Companies, today, are aware of the benefits of adopting digital transformation for their businesses. And a lot has been written on how brands like Netflix, Amazon, and Uber have leveraged microservices-based architecture to bring newer products to customers at lightning speed. It has been relatively easier for new technology companies to adopt it. However, large, traditional businesses with a lot of legacy systems, rules, and regulations too can benefit greatly from the microservices architecture.
From retail giants like Target and Walmart to the BFSI behemoth Lloyds Banking Group, some well-known brands have successfully joined the digital bandwagon and are reaping the benefits of going digital. Lloyds Banking Group, for instance, has seen a 24 per cent year-on-year increase in technology spend in their efforts to digitise the group, and as a result, has added 15.7 million digitally active customers. Among the other pathbreaking initiatives, it has rolled out the Voice ID technology to make banking quicker and easier, while also ensuring robust data protection. Since its launch, over 770,000 registered customers have used this feature, completing close to 4 million verifications.
Similarly, ever since their digital journey commenced, Target’s digital performance is delivering more than $5 billion in annual sales, and driving additional growth across the business. In the year 2018 alone, their comparable digital sales grew by 36 per cent.Despite these notable successes, conventional businesses with their legacy systems tend to face multiple roadblocks during the transition phase. One of the ways in which legacy systems can escape, or at the very least mitigate, any disruption while adopting digital systems is through the use of microservices.
What are microservices?
هذه القصة مأخوذة من طبعة February 2020 من Indian Management.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك ? تسجيل الدخول
هذه القصة مأخوذة من طبعة February 2020 من Indian Management.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك? تسجيل الدخول
Trust is a must
Trust a belief in the abilities, integrity, values, and character of any organisation is one of the most important management principles.
Listen To Your Customers
A good customer experience management strategy will not just help retain existing customers but also attract new ones.
The hand that feeds
Providing free meals to employees is an effective way to increase engagement and boost productivity.
Survival secrets
Thrive at the workplace with these simple adaptations.
Plan backwards
Pioneer in the venture capital and private equity fields and co-founder of four transformational private equity firms, Bryan C Cressey opines that we have been taught backwards in many important ways, people can work an entire career without seeing these roadblocks to their achievements, and if you recognise and bust these five myths, you will become far more successful.
For a sweet deal
Negotiation is a discovery process for both sides; better interactions will lead all parties to what they want.
Humanise. Optimise. Digitise
Engaging employees in critical to the survival of an organisation, since the future of business is (still) people.
Beyond the call of duty
A servant leadership model can serve the purpose best when dealing with a distributed workforce.
Workplace courage
Leaders need to build courage in order to enhance their self-reliance and contribution to the team.
Focused on reality
Are you a sales manager or a true sales leader? The difference, David Mattson, CEO, Sandler® and author, Scaling Sales Success: 16 Key Principles For Sales Leaders, maintains, comes down to whether you can see beyond five classic myths that we often tell ourselves about selling.
