What Is Digital Velocity?
Digital velocity affects everything from customer experience to application modernization and cloud optimization. But what does it really mean?
“Think of the word velocity,” said Bleeker. “In physics, the formula for velocity is speed plus direction. Now, apply this definition to digital transformation: The adjusted formula becomes operational efficiencies plus revenue enhancement equals faster innovation,’” he said.
Operational efficiency + revenue enhancement = innovation
IT leaders can also think of digital velocity as a “system integrator,” Bleeker said. It can accelerate or expedite any process. In the cloud, it can serve as a platform from which to launch other workloads. With AI and automation, it can take something digital make it a virtual experience. This can be true for something as small as a PDF file or as large as a hybrid cloud infrastructure. “Digital velocity lets you take any idea and achieve it fast,” Bleeker said.
EXPLORE: How can IT leaders scale solutions to fit their business models?
How to Deploy Cutting-Edge Digital Infrastructure
As IT leaders track industry trends, there are a few key areas where digital velocity will make the biggest difference. Here are the relevant categories decision-makers should keep in mind:
IT Infrastructure: One of the major concerns for businesses is making sure the entire digital stack runs with stability and speed. Deploying solutions like Infrastructure as Code, robotic process automation and infrastructure automation can ensure that everything is up to date and running efficiently.
Software development: With robotics and automation applied to core systems, IT leaders can have more time to develop new tech solutions and measure business outcomes. This will also help executives gauge whether it’s smarter to buy new software or build it themselves.
Application Modernization: This is a critical step towards digital transformation, and digital velocity can remove technical debt that increases infrastructure costs. This frees up more resources to replatform (update) or refactor (rewrite) application code as needed.