{"id":33806,"date":"2020-10-21T00:16:46","date_gmt":"2020-10-20T18:46:46","guid":{"rendered":"https:\/\/www.technologyforyou.org\/?p=33806"},"modified":"2020-10-21T00:16:46","modified_gmt":"2020-10-20T18:46:46","slug":"gartner-keynote-the-future-of-business-is-composable","status":"publish","type":"post","link":"https:\/\/www.technologyforyou.org\/gartner-keynote-the-future-of-business-is-composable\/","title":{"rendered":"Gartner Keynote: The Future of Business Is Composable"},"content":{"rendered":"<div class=\"posttop\">\n<div class=\"entry-meta\">\n<p class=\"date_author\"><span style=\"font-family: 'trebuchet ms', geneva, sans-serif; font-size: 12pt;\">Contributor:\u00a0<a href=\"https:\/\/blogs.gartner.com\/smarterwithgartner\/author\/kpanetta\/\" rel=\"author\">Kasey Panetta<\/a> | Source: Gartner<\/span><\/p>\n<\/div>\n<\/div>\n<div class=\"col-lg-8 col-md-8 left_content left_text\">\n<article class=\"article_main post-37628 post type-post status-publish format-standard has-post-thumbnail hentry category-it-leadership\" data-gtm-position=\"Body\">\n<p class=\"entry-summary\"><span style=\"font-family: 'trebuchet ms', geneva, sans-serif; font-size: 12pt;\">Organizations must follow the four principles of composable business modularity, autonomy, orchestration and discovery.<\/span><\/p>\n<div class=\"entry-content\">\n<p dir=\"ltr\"><span style=\"font-family: 'trebuchet ms', geneva, sans-serif; font-size: 12pt;\">When COVID-19 hit and Australia went into lockdown, many people lost their jobs. The result was a surge in welfare applications to Services Australia, which provides health, child support and welfare services to 25 million citizens.<\/span><\/p>\n<p dir=\"ltr\"><span style=\"font-family: 'trebuchet ms', geneva, sans-serif; font-size: 12pt;\">There were so many applications, the site crashed.\u00a0<\/span><\/p>\n<p dir=\"ltr\"><span style=\"font-family: 'trebuchet ms', geneva, sans-serif; font-size: 12pt;\">But Services Australia rapidly pivoted to accommodate this surge in demand and made changes to how it traditionally operated. They shifted in-person appointments to phones or online, deployed voiceprint technology to 1.2 million users and saw a 600% increase in the use of digital assistants to orchestrate fast responses.<\/span><span style=\"font-family: 'trebuchet ms', geneva, sans-serif; font-size: 12pt;\">\u00a0<\/span><\/p>\n<p dir=\"ltr\"><span style=\"font-family: 'trebuchet ms', geneva, sans-serif; font-size: 14pt; color: #008000;\">&#8220;Composable business means creating an organization made from interchangeable building blocks&#8221;.<\/span><span style=\"font-family: 'trebuchet ms', geneva, sans-serif; font-size: 12pt;\">\u00a0<\/span><\/p>\n<p dir=\"ltr\"><span style=\"font-family: 'trebuchet ms', geneva, sans-serif; font-size: 12pt;\">The organization created resilience via the principles of composable business \u2014 a key feature of a successful business in 2020 and beyond \u2014 that enabled the agency to provide a safety net for citizens in need.\u00a0<\/span><\/p>\n<p dir=\"ltr\"><span style=\"font-family: 'trebuchet ms', geneva, sans-serif; font-size: 12pt;\">\u201cComposable business is a natural <\/span><a style=\"font-family: 'trebuchet ms', geneva, sans-serif; font-size: 12pt;\" href=\"https:\/\/www.gartner.com\/smarterwithgartner\/why-now-is-the-time-to-accelerate-digital\/\">acceleration of the digital business<\/a><span style=\"font-family: 'trebuchet ms', geneva, sans-serif; font-size: 12pt;\">\u00a0that you live every day. It allows us to deliver the resilience and agility that these interesting times demand,\u201d said\u00a0<\/span><a style=\"font-family: 'trebuchet ms', geneva, sans-serif; font-size: 12pt;\" href=\"https:\/\/www.gartner.com\/analyst\/7521\/Daryl-Plummer\">Daryl Plummer<\/a><span style=\"font-family: 'trebuchet ms', geneva, sans-serif; font-size: 12pt;\">, Distinguished VP Analyst, during the opening keynote at virtual\u00a0<\/span><a style=\"font-family: 'trebuchet ms', geneva, sans-serif; font-size: 12pt;\" href=\"https:\/\/www.gartner.com\/en\/conferences\/na\/symposium-us\">Gartner Symposium IT\/Xpo\u00ae<\/a><span style=\"font-family: 'trebuchet ms', geneva, sans-serif; font-size: 12pt;\">. \u201cWe\u2019re talking about the intentional use of \u2018composability\u2019 in a business context architecting your business for real-time adaptability and resilience in the face of uncertainty.