The role of digital technology is rapidly shifting, from being a driver of marginal efficiency to an enabler of fundamental innovation and disruption, according to a white paper on digital enterprises by the World Economic Forum. The digital economy has changed the world of business, levelling the playground for newer entrants to compete head on with larger traditional enterprises.

In order to be competitive in today’s digital economy, organizations need to take steps to become digitally mature. This can be done both through internal and external digital innovations and transformations including

• Transforming existing legacy systems via an integration layer
• Building a macro or micro-services layer coupled with leaner devops for faster time-to-market
• Enabling API driven stakeholder-inclusive businesses
• Identifying new business insights via analytics