Wednesday, March 13, 2019
In any industry, change and evolution is inevitable, and organizations must put in the work to keep pace. In a recent Fuel Webinar, Tim Woods, vice president of technology alliances at FireMon, used an example of Borders selling its online book operations to Amazon several years ago. The retailer didn't foresee the changing times, believing online retail would not take off. Borders was unable to combine their traditional, physical storefronts with online retail, and now Amazon ranks as the largest book seller in the world.
“We have to be looking for ways to reinvent ourselves. We have to remain innovative. We have to remain competitive,” Woods said. “That’s what businesses are doing today with technology like cloud computing and virtualization, and the Internet of Things.” That’s not to say that Woods doesn’t see the value in traditional infrastructure. On the contrary, it’s combining the old and the new that makes an organization so effective.