\u201d\u00a0<\/span><\/p>\n<p dir=\"ltr\">Gartner Keynote | Video<\/p>\n<div class=\"vidyard-div-VyuPpP554jpavE3N8PADte\" role=\"application\" aria-label=\"media player\">\n<div class=\"vidyard-inner-container-VyuPpP554jpavE3N8PADte\" data-pl=\"false\"><iframe loading=\"lazy\" class=\"vidyard-iframe-VyuPpP554jpavE3N8PADte\" title=\"Video\" src=\"https:\/\/play.vidyard.com\/VyuPpP554jpavE3N8PADte?disable_popouts=1&amp;v=4.2.25&amp;type=inline\" width=\"100%\" height=\"100%\" frameborder=\"0\" scrolling=\"no\" allowfullscreen=\"allowfullscreen\" aria-label=\"Video\" data-mce-fragment=\"1\"><\/iframe><\/div>\n<\/div>\n<p><strong><span style=\"font-family: 'trebuchet ms', geneva, sans-serif; font-size: 12pt;\">Composable means modularity\u00a0<\/span><\/strong><\/p>\n<p dir=\"ltr\"><span style=\"font-family: 'trebuchet ms', geneva, sans-serif; font-size: 12pt;\">The pandemic highlighted vulnerabilities in business models that for years focused on efficiency. Organizations that were once efficient suddenly became fragile at a time when they needed to be flexible. Businesses that were smart\u00a0<a href=\"https:\/\/www.gartner.com\/smarterwithgartner\/decide-now-how-much-to-recalibrate-it-strategic-plans\/\">pivoted<\/a>\u00a0to a more modular setup, creating a composable business. Organizations were prepared for one type of future, but now must plan for multiple futures.<\/span><\/p>\n<p dir=\"ltr\"><span style=\"font-family: 'trebuchet ms', geneva, sans-serif; font-size: 12pt;\">Composable business means creating an organization made from interchangeable building blocks. The modular setup enables a business to rearrange and reorient as needed depending on external (or internal) factors like a shift in customer values or sudden change in supply chain or materials.\u00a0<\/span><\/p>\n<p><span style=\"color: #008000;\"><strong><span style=\"font-family: 'trebuchet ms', geneva, sans-serif; font-size: 12pt;\">The 4 principles of composable business<\/span><\/strong><\/span><\/p>\n<p dir=\"ltr\"><span style=\"color: #008000;\"><strong><span style=\"font-family: 'trebuchet ms', geneva, sans-serif; font-size: 12pt;\">The idea of composable business operates on four basic principles:\u00a0<\/span><\/strong><\/span><\/p>\n<ul>\n<li>\n<p dir=\"ltr\" role=\"presentation\"><span style=\"font-family: 'trebuchet ms', geneva, sans-serif; font-size: 12pt;\">More speed through discovery<\/span><\/p>\n<\/li>\n<li>\n<p dir=\"ltr\" role=\"presentation\"><span style=\"font-family: 'trebuchet ms', geneva, sans-serif; font-size: 12pt;\">Greater agility through modularity<\/span><\/p>\n<\/li>\n<li>\n<p dir=\"ltr\" role=\"presentation\"><span style=\"font-family: 'trebuchet ms', geneva, sans-serif; font-size: 12pt;\">Better leadership through orchestration\u00a0<\/span><\/p>\n<\/li>\n<li>\n<p dir=\"ltr\" role=\"presentation\"><span style=\"font-family: 'trebuchet ms', geneva, sans-serif; font-size: 12pt;\"><a href=\"https:\/\/www.gartner.com\/smarterwithgartner\/create-a-resilient-business-model-in-the-face-of-covid-19\/\">Resilience<\/a>\u00a0through autonomy<\/span><\/p>\n<\/li>\n<\/ul>\n<p dir=\"ltr\"><span style=\"font-family: 'trebuchet ms', geneva, sans-serif; font-size: 12pt;\">This type of thinking enables a business to survive, and even flourish, in times of great disruption. From a technical perspective, this type of composability is not new to CIOs. It exists in familiar technology, from APIs to\u00a0<a href=\"https:\/\/www.gartner.com\/smarterwithgartner\/6-best-practices-for-creating-a-container-platform-strategy\/\">containers<\/a>. But, it is a new, or perhaps ignored, idea for a CIO\u2019s business counterparts and board of directors. Composable business requires a foundational change in business thinking, architecture and technology.