In the year 2020, due to the outbreak of the Covid-19 pandemic, companies have had no choice but to shift into digital business to remain in business. Digital business is the creation of new business architecture by connecting digital dan physical worlds. The characteristics of digital business overlap with the concept of digital transformation. Therefore, a company needs to undergo digital transformation to run digital business. According to Gartner, organisations that already adopt composable business will outpace their competitors by 80% in terms of implementing new features in 2023. In other words, companies that apply composable business approach will be able to accelerate digital transformation more easily compared to companies that practices the traditional business model. How to turn your business into intelligent composable business (ICB) ?
Basically, composable business means creating an organisation that are made from interchangeable blocks. When combined with the principles of composable business, an organisation can achieve composability such that they are prepared on multiple possible changes ahead of them.
Resilient is the top priority
The ability to instantly respond to market demands is the main factor that determine the winner of today’s competitive environment. In composable business architecture, it is important to understand that disruptive changes are a norm but the architecture must be flexible for the employees to adapt, engage with customers and align to the market demands. Since composable business architecture focuses on structure and objective, resilient must be the top priority in an organisation.
Retaining creative thinking is necessary
As every company started to embrace digital transformation, there is no doubt for similar outcomes and increase competition. The differentiators lie on creative thinking. The future of market today requires the ability of company to release products and services that are aligned with changing customer demands. Composable thinking helps you conceptualize on what to create and when.
Leveraging technologies is the key
The advance of technology had brought about various ways in winning the customer’s heart. For instance, the use of internet of things (IoT) and artificial intelligence in understanding human behaviour by tracking their habits, either buying or product searching. Implementing these innovation in the business operation and business model allow the company to predict the future market trends. As a results, a more innovative product can be released.
In conclusion, you can turn your business into intelligent composable business by combining principles and building blocks of composable business with the emphasize of including evolution of market in future, competitive landscape change and customer needs and expectations into consideration.
E-SPIN is actively helping enterprise customers to implement enterprise digital transformation solution to achieve scale, scope and speed. E-SPIN since 2005, already in the business of supply, consultancy, integration, training and maintenance of various supplied for enterprise customers and government agencies. Feel free to contact E-SPIN for your project and operation requirements.