Keynote definition3/19/2023 “Sixty-nine percent of corporate directors want to accelerate enterprise digital strategies and implementations to help deal with the ongoing disruption,” said Tina Nunno, Distinguished VP Analyst, Gartner. Organizations that embraced - and continue to embrace - the building blocks and principles of composable business were able to successfully leverage existing digital investments and, the best-case scenario, accelerate investment. That means faster response time and more consistency in execution for this new type of business setup. The more these composable business ideas are integrated within your business model, the more flexibility and agility your organization will have. “ The building blocks of composable business enable organizations to pivot quickly” The company flexed beyond its core competencies, listened to what customers needed at the time and used its platform to move from an idea to a product launch. For example, a Chinese appliance manufacturer pivoted from making dishwashers and wine coolers to distributing critical medical equipment during the pandemic. When combined with the principles, the building blocks of composable business enable organizations to pivot quickly. The four principles are product design goals driving the features of technology that support the notions of composability. They are the pieces and parts, and what connects them all together. Composable technologies are the tools for today and tomorrow.These are structural capabilities - giving you mechanisms to use in architecting your business. Composable business architecture ensures that your organization is built to be flexible and resilient.When you combine the principles of modularity, autonomy, orchestration and discovery with composable thinking, it should guide your approach to conceptualizing what to compose, and when. Composable thinking, which keeps you from losing your creativity.The three building blocks of composable business are: The building blocks of composable business Composable business requires a foundational change in business thinking, architecture and technology. But, it is a new, or perhaps ignored, idea for a CIO’s business counterparts and board of directors. It exists in familiar technology, from APIs to containers. From a technical perspective, this type of composability is not new to CIOs. This type of thinking enables a business to survive, and even flourish, in times of great disruption. Better leadership through orchestration.The idea of composable business operates on four basic principles: The modular setup enables a business to rearrange and reorient as needed depending on external (or internal) factors like a shift in customer values or sudden change in supply chain or materials. Read more: 8 Macro Factors That Will Shape the 2020sĬomposable business means creating an organization made from interchangeable building blocks. Organizations were prepared for one type of future, but now must plan for multiple futures. Businesses that were smart pivoted to a more modular setup, creating a composable business. Organizations that were once efficient suddenly became fragile at a time when they needed to be flexible. The pandemic highlighted vulnerabilities in businesses models that for years focused on efficiency. “We’re talking about the intentional use of ‘composability’ in a business context - architecting your business for real-time adaptability and resilience in the face of uncertainty.” It allows us to deliver the resilience and agility that these interesting times demand,” said Daryl Plummer, Distinguished VP Analyst, during the opening keynote at virtual Gartner Symposium IT/Xpo®. “Composable business is a natural acceleration of the digital business that you live every day. The organization created resilience via the principles of composable business - a key feature of a successful business in 2020 and beyond - that enabled the agency to provide a safety net for citizens in need. “ Composable business means creating an organization made from interchangeable building blocks” They shifted in-person appointments to phones or online, deployed voiceprint technology to 1.2 million users and saw a 600% increase in the use of digital assistants to orchestrate fast responses. There were so many applications, the site crashed.īut Services Australia rapidly pivoted to accommodate this surge in demand and made changes to how it traditionally operated. The result was a surge in welfare applications to Services Australia, which provides health, child support and welfare services to 25 million citizens. When COVID-19 hit and Australia went into lockdown, many people lost their jobs.
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