According to world leaders, we’re entering what they term the 4th Industrial Revolution, where we move from traditional to digital business models in a new digital economy reliant upon the right technologies to deliver this new focus and the skills to implement it.
Never has the role of the IT professional been so influential in determining the future outlook of the world economy and never have the decision IT leaders make been so pivotal for sustainable business growth.
Data fuels the digital economy and there’s a clear change in business emphasis from a focus on efficiency to one of value. With change comes risk and organisations face a dilemma between exploitation and responsibility, governance and control and, with secure Data Management, we can unlock the value without the risk. We can turn thechnology into a competitive advantage, helping organisations plan how best to use and protect their data while, simultaneously, increasing its social and economic value.
However, governance will only get tougher and this can be a constraint without the right security measures. The digital economy is powered by the sharing of information and intelligence, with an expected 70% of new value in the next decade created by ‘digitally enabled platform’ business models. By giving organisations the freedom to share information freely and in an orderly manner, we can release them from these constraints, enabling them to fully realise the potential for greater economic prosperity and inclusion.
Each week, we’ll bring you more insight, information and guidance to help you take advantage of your data and, to start, here are some areas for you to consider:
- The benefits of a digital economy must be balanced with responsibility, accountability and trust, with commercial and social strategies underpinned by increasing regulatory governance and complexity. This is not for the feint hearted but is a reality you’ll need to prepare for.
- Effective cyber security safeguards digital trust, spurs innovation and fosters progress, accelerating economic prosperity and inclusion. A robust security posture is a must to help organisations shape and scale corporate governance into a power for good, not a constraint on growth.
- The digital economy is powered by the sharing of information and intelligence, with an expected 70% of new value in the next decade created by ‘digitally enabled platform’ business models. But without the right technologies and skills to implement it, potential will be constrained. Planning the digital transformation of your business will define its future performance and success.