As technology becomes increasingly essential, technology leaders (Chief Information Officers, Chief Data Officers, and Chief Digital Officers) must establish their roles at the strategic table. Technology is not just about moving to the cloud, embracing new IT solutions, or collecting data from disparate data sources but becoming a core driver of business value. Technology leaders must work with business partners to maximize business value, innovate, enhance customer experience and make the business future-proof.
Framolens collaborates with technology executives, enabling them to play a critical role in assisting their organization in developing technology-infused business strategies. Framolens partners with business and technology executives to clarify the "Purpose" and guide business strategy development, drive value, and communicate it internally and externally. Framolens also assists technology executives in identifying dependencies across digital, data, and IT to develop a unified strategy.
As a result, technology executives will transform from being service providers to trusted advisers by:
The wave of technology-fueled disruptions, changing customer behaviors, and market volatility have already transformed many functions and processes within an organization, and it's just getting started. It had made the traditional ill-suited strategy development and execution process obsolete, where the creation of strategy was an annual, rigid, and box-checking exercise. To be successful, organizations need an agile environment to make decisions and investments wisely, be clear about their goals, and carefully manage change among their people. It involves agility, fundamentally reimagining the strategy development and execution processes, reinventing how organizations work, and rethinking how to solve problems more effectively.
Framolens assist technology and business executives in creating a framework where strategy creation is treated as a journey. Instead of filling out year-over-year templates, our framework improves cross-functional collaboration between business and technology where strategic imperatives, the broader industry and market trends, and disrupters define hypotheses. And finally, tested and varified hypotheses inform and influence the business direction and close gaps between the company's current trajectory and its aspirations.
New nimble rivals are emerging, and assets and operations are migrating to low-cost countries. Moreover, corporate actions are subject to new social and environmental constraints. And due to the intertwining of global industries, systemic risks are increasing. Additionally, The frequent disruption and instability in almost every industry are causing rapid displacement, disruption, and, in extreme cases, outright destruction of established business models. All of these factors need organizations to boost and accelerate innovation. However, innovation entails more than just having a brilliant idea at the right time and place. Innovation must be systematically cultivated, sufficiently supported, and explicitly managed to have a sustained competitive advantage.
As technology is the center of all the disruptions, Framolens collaborates with technology executives to assess the organization's current context, unmet customer needs, and the pros and cons of existing models in core and adjacencies with sufficient clarity to reveal what is currently working, what is not, and what can form a superior value proposition.
Our proven structured approach help technology executives help business redefine competitive advantage, reignite growth, and enhance the value proposition by:
How prepared is your organization to reimagine technology and put technology at the center of its outlook, capabilities, and leadership direction?