Hybrid strategies for digital transformation are the key to success in the digital economy. The increasing use of technology and cloud services is forcing companies to make a transition from traditional on-premise solutions to cloud-based ones.
This transition requires a novel approach to business and technology. This is especially true in the industrial sector, where new products and services are constantly being developed. The main hurdle to digital transformation is implementing process changes the right way.
The benefits of a hybrid strategy
Cloud computing refers to the use of a shared, remote infrastructure. The infrastructure is shared by many users, and all users are connected to the same infrastructure. Cloud storage occurs in a virtual private cloud.
Edge computing refers to the use of local, on-premise infrastructure. Edge computing allows companies to use the computing power and resources of local infrastructure, as well as the network bandwidth. Internet of things devices, employee computers, office file servers and mobile phones are examples of edge computing and storage. Edge storage is local, so it boasts faster connection speeds and is available offline.
Edge caching is the process of storing data and information in the network edge, which is closer to the end-user. The main benefit of edge caching is that it allows companies to use the advantages of the cloud while avoiding the typical problems associated with working in the cloud.
Edge caching in the form of an edge gateway has been considered as the primary solution to bridge edge and cloud communication. The main purpose of an edge gateway is to provide the necessary connectivity between the edge and cloud. The gateway sends all the data from local servers and pushes it into the cloud while users can still experience the speed of a local network.
A hybrid strategy is the best approach for many businesses to digital transformation. This combines both on-premise and cloud-based solutions and allows companies to keep their existing processes and infrastructure while developing innovative solutions. It also gives companies the flexibility to use both on-premise and cloud-based solutions, depending on the needs of the business.
Digital transformation is the key to success
Digital transformation is a process of adopting digital technologies and services to improve the performance of a company. It is not necessarily about replacing existing processes with new ones. Instead, the focus is on making existing processes more efficient.
Digital transformation is an integral part of any organization’s strategy across industries. The benefits of this approach are many, as companies can gain the agility needed to keep up with the ever-changing digital environment. Adopters can improve the quality of products and services and can also enhance business models and create new opportunities for growth.
Companies must be prepared to adapt business models and work processes to the latest technologies. Digital transformation is about making the best use of technology to drive productivity and growth. However, implementing digital transformation is a complex process that requires a shift from a traditional IT approach to a more flexible one.
The three pillars of digital transformation: technology, process, people
A digital transformation strategy helps companies implement new processes and improve existing ones. The three-pronged approach involves technology, process and people.
The first pillar of digital transformation is technology. This includes the new products and services that are being developed, as well as the tools used to develop them.
The second pillar of digital transformation is the process of change. This involves new business processes being implemented to support emerging technologies. The process of digital transformation involves the adoption of modern technologies, but these are often only a small part of the overall process. The challenge is the adoption of new technologies, which is often a lengthy and complex process. These processes are also often slow to implement and require significant training.
The third pillar of digital transformation is the people involved and encompasses new skills and capabilities that are being developed, as well as the people who will implement and take ownership of aspects of process. Another facet of this is company culture, which is often one of the biggest obstacles to digital transformation.
Successful examples of digital transformation
With e-commerce on the rise, logistics companies will need to keep up with the growing demand for deliveries. United Parcel Service (UPS), a provider of global shipping and logistics, is a good example of a company that has successfully implemented digital transformation. The company has transformed its operations and processes to ensure that it is ready to respond to the new challenges of the digital economy.
UPS has developed a mapping software that can scan packages and collect signatures called ORION (On-Road Integrated Optimization and Navigation). This technology calculates the most efficient route for deliveries with edge to cloud computing, all with package level detail. Coupled with this, UPS carried out a variety of technological projects grouped under the acronym EDGE (improved global dynamic execution).
McDonald's has also been successful in its transition to digital transformation. The fast-food chain has implemented several cloud-based solutions, including a mobile app and online ordering system. The online ordering system communicates with restaurants and bridges edge to cloud communication. McDonald's also has implemented an online portal between suppliers and its distribution facilities.
The need for a new business model
As organizations move toward cloud-based systems, they must determine the best strategy for implementation. While many organizations are adopting cloud computing to enable more flexible, scalable and cost-effective solutions, some are concerned about security and the ability to manage and control access to cloud-based systems. Others are concerned about data security and the loss of control over the data.
To succeed in the digital economy, companies must adapt to the new requirements of the market. This is why it is essential to adopt a new business model that will enable them to transform products and services.