Info-Tech Research Group's latest blueprint offers actionable
strategies for organizations to innovate and stay competitive in a
rapidly evolving digital landscape. By embracing advanced
technologies and innovative IT practices, organizations can
transform their product development approaches and drive
sustainable growth in the era of Exponential IT.
TORONTO, July 18,
2024 /CNW/ - As organizations strive to stay
ahead in the digital age, they face significant challenges in
adopting advanced technologies such as artificial intelligence and
machine learning. With rapidly evolving market dynamics, increased
competition, and the need for continuous innovation, organizations
must strategically transform their IT product practices. To address
these challenges, Info-Tech Research Group has published its latest
blueprint, Build Your Exponential IT Product Practice. This
research provides a structured framework and actionable insights,
equipping product teams with the tools necessary to navigate the
complexities of modern and exponential technologies and remain
competitive in a fast-paced market environment.
"Exponential IT has changed the way leaders discuss how their
organizations should operate, the value they want to deliver, and
the roles technologies play," says Andrew Kum-Seun, research director at Info-Tech
Research Group. "Product leaders must now become organizational
leaders who unlock the many business opportunities exponential
technologies bring and manage the risks and costs that come with
them. However, many product leaders are ill-equipped and too
inexperienced to meet this expectation and gain value from the
rapid and disruptive changes happening around them."
Info-Tech's research highlights a shift in product practices
that embrace and support exponential technologies. This transition
presents challenges and barriers for organizations, which often
show little motivation or tolerance for changing existing IT
operating models and working methods. Additionally, investments in
legacy technologies hinder organizations from realizing the full
benefits of Exponential IT. According to Info-Tech's Annual CIO
Survey Report 2024, 88% of CIOs have at least begun exploring the
possibilities of AI this year, underscoring the importance of
leveraging exponential technologies for competitive product
development in the coming years.
"Exponential IT requires product leaders to build and
optimize their product practices and portfolios with the
expectation that change is constant and disruptive," adds
Kum-Seun. "They must adopt technology-agnostic delivery and
management capabilities adaptable to evolving stakeholder desires
and needs. This transformation journey begins with understanding
the business problem your teams must solve, embracing user-centric
and AI-first principles, and scaling solutions delivery and
management foundations using Exponential IT capabilities."
The firm's blueprint further emphasizes the importance of
setting realistic, achievable goals to drive business value and
align with key business priorities. The research details the
necessity for product leaders to keep their products and practices
relevant while capitalizing on opportunities and minimizing threats
posed by emerging technologies.
In its latest research, Info-Tech outlines three critical
factors for organizational leaders looking to innovate with
exponential technologies:
- Deliver Autonomously: AI and ML should become the
standard, not the exception. IT should manage a portfolio delivered
via embedded and ubiquitous AI/ML functionality, ensuring these
technologies are seamlessly integrated into daily operations.
- Creators, not Coders: Organizations should deliver
outcomes via natural language, embracing "platform as a product"
and using natural language and low-code/no-code tools to enable
AI/ML-driven capabilities and solutions. This approach allows for
greater flexibility and innovation in product development.
- IT as Stakeholders, not Order Takers: Business
relationship management (BRM) practices need to evolve to elevate
IT's position at the table, making IT a true business partner. IT
should take accountability for the technology that drives business
capabilities, ensuring alignment with organizational goals and
strategic priorities.
Info-Tech's comprehensive blueprint offers practical guidance
for IT leaders to build and optimize their Exponential IT product
practices. By addressing the inherent challenges and leveraging the
transformative potential of advanced technologies, organizations
can pave the way for innovation and sustained competitive
advantage. Embracing Exponential IT principles enables product
teams to deliver greater value, adapt to constant change, and drive
business growth in a rapidly evolving market. This strategic
approach will be key to staying ahead in the digital age and
ensuring long-term success.
For exclusive and timely commentary from Andrew Kum-Seun, an expert in Agile development,
DevOps, and lean development, and access to the complete Build
Your Exponential IT Product Practice blueprint,
please contact pr@infotech.com.
Info-Tech LIVE 2024
Registration is now open for Info-Tech Research Group's annual
IT conference, Info-Tech LIVE 2024, taking place September 17 to 19, 2024, at the iconic Bellagio
in Las Vegas. This premier event
offers journalists, podcasters, and media influencers access to
exclusive content, the latest IT research and trends, and the
opportunity to interview industry experts, analysts, and speakers.
To apply for media passes to attend the event or gain access to
research and expert insights on trending topics, please contact
pr@infotech.com.
About Info-Tech Research Group
Info-Tech Research Group is one of the world's leading
research and advisory firms, proudly serving over 30,000 IT and HR
professionals. The company produces unbiased, highly relevant
research and provides advisory services to help leaders make
strategic, timely, and well-informed decisions. For nearly 30
years, Info-Tech has partnered closely with teams to provide them
with everything they need, from actionable tools to analyst
guidance, ensuring they deliver measurable results for their
organizations.
To learn more about Info-Tech's divisions, visit McLean &
Company for HR research and advisory
services and SoftwareReviews for software buying
insights.
Media professionals can register for unrestricted access to
research across IT, HR, and software and hundreds of industry
analysts through the firm's Media Insiders program. To gain access,
contact pr@infotech.com.
For information about Info-Tech Research Group or to access the
latest research, visit infotech.com and connect via
LinkedIn and X.
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SOURCE Info-Tech Research Group