emergent digital value chain optimizing software spend
Conventionally, IT spend by enterprises is triggered with a view to automate existing business processes. However, in the recent past, we are witnessing the emergence of a powerful digital value chain (across diverse verticals including healthcare, telecom, and retail). The emergent digital value chain spans across digital information producers, through information stores, and information management infrastructure providers through service producers and aggregators to end consumers of information. The emergent digital value chain, via leveraging the benefits of digitization, promises to optimize IT spends and reduce software needs. This promise is predicated upon the key facilitating levers enabled by the digital value chain: 1. Standardization, 2. Open APIs and Modularization, 3. Seamless Information Flow, and 4. Business Process Simplification. In this talk, we shall explore each of these levers in detail in the context of emergent digital value chain, with a detailed analysis of this effect in representative verticals. At the same time, we present the key engineering issues in successful realization of these levers.
digital value chain business process information infrastructure