Version lock—a situation in which companies can’t change components of their IT portfolio because of integrations and interdependencies—isn’t just an IT problem. Version lock has a huge impact on the business because it can prevent departments and companies from pursuing strategic changes in business processes. Some examples include:
Transit Agency Streamlines Operations With Digital Supply Chain Platform
Utah Transit Authority (UTA) provides a public mass transportation system that includes a fleet of over a thousand vehicles from buses to locomotives covering a 1,600 square mile service area. On top of managing a diverse fleet, UTA must meet distinct requirements from vehicle maintenance and facilities upkeep to tracking parts and time.
You’ve likely seen articles that discuss how disruptive technology solutions will impact business and how digital business tools will enable you to define new markets and processes. An unintended consequence of these articles has been creating concern and fear in business leaders who may not be ready to adopt any of these technologies or who misunderstand how they may impact their companies. Some of the technologies and terms include: