Why will you SMAC your Business Model in this new digital age?
To effectively make use of emerging technologies to develop innovative solutions
To lower the total cost of ownership (TCO)
To leverage the IT infrastructure in a more efficient manner
To increase operational efficiency, reduce costs
To improve decision making capabilities
To deliver products/services in a more systematic way anywhere anytime
To exponentially increase productivity and Return on Investment (ROI)
For effective collaboration with different stakeholders (customers, employees and vendors)
For extended customer reach to generate more revenue
To be Business-centric, improve customer engagement and satisfaction …show more content…
The other four waves are the Mini Computer, Mainframe, Client/Server and Internet.
Before adopting it as an integral part of your strategy, one should actively involve in fair assessment of any risks in the existing business model, data, organization size, applications, technology, key processes, etc., need to be performed to create an effective policy.
More significantly, harness the multiplying effects or power of SMAC technologies, to reap benefits. Exploit the SMAC Platforms and emerge as a winner.
Social Media: Regardless of industry, Social Media acts as a powerful tool for business presents a chance to reach a wider set of audiences, since billions of individuals have logged on to different Social Networking sites. Some of the best examples are Facebook, Linkedin, Twitter, Pinterest, Snapchat, Foursquare, …show more content…
Analytics: Enterprises across the globe relies heavily on Analytical tools like Big Data, which plays a crucial role in analyzing large chunks of data obtained (structured & unstructured) via social, mobile and cloud to get valuable customer insights and to drive business forward.
It is pretty important to turn that analysis into a smart decision in real time and designing implementable strategies for better business outcomes. The usage of Business Analytics can be expanded to different functional areas in your organization to measure success.
On the other hand, it also helps in better understanding of the customer needs to deliver what they want, cost-reduction, increased productivity and sales, predicting market trends,