\u00a0<\/span><\/p>\n<p><span style=\"color: #008000;\"><strong><span style=\"font-family: 'trebuchet ms', geneva, sans-serif; font-size: 12pt;\">The building blocks of composable business<\/span><\/strong><\/span><\/p>\n<p dir=\"ltr\"><span style=\"color: #008000;\"><strong><span style=\"font-family: 'trebuchet ms', geneva, sans-serif; font-size: 12pt;\">The three building blocks of composable business are:\u00a0<\/span><\/strong><\/span><\/p>\n<ol>\n<li><span style=\"font-family: 'trebuchet ms', geneva, sans-serif; font-size: 12pt;\"><strong>Composable thinking<\/strong>, which keeps you from losing your creativity. Anything is composable. When you combine the principles of modularity, autonomy, orchestration and discovery with composable thinking, it should guide your approach to conceptualizing what to compose, and when.<\/span><\/li>\n<li><span style=\"font-family: 'trebuchet ms', geneva, sans-serif; font-size: 12pt;\"><strong>Composable business architecture<\/strong>\u00a0ensures that your organization is built to be flexible and resilient. It\u2019s about structure and purpose. These are structural capabilities \u2014 giving you mechanisms to use in architecting your business.<\/span><\/li>\n<li><span style=\"font-family: 'trebuchet ms', geneva, sans-serif; font-size: 12pt;\"><strong>Composable technologies\u00a0<\/strong>are the tools for today and tomorrow. They are the pieces and parts, and what connects them all together. The four principles are product design goals driving the features of technology that support the notions of composability.<\/span><\/li>\n<\/ol>\n<p dir=\"ltr\"><span style=\"font-family: 'trebuchet ms', geneva, sans-serif; font-size: 12pt;\">When combined with the principles, the building blocks of composable business enable organizations to pivot quickly. For example, a Chinese appliance manufacturer pivoted from making dishwashers and wine coolers to distributing critical medical equipment during the pandemic. The company flexed beyond its core competencies, listened to what customers needed at the time and used its platform to move from an idea to a product launch.\u00a0<\/span><\/p>\n<p><span style=\"font-family: 'trebuchet ms', geneva, sans-serif; font-size: 12pt;\">\u00a0<span style=\"color: #008000; font-size: 14pt;\">&#8220;The building blocks of composable business enable organizations to pivot quickly&#8221;.<\/span><\/span><span style=\"font-family: 'trebuchet ms', geneva, sans-serif; font-size: 12pt;\">\u00a0<\/span><\/p>\n<p dir=\"ltr\"><span style=\"font-family: 'trebuchet ms', geneva, sans-serif; font-size: 12pt;\">The more these composable business ideas are integrated within your business model, the more flexibility and agility your organization will have. That means faster response time and more consistency in execution for this new type of business setup.\u00a0<\/span><\/p>\n<p><span style=\"color: #008000;\"><strong><span style=\"font-family: 'trebuchet ms', geneva, sans-serif; font-size: 12pt;\">Leverage existing technologies<\/span><\/strong><\/span><\/p>\n<p dir=\"ltr\"><span style=\"font-family: 'trebuchet ms', geneva, sans-serif; font-size: 12pt;\">Organizations that embraced \u2014 and continue to embrace \u2014 the building blocks and principles of composable business were able to successfully leverage existing digital investments and, the best-case scenario, accelerate investment.