Bogdan Capatina, RACC IT: “Companies have vast amounts of data yet very few fully leverage it”

“The trends that I see in IT today, I believe they apply to all major global companies, not just automotive. They are transformative and will leave a very strong and powerful imprint. In many ways they reflect a lot of the topics that the different teams are approaching in their discussions today.

What I believe to be the most significant trend in IT, especially with respect to very large global organizations, has to do with cloud transformation of assets, extracting the maximum value from data and content.

Companies have vast amounts of data yet very few fully leverage it. Treating data as a core asset in implementing strategies to harness it are going to help companies secure competitive advantage in the coming years,” Bogdan Capatina, President of the Romanian American Chamber of Commerce IT (RACC IT) said at Automotive R&D Conference organized by Automotive Today and The Diplomat-Bucharest.

Key statements:

• This transformational change, I believe, is extremely expansive and, in many ways, dramatic for large companies. It implies migrating many assets to the cloud, it implies transformation of assets, transformation of applications to make them cloud enabled.
• Most companies, from my perspective, are going to have, probably, at least 30 percent of assets in the cloud. The three major cloud providers, Microsoft Azure, AWS and Google, are significant players in this transformational change.
• Why do this? It has to do with data as a corporate asset, as a core asset that will enable companies to secure competitive advantages as well as maximize their untapped potential. Data now becomes a top-down asset, a strategic enterprise asset that must be aligned to enable the delivery of business objectives. Why? So, you can then harness or embrace the power of AI and use that power to understand the data as well as to use that to drive products, workflows, workforce management as well as unlocking opportunities for innovation and efficiency.
• That’s the second trend that I see: post-cloud transformation, companies migrating their data and their assets to the cloud so that they can use the power of AI to extract value and meaning from this data that exists.
• Companies are shifting from years of efficiency to years of efficient growth. Most very large global organizations are looking to balance cost management with resource allocation and data-driven product strategies to drive efficient growth.
• The last major inflexion points in IT today that I see has to do with assessing the investment climate globally. By this I mean lower interest rates, intensified competition for high-quality assets. These are shaping value-driven investment environments.