The two confluences: Digital-Data and IT-OT

I have been spending a lot of time addressing data-related problem statements. Need for two key areas of confluence is emerging:

1. Digital and Data

Digital focuses on ways of working that update or transform processes, products, and services through platforms, tools, and devices.

Data focuses on information collection, storage and analysis by building Data Architecture, ensuring Data Governance, Data Analytics and enable Data Monetization

However, they are emerging as organizational, functional, and budgetary silos, this confluence is needed as they have same shared goals:

1. Enhancing customer interactions
2. Connecting & managing securely
3. Optimizing processes
4. Increasing revenue
5. Reducing costs
6. Creating opportunities to add value

2. IT and OT

IT (Information Technology) focuses on enabling Digital through products, platforms, and tools.

OT (Operational Technology) focuses on devices enabling physical world by managing, observing and securing operations.

Although IT and OT traditionally exist in separate organizational, functional, and budgetary silos, their confluence is needed as they are driven by a common set of objectives:

1. Enhancing performance, productivity and automation
2. Connecting & managing securely
3. Optimizing processes
4. Increasing revenue
5. Reducing costs
6. Creating opportunities to add value

Conclusion

For Product Managers, it is not longer beneficial to focus learnings in just Digital. They need to expand to Data also. And not restrict to IT, but expand into OT too.