<\/span><\/p>\n<p dir=\"ltr\"><span style=\"font-family: 'trebuchet ms', geneva, sans-serif; font-size: 12pt;\">\u201cSixty-nine percent of corporate directors want to\u00a0<a href=\"https:\/\/www.gartner.com\/smarterwithgartner\/prioritize-digital-business-initiatives-to-accelerate-into-the-future\/\">accelerate enterprise digital strategies<\/a>\u00a0and implementations to help deal with the ongoing disruption,\u201d said\u00a0<a href=\"https:\/\/www.gartner.com\/analyst\/10138\/Tina-Nunno\">Tina Nunno<\/a>, Distinguished VP Analyst, Gartner. \u201cFor some enterprises that means that their digital strategies become real for the first time, and for others that means rapidly scaling digital investments.\u201d<\/span><\/p>\n<p dir=\"ltr\"><span style=\"font-family: 'trebuchet ms', geneva, sans-serif; font-size: 12pt;\">These strategies will help organizations handle the global industrywide volatility that will continue well into next year.\u00a0<\/span><\/p>\n<p dir=\"ltr\"><span style=\"font-family: 'trebuchet ms', geneva, sans-serif; font-size: 12pt;\">\u201cYou, the CIOs, can contribute to the evolution of a more powerful and adaptable form of business, architected to deal with continuing business disruptions \u2014 composable business,\u201d said Nunno.<\/span><\/p>\n<p><span style=\"color: #008000;\"><strong><span style=\"font-family: 'trebuchet ms', geneva, sans-serif; font-size: 12pt;\">Key opportunities for CIOs<\/span><\/strong><\/span><\/p>\n<p dir=\"ltr\"><span style=\"font-family: 'trebuchet ms', geneva, sans-serif; font-size: 12pt;\">Look for the \u201cmoments of composability\u201d and seize the opportunity they present. These moments could be geopolitical, like the pandemic and global recession, but they could also be societal, such as a change in consumer attitude. These are moments in which the CIO must recognize the need for an immediate change in the organization or risk having the business falter or fail.\u00a0<\/span><\/p>\n<p dir=\"ltr\"><span style=\"font-family: 'trebuchet ms', geneva, sans-serif; font-size: 12pt;\">\u201cThroughout history, great leaders have faced turmoil and turned it into inspiration,\u201d <strong>said\u00a0<a href=\"https:\/\/www.gartner.com\/analyst\/38539\/Don-Scheibenreif\">Don Scheibenreif<\/a>, Distinguished VP Analyst, Gartner.<\/strong> \u201cComposing: being flexible, fluid, continuous, even improvisational \u2014 is how we will move forward.\u201d\u00a0<\/span><\/p>\n<\/div>\n<\/article>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Contributor:\u00a0Kasey Panetta | Source: Gartner Organizations must follow the four principles of composable business modularity, autonomy, orchestration and discovery. When COVID-19 hit and Australia went into lockdown, many people lost their jobs. The result was a surge in welfare applications to Services Australia, which provides health, child support and welfare services to 25 million citizens. [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":25084,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[17,9231],"tags":[16073],"class_list":{"0":"post-33806","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-pics-and-videos","8":"category-top-stories","9":"tag-opportunities-for-cios"},"_links":{"self":[{"href":"https:\/\/www.technologyforyou.org\/wp-json\/wp\/v2\/posts\/33806","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.technologyforyou.org\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.technologyforyou.org\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.technologyforyou.org\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.technologyforyou.org\/wp-json\/wp\/v2\/comments?post=33806"}],"version-history":[{"count":0,"href":"https:\/\/www.technologyforyou.org\/wp-json\/wp\/v2\/posts\/33806\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.technologyforyou.org\/wp-json\/wp\/v2\/media\/25084"}],"wp:attachment":[{"href":"https:\/\/www.technologyforyou.org\/wp-json\/wp\/v2\/media?parent=33806"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.technologyforyou.org\/wp-json\/wp\/v2\/categories?post=33806"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.technologyforyou.org\/wp-json\/wp\/v2\/tags?post=33806"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}