Strategic Foresight - Insights in Business and Technology

WIP - more to come ....

Weekend Reading  Why Bioscience can change the world “Eric Schmidt…thinks the next big thing is the “bioeconomy”, not the internet. This catch-all label, Schmidt explained to me at the Aspen Ideas forum last month, describes “the use of biological processes to make use of things that we consume and manufacture… advances in essentially molecular biology… plus advances in AI have allowed us to do new techniques and grow new things.” Helpfully, he listed a few innovations this economy might include: new plastics that naturally degrade without polluting water, “biologically neutral” cement that does not hurt the environment, soil microbes that reduce fertiliser use, soy-based roof-coating that reduces urban heat and, my favourite, compostable dining ware such as edible forks. Put another way, the bioeconomy is based on stuff that is grown using synthetic biology.” The phases of Fit - "Product market Fit for Startups" What can Influence Sellers Decision What Students need to l...

IT Sales Business Case Drivers - Single Page View -- The nature of the IT Industry has evolved in a post-digital era. Today, IT is primarily divided into 2 domains, that is Traditional (inc. legacy) and Digital.  Traditional technology and domain are about cost management, risk mitigation and functional fulfilment, whereas Digital is about revenue protection and generation (demand generation), taking risks and creating new seamless experiences.  With this segmentation of IT and its business function in play, the positioning of Sales Business Cases and Calibrating triggers has changed in the Digital Era.  Key factors to influence are highlighted below:  Growth Enabler  IT is Linear  Digital is Exponential  Complexity Resolution   IT is about Predictability   Digital is through Resilience, Adaptability, Scale  Competition  IT - against the Companies  Digital - against the Companies and their Ecosystem  Spending...

 Distributed Cloud Battle - AWS vs Google

CIO Priority for OPEX Relief by Reducing Spend on  Collaboration software  Data centre build-out  Consulting  Infrastructure hardware  ERP applications CIO Priority for driving Growth by Increasing Spend on  Digital transformation  Cloud, AI, ML, RPA Cost Arbitrage levers like Outsourcing and Offshoring Data warehouse, Business intelligence, Analytics Security software 

  Source Gartner IT Spending Trends 2022

 Inflation Impact on IT - Levers to Address With steep rises in IR, #buyers need to de-risk their #DigitalTransformation dollars for revenue generation & will ask #ITServices providers to share the risk. This is a certainty for buyers who are behind in their digital journey. #strategy #future #economy #Australia #IT  -- What is Driving Inflation Today

Credit: visualise team

 Digital IT and Cloud Impact on Master Services Agreement (MSA) and Sourcing

  Source: CIO

 

  More on Digital Transformation is here   I would like to mention that this POV is widely used globally and is referenced by a very popular blog run by Rick.  More details here   

   Source: Gartner

Real Options Valuation (ROV): A complex technique than TCO, ROI and EVA. It is based on the financial estimation techniques used in stock options theory. ROV is used to modify the ROI calculation by considering the value that the current project could contribute to future projects. This approach typically enhances the ROI of projects such as IT infrastructure. The cost of implementing a whole new infrastructure for just one project for one business unit’s needs is so burdensome that no one business unit could ever justify starting the new infrastructure. However, the overall value of the new infrastructure to all the business units in the organization could be huge. ROV provides a technique for justifying that first project based on the future derived value. Return on Assets (ROA): A popular measure for the performance of companies, ROA can also be applied specifically to IT assets.ROA for IT assets can be calculated by isolating the IT-specific assets from the organisational ass...

Total Cost of Ownership (TCO): It seeks to capture the full cost of an IT asset from initial purchase through implementation and operation to maintenance and “end of life” costs. This is a cost-based approach that does not equate to value. It is useful for measuring IT value because it allows comparison of alternative implementations that will meet the same business need and, presumably, have very similar values to the business. If the TCO of one alternative is significantly less than the others, it represents better value for money. It includes consideration like training costs, security costs, scalability costs, and the costs of reliability deficiencies. TCO incorporates perspectives that are not purely financial. Limitation: It involves predicting future costs. This limitation can be minimised over time by tracking actual costs but, by then, the investment decision has been made. Return on Investment (ROI): It means calculating the revenue that the business generates or the c...

A great slide on Benchmarking  IT spend averages across the industry Source : Gartner.com  Source : Forrester.com

ThoughtWorks has come a long way from being an Agile practising and consulting company to a product offerings company. Founded by Neville Roy Singham, as a Management Consulting Firm under the name of Singham Business Services in 1992, it relaunched itself as ThoughtWorks after three years of its inception to focus on building software. ThoughtWorks is now a leading global company when it comes to Agile Development and Practices. It is helping businesses across the globe with their consulting practices which include, Agile coaching and mentoring, S/W Development and Delivery and now products suite under the initiative of Thougtworks Studio People who are in consulting business can learn few things from them: 1. Be Agile to market forces, prefer people to process. 2. Strategic Resourcing and Innovation - it follows a different model for hiring its workforce, people who already have a good profile in an open-source project are most likely to be hired and will be allowed to contin...