While dealing with regulations and ever-present concerns over security, the global financial services ecosystem is in the mood for innovation. Traditional banks, fintech firms and investment platforms are finding ways to reinvent services and satisfy consumer aspirations quickly, whether this involves open banking, blockchain or digital currencies.

This raises a question for enterprises in other sectors, especially those in B2B markets: Can company leaders afford to ignore these developments? Let’s take a closer look.

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DevOps is now the top software deployment strategy by a mile — 77% of organizations say they use the approach to roll out new software. This is good news because a DevOps approach is an important marker of business maturity, and its benefits (more on that later) are so tangible that most organizations don’t need to be convinced that DevOps is the future. 

The bad news is most organizations are getting DevOps wrong, which is probably why only 10% report that their organization is “very successful” at achieving rapid software development and deployment. My company started its DevOps journey in 2019 as we began to build out the next generation of our ERP software. We were committed to the strategy but made mistakes along the way. 

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What’s migrating core business systems to the cloud got to do with in-car Bluetooth technology? Enterprise leaders should consider an important analogy if they want to achieve their digital transformation goals sooner.

Rush To The Cloud

According to the results of Gartner research, nearly two-thirds (65.9%) of spending on application software will be on cloud technologies in 2025, up from 57.7% this year (2022). Many enterprises are keen to switch to subscription modes, scale more easily and sharpen business agility.

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DevOps means that the running and maintenance of software is considered when it’s being built—an approach that’s slowly grown in popularity due to its many advantages.

Since Salesforce became the first major company to deploy enterprise software on a web browser in 1999—using cloud computing to deliver programs on demand to anyone with an internet connection—more organizations have followed suit. But moving to the cloud shone a flashlight on a whole host of issues developers had previously never worried about.

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Enterprise resource planning (ERP) systems have been around since the 1990s, helping organizations manage and integrate business processes. However, as companies implement digital transformation strategies, it will be essential for the CIO/CTO to take a look at the status of the current ERP system, which at many companies is still an on-premise legacy system used to manage HR, finance, procurement, and other critical tasks.

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I have worked in the IT industry for many years and sometimes it’s hard not to become a little weary of the hype around the latest trends. Low-code/no-code is one of those trends where hype can distract from a proper understanding of the true value of this approach to application development.

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As technology advances, more and more businesses are rethinking their legacy ERP systems and moving to the cloud. It’s a journey we’ve been on ourselves at Unit4, moving from a monolithic, self-contained architecture to a next-gen, cloud-native system that allows us to truly serve our customers and their people. This journey was years in the making, and we’ve learned a lot along the way—which I want to share now.

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The Most Innovative Companies 2021 report from BCG reveals that successful innovators make innovation a priority, commit investment and talent to it, and have an innovation system to transform ideas into results.

The BCG report is a scientific study, but I’m pleased to see it accords reasonably well with my own personal experience of leading innovation in a technology business. Here are what I have found to be the essential ingredients in successful innovation.

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In this Q&A, I discuss, with TechTarget, cloud-based composable ERPs, which enable companies to pick and choose the applications and vendors they want, the future.

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Resilience helps businesses adapt to disruption and come out ahead in a new environment. In the recent Covid crisis, resilient companies were able to quickly roll out systems that support remote work and build new customer engagement channels.

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