Enterprises are looking for new ways to meet ever-changing customer needs. From creating innovative solutions and modernizing application and technology landscapes, many are working on transforming themselves and the way they work. However, to bring about any radical transformation, companies need to provide stakeholders with a collaborative technology ecosystem that can channel their collective expertise. A technology garage can provide companies the foundation to accelerate innovation by bringing together best practices, the necessary expertise, and the latest technologies.
Given the fast-changing customer behavior in this post-pandemic world, traditional innovation approaches are proving to be insufficient.
Although innovation remains a strategic focus for enterprises, innovation functions often operate independently without active engagement with the business. Unfortunately, this often fails to deliver business value.
Cultural and organizational drivers are key to fostering cross-functional collaboration within an enterprise, from understanding business problems, ideating innovative solutions, and making them work. What we have found is that enterprises with a start-up mindset and agile work culture have cracked this code of collaboration. However, many large enterprises still have some grounds to cover, predominantly due to their size and varying business demands.
Traditional enterprise architecture designs are “built to last” instead of “built to change.” At times, the rigidity of enterprise architectures can hold companies back from adapting to ever-changing business and customer dynamics.
Lastly, in a competitive and dynamic market, responding to top business needs in a time-bound manner with the right technology interventions and innovations is a solid challenge for many enterprises.
Transformation journeys are challenging, so enterprises need a better understanding of customer requirements and business priorities in order to succeed. They need to break the barrier of siloed innovation, and embrace strategic technologies that help improve time to market, build resilient yet agile architectures, and foster a culture of collaboration. The right frameworks and approaches are critical.
A technology garage framework can strengthen the innovation process through structured ideations, design thinking, and rapid prototyping using modern technology platforms. By bringing together expertise, best practices, prebuilt assets, and technology platforms, it accelerates innovative solution development.
The Forrester Total Economic Impact survey commissioned by IBM reveals that enterprises adopting IBM Garage methodology have generated 10x more innovative ideas, reduced time to market by 67% and release 6x more projects to production. The study reinforces that the technology garage methodology helps enterprises co-ideate, co-design, and co-create reliable, repeatable, and resilient innovative solutions.
TCS has created a virtual technology garage (Colab) that combines our experience and expertise in IBM Data and AI as well as Automation solutions. Colab provides a multi-user collaboration platform to identify customer problems, generate innovative solution ideas, conduct virtual design thinking workshops, create customer journeys, build reference architectures, and rapidly create minimum viable products.
Additionally, Colab has a repository of pre-built reference architecture and repeatable modernization frameworks for IBM Data and AI and Automation solutions, which can be customized or used as-is. The platform has AI-driven recommendation engines that suggest pre-built assets and accelerators relevant to specific scenarios. What’s more, an AI summarization engine provides a report of your ideation and design thinking sessions.
The way forward
Tata Consultancy Services and IBM believe that efficient cross-functional and organizational collaboration along with the right expertise, practices, and technologies can help enterprises quickly transform ideas into demonstrable business value.
Colab helps to make the most of the synergistic partnership between TCS and IBM, and accelerates time to market and enterprise transformation with cross-organization collaboration, co-innovation, and best-of-breed architectures.
The post Accelerating enterprise transformation with TCS’ tech garage appeared first on IBM Business Operations Blog.
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