Jedox Gold Partnership

Dated : July 6, 2020

When we start any new business, it is logical to set up different departments so that there is enough focus on the respective business functions. As the organization grows, the manpower and processes in each department increase manifold. To support the specific needs of these departments, specialized IT tools are being developed. Over time, a lot of complexity is built into integrating these systems so that they can exchange data.

In order to compete in an ever-changing fast-paced business environment, We must eliminate the inefficiencies that come when different departments in an organization don’t talk to each other. Sometimes, translating business strategy to a feasible operating plan becomes a challenge without efficient collaboration.

IT applications were meant to improve process efficiency and significantly reduce costs. But, talking to many business users across various organizations, the feedback is :

• IT applications take a longer time to implement any new business requirements.
• Changes are always as expensive (if not more) as the initial implementation
• Making end to end processes work across heterogeneous systems is next to impossible

I believe it is time to re-evaluate the whole thought process around Enterprise business applications. The processes across departments are more interconnected/interdependent and the enterprise data should flow seamlessly across all these departments.

What if we build an Enterprise Business Management Platform that works as an operating system for the whole organization? Think of a system that can provide:

Data definition & management, Intelligent scheduling & data routing capabilities, Micro services that are specific to each business function and yet give flexibility to the end-user to determine the usability aspects in the presentation layer

By taking out the complexity around integrating current application silos, multiple software licenses, and outdated technology stacks, the focus can be on:

• Providing business continuity and flexibility to quickly adapt changing needs.
• Reducing the cost of overall IT footprint
• Leveraging best in class technology
• Preparing for the future in new areas like Machine Learning, RPA, Bots, etc.

Do you see a business case for such a big IT transformation?