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The Dawn of a New Era for the Tech Function
Article

The Dawn of a New Era for the Tech Function

Ashwin Bhave, Michael Grebe, Ruth Ebeling, Shekhar Marathe, Miguel Carrasco, Rick Berger and Teresa Gillis
Boston Consulting Group, 2023
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8

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  • Overview
  • Inspiring

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You’ve likely heard that all companies are tech companies now. As the melding of tech and business continues, the tech function will slide into new, vital roles: It will build capabilities and platforms to empower innovation in business units across the enterprise, it will make sure these platforms can be easily adopted, and it will create a marketplace so developers from diverse departments can adapt or re-use the applications to suit new uses. This article from the Boston Consulting Group offers tips to recode the tech function, so businesses can embrace a new approach to constant innovation.

Summary

As tech permeates every part of business, leaders must invest heavily in data, facilitate tech innovation, acquire and retain tech talent, and prioritize sustainability and security.

The tech function is undergoing a significant change. The metaverse, the internet of things, augmented reality, blockchain and artificial intelligence seem to have unlimited potential growth. Tech talent is scarce, but no-code and low-code platforms are putting more power into non-tech citizen developers. Meanwhile, privacy protection regulations and cybersecurity threats are multiplying.

As technology advances, business leaders must meet the challenge by: 

  • “Integrating the tech function into the business” – This means focusing on agile teams, tech innovation, and funneling tech talent into management and leadership positions.
  • “Infusing technology and data into every aspect of business” – This requires investing in business-friendly standards for...

About the Authors

Ashwin Bhave, Michael Grebe, Ruth Ebeling, Shekhar Marathe, Miguel Carrasco, Rick Berger and Teresa Gillis are professionals from the Boston Consulting Group, representing US, German and Australian offices.

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