As American chemist and multiple Nobel Prize winner Linus Pauling famously quipped, "the best way to have a good idea is to have a lot of them." Nowhere is this more true than in tech startups today. It is clear that the converging dynamics of cloud computing is creating tectonic shifts in the IT industry.
These days, businesses can tap into an enormous range of cloud services. They can subscribe to high-performance infrastructure services like Amazon Web Services, rent platforms as a service (comprising hardware, operating systems, storage and network capacity) from Salesforce.com, store information in services like Box or automate billings with companies like Zuora. These are just examples.
Companies can also pick and choose from a long list of cloud-based apps to handle business tasks, from customer relationship management and marketing to human resources and financial management.
Cloud making data democratic
Five years ago, only executives at very large companies had access to business intelligence tools that culled patterns from data.
The cloud makes everything democratic, not just access to the data itself, but the insight as well, including best practices that do not require the expertise of a SQL or a MapReduce programmer. The cloud enables anyone, anywhere, to recognize patterns from data and make smart decisions faster. And that means any business professional at any company should be able to monetize their Big Data.
I would argue that cloud services will become the business application suite, eventually displacing behemoth on-premise packages from SAP or Oracle. Emphasis on "eventually" since few enterprises are ready to jettison their million-dollar investments in Oracle and SAP.
Commandments for startups
Building a successful startup is never easy. That is especially true in the enterprise market. Finding the right product/market fit means knowing what enterprises already have and what they need — and understanding how they work.
The shifting landscape of cloud computing, mobility, software-as-a-service (SaaS) and Big Data have dramatically changed the way businesses must operate in order to achieve success. Enterprises and consumers will no longer accept cookie-cutter approaches to meet their needs.
Cloud-based companies must focus on delivering a fundamentally different product — a product that is focused on business value, customer needs and best practices. Brands, which did not matter in the world of on-premise software, must be trustworthy and deliver against the product's promise at every touch point. If you do not have the customer's trust, and a quality product to back it up, you do not have anything.
Does Your Finance Department Consume Your Time Or Add Value?
By Jason Cradit, VP of Information Systems, Willbros Group, Inc.
By Randy Sloan , SVP & CIO, Southwest Airlines
By David Berry, CIO, Daymon Worldwide
By Brad Hardin, Global CTO, Black & Veatch
By Kevin Haskew, SVP & CIO, ON Semiconductor
By John Landwehr, VP & CTO-Public Sector, Adobe
By Bob Karschnia, VP-Wireless, Emerson Process Management
By Jack Suess, CIO, University of Maryland Baltimore County (UMBC)
By Chris Zeppa, CIO, Walker Engineering
By David Sliter, VP and GM of Communications and Media and Entertainment, Hewlett Packard Enterprise
By Mike Gioja, CIO and SVP of IT, Product Management and Development, Paychex
By Gerri Martin-Flickinger, CIO, Adobe Systems
By Tom Bressie, Vice President, Oracle Cloud
By Mathew Beall, VP of Infrastructure, First American Financial Corporation
By Mark Bloom, Global CIO, Aegon [NYSE: AEG]
By Paul Johnson, EVP & CIO, BB&T
By Denise Zabawski, CIO, Nationwide Childrens Hospital
By Rouven Bergmann, CFO, SAP North America
By Adrian Mebane, VP & Deputy General Counsel, The Hershey Company [NYSE: HSY]
By Fred Brown, CIO and SVP-IT, Mohegan Sun