Industry Cloud Platforms
By 2027, more than 50% of enterprises will use industrial cloud platforms to accelerate their business initiatives.
1. Business Value
Cloud Industry creates value for organizations by traditionally combining separately purchased cloud services into pre-integrated yet customizable (composable) industry-relevant solutions. As such, they can increase organizational agility, speed up innovation, and accelerate time to value.
2. How ICP Drives Scale
ICP enables the transition from generic solutions to platforms designed to fit the industry-specific characteristics of users.
3. Contribution of Technology to Business Strategy
- Increase the revenue
- Digital acceleration
4. Use Cases
Intermountain Healthcare selected a platform from a hyperscaler to help it support positive end-user experiences, while innovating to keep up with changing business needs. The organization's initial strategy was to use the majority of the stack from that vendor, but the organization's enterprise architecture team wanted to maintain the flexibility to continuously evaluate alternative solutions and transition from an order taker into a proactive source of ideas and innovation.
Hangzhou, one of China's most populous cities, has partnered with Chinese technology company Alibaba to build a platform that helps manage congestion and streamline daily operations in the city. city. The platform's “brain of the smart city” combines digital infrastructure, central data platforms, and large applications. Following implementation, the city dropped in its congestion ranking, falling from the fifth most congested city in China to fall out of the top 50.
5. Technical Profile and Value
ICP combines software, platforms and infrastructure as a service (IaaS) with tailored, industry-specific functionality that can more easily adapt to the constant stream of disruption in their industry.
Enterprises can use the packaged business capabilities (PBCs) of ICPs as building blocks to create unique and differentiated digital initiatives. That delivers agility, innovation and reduces time to market, while avoiding lock-in.
6. Main Implementation Steps
- Target ICPs to complement existing portfolios (as outlined) with new capabilities that add significant value rather than completely replacing largely existing functionality with state-of-the-art technology .
- Create enterprise-wide understanding and support for the cloud industry journey by engaging business technologists and data management teams to support the cloud. Establish such teams if they do not already exist.
- Develop rules for when to deploy ICP capabilities as an effective platform to optimize and modernize by improving existing processes and when to actively reorganize them to create more differentiated innovation and transformation initiatives.