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What is the Speed of Business? |
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 In the past 20 years, the answer from the IT industry to optimize business performance has been the 3-letter-acronym system (example: ERPs, CRMs, OSS). The deployment of these systems can cost millions of dollars, and by the time they are finished, the business has changed 3 times over, rendering them expensive IT blunders. Unaware that more than piecemeal systems exist and continue to invest in 3-letter-acronym system systems. Designed in the 80s to contain the damages to the western economies posed by the cheap and high-quality Japanese products, these system are unable to respond to the to the combination of cheap labor and the internet which allows for the delivery of new products and services at the speed of light.
In this new paradigm of perpetual change, business need to respond in real-time to new products and offerings, and in most cases, complete new business models. What in the past could be done in years, now needs to happen in days. It is the constant change to which we call the Speed of Business.
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