unlock significant benefits.
As companies adopt a comprehensive approach to modernization, remarkable results naturally unfold. While Sapiens enables users to achieve certain feats, SAS has designed an environment that cultivates sustained innovation, ultimately leading to enhanced customer experiences.
