Tapping into Enterprise Intelligence – to the network and beyond!
Private enterprises are finding new ways to grow their businesses, achieve digital transformation and automate processes. For the public sector, adopting rapid digital transformation provides more efficient citizen services. 89% of CEOs surveyed by IDC see it as “absolutely critical” or “very important” to have the right technology leader in place to drive digital transformation.
Organisations and governments across the Asia Pacific are also grappling with ever evolving cyber threats and the growth in ransomware. Along with this, cyber skills shortages are reaching crisis point, with 46% of Australian firms citing lack of talent as their biggest challenge, according to the KPMG Global Tech Report 2022.
Supply chain shortages, demographic shifts, rising costs, the need to improve customer experiences, competition and economic uncertainty are putting tremendous pressure on businesses.
Leaders are realising that they now need to embrace new ways of working and set out a strategy that brings together disconnected systems to create powerful, scalable platforms that enable innovation and change.
Seeing around corners with Enterprise Intelligence
The network is the foundation for distributing insights to any organisation. To obtain data, analytics or insights leveraging AI and machine learning (ML), you need a highly efficient network (including 5G and edge compute) to collate and process data to enable near real-time decision making.
Enterprise Intelligence represents a major shift in how large businesses and governments achieve digital transformations. It encompasses an approach for large enterprises to aggressively transform and digitise all parts of their business. Enterprise Intelligence will drive growth and new revenue streams, improve customer and user experiences, achieve efficiencies through automation, and address sustainability goals.
Almost half of CEOs surveyed by Ernst & Young (47%) see technology as key to customer engagement and maintaining or improving margins. That has sparked changes in the way enterprises meet consumer demand through digital channels.
Enterprise Intelligence means tapping into vast quantities of data that may also be unused. This can enable better forecasting of demand and customer needs. It means making supply chains smarter, more dynamic, and more resilient. And it means using automation to cut downtime & waste and increase productivity.
What does this look like in practice? Organisations that achieve Enterprise Intelligence will be more agile, more resilient to events beyond their control, and are likely to be more successful. The insights these organisations will have access to, will give them the confidence to act and the ability to deliver quickly. They’ll be able to think like a start-up while taking care of the bottom line. Instead of worrying about cost cutting, they’ll be able to proactively look for the idea that will grow revenues by 10X to 100X. And when they find it, they’ll be able to capitalise on it quickly, not be encumbered by legacy systems and inflexible networks.
Applying Enterprise Intelligence to Asia Pacific
We know transforming an enterprise is not easy. Now, organisations are struggling to meet consumer demands while contending with global factors that continually shift. According to Statista, supply chain challenges cost organisations a combined average of US$182 million in lost revenue in 2021, and history reminds us that the next disruption could happen at any time.
Many industries in the Asia Pacific are seeing emerging regulations around cyber resilience, data sovereignty and stronger environmental, social and governance (ESG) measures. The general population no longer considers cost a primary concern in purchasing, but has a stronger focus on more sustainable purchasing.
Connecting the dots with Enterprise Intelligence starts with the network and improves interconnectivity between processes and systems, providing insights to help make business and government smarter.
The network needs to power new, real-time applications from innovative partners. Examples include the apps the Phoenix Suns use to help turn biometric data into results in the standings. And upgrading the network while simplifying operations, like Associated British Ports (ABP). By moving from public 4G in one of the UK’s busiest ports to a private 5G network, ABP is boosting efficiency and productivity and worrying less about the network.
Verizon can align to multiple stages of the transformation journey as its clients’ needs dictate.
For example, real-time video monitoring automatically identifies and alerts when individuals are stepping into hazardous or no-go locations in industrial environments.
Verizon can help source the right partners that have developed specialist applications and work with them to create an integrated proof of concept before mainstream deployment.
Some organisations may already have the technology solution defined and require security expertise and integration with Verizon’s global network.
Tomorrow’s successes will go to those who prioritise digital innovation to build smarter, more efficient and more agile enterprises. Becoming one of these leaders means uniting disconnected parts of the business and enabling secure, smarter insights and more informed decision-making. Verizon can show you how to do just that.
Don’t just connect your business. Make it even smarter. To learn how your business can adapt to change in near real time, visit the Verizon website and see Enterprise Intelligence in action.
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