Exploring the Benefits and Challenges of Composable Business: The CIO's Perspective

How CIOs are leveraging composable resources to improve efficiency, innovation, and resilience in their organizations

As technology continues to evolve, many organizations are turning to the concept of Composable Business to gain a competitive advantage. CIOs are at the forefront of this trend and have recognized the benefits that Composable Business can bring to their organizations.

Composable Business is a strategic approach that provides the ability to compose and disaggregate internal resources and capabilities to create new value streams. It is based on the idea that businesses should have flexibility, adaptability, and modularity to respond quickly to changing market conditions and strategic realities and be able to adapt the business to new opportunities and challenges.

CIOs see the Composable Business trend as an opportunity to increase the resilience of their organization by creating a diversified ecosystem with multiple independent services that increases the ability to deal with unknown challenges that may arise in the future.

Another benefit CIOs appreciate is the ability to improve speed and innovation. Companies can develop new products and services faster and easier, which can be a huge advantage in fast-paced markets. This can foster a culture of innovation as employees are able to experiment with new combinations of resources to create new and exciting opportunities.

The ability to reduce costs is also important. By being able to assemble and recombine resources, businesses can avoid having to invest in new infrastructure or software every time they need to create a new product or service. Over time, this can lead to significant cost savings and more efficient use of existing resources.

However, implementing and managing Composable Business can be a challenging task. It can be difficult to manage and maintain the various resources that are being newly combined. The composable trend may require changes in the way different teams work and coordinate, which must be in place for resources to be used effectively. CIOs need to take a holistic approach to Composable Operations and ensure they have buy-in from all relevant stakeholders, both internal and external.

?Adopting a Composable Business

Adopting a Composable Business approach can be a complex process that involves several steps; Gartner recommends the following:

• Assess the current state of the business: understand the current capabilities and constraints of the business and identify the areas where Composable Business could have the greatest impact.
• Define a vision and strategy: develop a clear vision and strategy for how Composable Business will be used to create value in the enterprise.
• Create a governance model: create a governance model to ensure that Composable Business practices are aligned with the overall strategy and goals of the organization.
• Develop a roadmap: Create a roadmap outlining the steps to implement Composable Business and the resources required to do so.
• Establish a center of excellence: Establish a center of excellence to guide, support and oversee Composable Business initiatives.

In addition, ensure that the enterprise has robust governance and management systems in place to ensure that resources are used effectively and efficiently.

This is where the adoption of an Enterprise Integration Platform as a Service (eiPaaS) comes into play.

An eiPaaS provides a centralized platform that can connect and integrate disparate systems and applications, making it easier to recombine them in response to changing business needs. It also enables automation of routine integration tasks so that IT staff can focus on more strategic initiatives, and it provides control and monitoring of integrations.

One of the key players in the eiPaaS market is Digibee , a global cloud-native provider. Digibee offers a comprehensive eiPaaS solution that enables enterprises to easily connect, integrate and manage their various systems, applications and data. Digibee's solution can help reduce the cost and complexity associated with integration projects, improve data quality, and provide better visibility and control over integrations, which are critical factors in implementing Composable Business.

An opportunity contribute to the success

Adopting Composable Operations and leveraging eiPaaS to facilitate this journey is an opportunity to improve efficiency, innovation and resilience within their organizations.

CIOs must ensure they have the right systems and processes in place to effectively manage and leverage the benefits of Composable Operations to effectively contribute to the success of their business