Low-code insights by Flowfactory

What type of CEO are you?

[fa icon="calendar"] 19/03/20 13:33 / by Fredrik Lindqvist

Fredrik Lindqvist

Hey im just asking type of CEO

I just read this very interesting article from MIT Sloan: How Leading Organizations Are Getting The Most Value from IT

My immediate takeaways align with our strategy (warning for confirmation bias) to provide a business low-code platform that lets our customers transform their businesses with maximum ability to handle the "unknown, unknowns."

Instead of letting your legacy systems become a hinder to your digital transformation, you can liberate the power in them and innovate in a flexible layer on top. 

 

In their article, MIT Sloan has analyzed the technology decisions of more than 8,300 companies around the globe. Leaders grow revenues 50% faster than the average 20% of the companies they studied and as much as double the bottom 25%.

 

My takeaways

  • It's no longer tenable to let departments or business units make individual decisions about technology. "It appears defensible, but this results in highly customized systems that deploy in isolated pockets of the organization."
  • Doubling down on industry-specific tech locks companies in, "inhibiting their ability to pivot or combine technologies in the future."
  • Leaders reimagine multiple business processes so that they can scale the same innovative technology across all of them.

Blog_whattypeofceoThere is a paradox in the above. I genuinely believe in the need for departments, business units, or market areas to use technologies that create the highest possible relevance for reaching their own goals. However, a fresh approach to deal with the paradox, and reap the benefits of both worlds (fragmentation <-> consolidation), could be to apply the platform play concept, very well described in a great piece of research by McKinsey The platform play: How to operate like a tech company. McKinsey means that a modular, platform-based IT setup enables companies to accelerate and innovate up to 100 times faster.

 

The Competitive layer

At Flowfactory, we call this creating a "Competitive Layer" - something I have elaborated around in earlier blog posts, e.g., How a low-code competitive layer reduces APM costs and Low-Code: Your Agile Legacy System.

 

By introducing an agile low-code layer on top of legacy, companies can gain a fantastic speed and dramatically reduce APM costs. 

 

So instead of letting your legacy systems become a hinder to your digital transformation, you can liberate the power in them and innovate in a flexible layer on top.

 

What type of CEO are you? Are you one that is ready to open the lid to your IT department, and get involved in some directional decisions?

 

Topics: CEO, Business

Fredrik Lindqvist

Written by Fredrik Lindqvist

Fredrik is CEO of Flowfactory and has 20+ years experience from the IT Industry. He is specialized in turn around management and has a background as CEO and leadership positions in Sales and Marketing. He has worked with clients such as Tetra Pak, Siemens, Saab, De Laval, E.ON, Volvo IT and Scania. Fredrik holds a B.A. in Economics with a Major in Corporate Finance.

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