The Paradigm Shift Towards Unlimited Opportunities and Growth

The Paradigm Shift Towards Unlimited Opportunities and Growth
July 20, 2022
5 minute read

Digital Business presents unlimited opportunities through a Single Source of Truth (SSOT) for decision making and continuous innovation and experimentation with minimal investment.

Why Digital Business Drives Growth and Profitability without Disrupting Current Business

Two fundamental components that make it possible

Single Source of Truth (SSOT)

Data that everyone can trust to give the right insights for new ideas and effective operations.

Innovation

A culture of experimentation and the ability to create new digital products with speed.

Together it creates a value stream across the company, with reusable digital assets.

Digital Transformation vs Digital Business

They may seem the same, but they are not.

Digital Transformation
  • Technology takes the lead and tries to drive change
  • A big-bang approach to boil the ocean with little focus on outcomes
  • Focuses on technologies and solutions with big investments
  • Takes an app-based approach, adding further complexity
  • Complex and perpetuates a silo-ed approach
  • Can take months to deliver results
  • Innovation requires heavy investment
Digital Business
  • Business takes ownership and collaborates with technology
  • Incremental approach leveraging existing resources to achieve bite-sized outcomes
  • Leverages data intelligently to make smarter decisions
  • Takes product engineering approach creating reusable digital assets
  • Focused on simplification and collaboration
  • Begins to deliver results in weeks
  • Continuous experimentation and innovation at low investment

How Altimetrik Enables Digital Business

By converging the entire business, technology, and operations on an agile model.

Altimetrik is a catalyst and digital partner to enable digital business without interruption. Through collaboration, we eliminate silos and develop innovative digital products with speed.

The Altimetrik Blueprint
1. Business Practitioners
  • Business practitioners facilitate with customer to:
  • Simplify end-to-end processes
  • Assesses the need
  • Creates end-to-end roadmap
  • Breaks into smaller sprints

2. Disciplined Agile Engineering Teams

  • Formed as agile scrum teams
  • Work in short iterations with practitioners
  • Deliver results in high frequency

3. Business Digital Platform

  • Agile, cloud-based environment for end-to-end execution
  • Standardized engineering focused on reusable asset creation

Customer business takes ownership to drive outcomes. Continuous collaboration between business and technology to make data-based decisions from the SSOT aligned to business needs and timing.

Altimetrik Unique Approach

Bringing together the key ingredients to enable Digital Business

Talent

Business Practitioners – the solution providers for business outcomes through run ahead teams, simplification of end-toend processes, and breaking it into smaller sprints.

Technology Practitioners – agile and collaborative, converging business and technology to build outcomes and delivery speed.

This is rare talent that we are highly focused on finding globally. In fact, our selection rate to find the people who can drive this new way of thinking is 10%.

Increased Productivity

Product Engineering approach that goes from low code to no code, is component-based building reusable assets leveraging existing resources.

Data Driven & Experimentation

Data gathered from across the enterprise and orchestrated into a SSOT empowering business and technology collaboration to make decisions and build new digital products faster.

Faster Outcomes

Outcomes achieved with speed and at an overall reduced cost due to increased productivity in teams and agility in solving problems.

Creating a Single Source of Truth (SSOT) for Data

For many companies, data is decentralized and not digitized, collaboration is absent, silos are blocking outcomes and results are hard to achieve.

Regardless of data sources or technology our practitioners overcome these challenges by digitizing the data and simplifying end-to-end workflows in bite-sized pieces. They bring it all together to connect and analyze the data in small use cases that converge into the SSOT.

SSOT is extremely valuable for functions like demand, supply chain, inventory management, customer behavior among others.

Successful Products and Solutions come from Innovation and The Art of Experimentation

Not a big bang approach, innovation and experimentation is best achieved through bite-sized pieces.

Shifting the lens:

Empowering employees to ideate and create simple solutions.

Even a proof of concept is a product that can be reused.

Build assets and accelerators that are reusable and scalable.

The flow is simple, and NOT cost intensive:

Innovate. Experiment. Prove the Concept. Productize

Integrate Digital Business into Operations

The idea is not to disrupt current systems and technologies, but to orchestrate them along with the SSOT and launch into the business operations.

Digital business does not change any existing system such as an ERP or operations management tools.

Where do you start

Companies, especially mid-sized ones, don’t know where to start and are deterred by large companies making big investments without clear outcomes.

Digital business is not a choice, it is the path forward.

Start by identifying the pain points.

For example, lack of knowledge of cash tied up in the supply chain could depress operational margins and profits. No insight to customer buying behavior prevents the right product gets to the right customer at the right time.

1. Create SSOT for each business function.
2. Bridge the business functions across the enterprise.
3. Create SSOT at enterprise level.
4. Create culture of innovation & experimentation to build digital products.
5. Achieve Business Outcomes.
Find a catalyst and strategic partner

The right partner learns the current operational challenges, simplifies the process while digitizing data sources as required and creates roadmaps to solve business pain points and achieve desired outcomes.

Collaboration, the vital link

The CXOs play a pivotal role in driving the culture of collaboration to break the silos among teams. Lack of collaboration leads to productivity loss, confusion, and business takes a major hit.

Digital Business is directly proportional to the culture of the organization. It must be driven by the CEO and monitored regularly. To achieve the CIO vision business and technology work with the right partner to drive digital culture and collaboration across the enterprise.

Altimetrik increases collaboration with the client and convergence between the business and technology to create the roadmaps for growth.

Culture of collaboration is crucial to make this happen.

Digital business focuses on effective outcomes that your business needs for growth and profitability, by creating a SSOT, and a culture of innovation and experimentation, that is simplified and easily launched into operations.

Accelerate your digital evolution

Your vision, our expertise—let’s make it happen.