Creating Autonomic Enterprises: Technologies Drive the Change

Creating Autonomic Enterprises: Technologies Drive the Change

By Capital Markets CIO Outlook | Tuesday, May 28, 2019

FREMONT, CA: Many factors come into consideration when stakeholders discuss the issue of bringing about autonomy in an Enterprise-in-motion. Whole networks of interlinked organizations need to collaborate at various levels to ensure required outcomes. All these organizations need to be autonomic themselves so that they have self-healing and self-optimizing capabilities. This can happen over a cloud-based platform where the enterprises function at geographically different locations. Technologies that aid organizations to achieve autonomy are available, and companies can use them to reach optimum levels of intelligent automation.

Blockchain, which was developed as the foundation of cryptocurrencies, plays an essential role in making enterprises autonomic. Blockchains have revolutionized many processes by peer-to-peer, decentralized transactions as well as by helping execute smart contracts. These smart contracts are mutual agreements which are carried out through blockchain. The possibilities of applying blockchain technologies are numerous. Companies can use blockchain in production using 3-D printing as a means of payments and in the tracking of supply chains. As blockchain allows tracking on immutable ledgers across enterprises, it is beneficial. Stakeholders can monitor and record services and operations by technicians in the field.

IoT edge computing, which leverages the Internet of Things and Industrial Internet of Things to connect and operate devices involved at the lowest levels of the production ecosystem, known as the edge, play a vital role in creating an autonomic enterprise. The connected devices that are dependent on cloud technologies are gaining importance as they are optimizing the storage and computation processes. With edge computing, companies can manage traffic better and reduce latency in various methods. The AI present keeps optimizing the whole supply chain and creates maintenance practices to ensure self-optimization. 

The list of enablers in the autonomic enterprise would be incomplete without including Value-Stream-As-A-Service (VSaaS). It is a model for collaboration between various businesses units involved in the end-to-end network.  The provisions of VSaaS can be actuated via a Decentralized Autonomous Organization (DAO) as it can help the enterprise-in-motion to self-optimize and heal at a better speed. Excellent visibility and smooth collaborations between separate units are the most significant advantages of VSaaS when it is used for enabling autonomy.

The whole process of creating an autonomic enterprise requires the use of very different sets of technology. Despite the complexity and challenges, innovative technologies are driving the changes and taking industries towards autonomy.

Weekly Brief