A recent study by IBM and the National Institute of Economic and Industrial Research “Reinventing Australian enterprises for the digital economy” https://www-07.ibm.com/au/eraofsmart/ predicts that a new generation of managers will drive a step change in business models, making much more use of digital technology for improving visibility and agility of their operations. IBM has identified the key digital technologies driving this step change as Analytics, Mobile, Cloud and Social Media.
But experience would suggest that companies will struggle to deliver on the promises of these technologies without the discipline of Enterprise Architecture. Enterprise Architecture is a proven catalyst for achieving stronger alignment between IT strategy and business goals – this alignment is becoming increasingly important as Cloud services transform the function of IT departments from service provider to service brokerage and advisory. Architectural Governance will be imperative to manage and maintain IT capabilities across various Cloud service providers. As the dynamics of the IT environment accelerate, more and more care will be needed to rationalise services, leverage reusable assets and drive time to market – all core functions of a solid Enterprise Architecture approach (http://www-01.ibm.com/software/info/itsolutions/enterprisearchitecture/).
Those companies with a robust Enterprise Architecture function will need to bolster their capabilities to embrace the challenges of the Digital Economy. Others who lack maturity in Enterprise Architecture will swiftly need to improve in order to maximise the benefits of Analytics, Mobile, Cloud and Social Media.