AUGUST 2017CIOAPPLICATIONS.COM8Expectations of an ExecutiveThe biggest challenge is the failure of enterprise software companies to transform themselves at the rate consumerization occurs in software technology. The extent of innovation in user experience by the enterprise software companies is not fast enough to support the needs of the market. As a result, the enterprise software market has fragmented itself significantly, with hundreds of point solutions, all of which cover a small portion of business operations in terms of user experience and most does its job well. Proliferation of these, however, has made every enterprise equally fragmented in terms of data, and having a real-time view of the enterprise becomes almost impossible.Having a plug-in architecture with a global standard for enterprise data would be ideal for managing this complexity, but I don't believe this is something we can expect any time in the near future. Achieving the 360 Degree ViewIn a world of digitalization and speed, having a 360-degree view of not only the customers but every entity that interacts with the business is becoming extremely important. Having this in real time is, indeed, the nirvana for enterprise users.Over the last decade, leading hypotheses by many experts suggested we build an "enterprise bus" to realize this. But the results are nothing that we can celebrate in terms of realization. Most organizations are still trying to build the correlations and 360-degree view with various business intelligence platforms; obviously, this ends up in unsustainable complexity and not at all "real time". The only way to realize a real-time digital enterprise is by building the enterprise software stack in a homogeneous platform, as well as building a device-agnostic and application-agnostic user experience from the ground up that merges transactions and analytics together in one high performing platform utilizing in-memory computing advancements. Not easy, but doable if we apply the right thought leadership and abstraction. At the Life Science Business of Merck KGaA, Darmstadt, Germany, we are already on a journey to build the first real-time digital enterprise of the future, integrating Sigma-Aldrich and EMD Millipore together to create the world leader in the life science industry. CompetitionThe life science industry is about helping researchers solve the toughest problems facing humanity in the future. A leadership position in this industry is based on having a portfolio of hundreds of thousands high quality products in millions of different quantities and combinations for use in various research experiments. Another component of the competitive advantage is the ability to aggregate contents from various research sources and provide a single discovery platform for In My OpinionTECHNOLOGICAL EDGE IN LIFE SCIENCE SECTORSILJI ABRAHAM, VP & CIO, MILLIPORESIGMASILJI ABRAHAM, VP & CIO, MILLIPORESIGMA
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