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New Media and New Digital Economy Ventures

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[Berlin Skyline TV Tower River Spree]

 

 

"If you are depressed you are living in the past.
If you are anxious you are living in the future.
If you are at peace you are living in the present."
-- Lao Tzu
 

 

 

In 1995 everyone in tech wanted a slice of the dot-com boom, but today, fields like artificial intelligence (AI), machine learning (ML) and big data drive the tech venture capital (VC) of the world to dig into their pockets. Computer vision is at the intersection of all these data-driven innovations. 

The life cycle of information technology is becoming shorter every year. New competitors are disrupting industries by leveraging state-of-the-moment digital practices and processes. Customer expectations are constantly evolving in an accelerating race for the most advanced, hyperconnected, seamless experiences. IT functions are under unrelenting pressure to support leading-edge capabilities such as data analytics, cybersecurity, automated processing, and integration with third-party systems. The easiest way to do this is through platforms that connect everyone to the same cloud-based cross-industry digital infrastructure.  

In this context, your company’s legacy IT system, which seemed so capable a few years ago, is rapidly becoming obsolete. The systems modernization you need today is more than an upgrade; you’re playing a new game with new rules, in which you modernize not just the tools and functions, but the way you do IT. The vendors are largely the same, but the options and principles of the past no longer apply. Hardware no longer stands alone. Sensors and Internet connections are embedded in practically every tool, including those that used to be purely mechanical. Software is no longer sold as a package to install. It is offered as a platform, by subscription from the cloud, is automatically upgraded, and is programmed in new ways.  

Yet some of the most important factors have not changed at all. Organizations must remain focused on their competitive edge. Modernization efforts must create value for the enterprise. Investors and other stakeholders are as demanding as ever. 

Understanding what to get right - the elements of your IT system necessary to reach your goals - is essential. Knowing how to get it right - how to plan, sequence, invest, design, and engage the enterprise around your technological modernization - is equally important.

 

 

[More to come ...]



 

 

 

 

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