What is Business Composability?
Business composability refers to the ability of a business to quickly adapt and respond to changes in the market. It is made up of modular components that can be easily added, removed, or reconfigured to meet the needs of the business. By building a composable business, companies can stay ahead of the curve and quickly respond to changes in the market.
Further, it is the next iteration of application and software models that disrupt the traditional service-based architecture using future-proof models for application and software design, development, and maintenance. It’s a new way of aligning the enterprise with a cloud-driven world.
Why Invest in Composability?
In today’s fast-paced business environment, companies need to be able to quickly adapt and respond to changes in the market. Investing in composability allows companies to be more agile and flexible, leading to increased competitiveness and profitability.
- Composable businesses are more agile.
A company with a tight hierarchy and structure will be less able to bounce back from setbacks. This was made very evident by the COVID-19 crisis: companies that were able to change course, move to the cloud, and implement remote working practices fared better. On the other hand, companies that tried to “wait out” the crisis by sticking to their legacy business methods frequently faced financial difficulties.
- Composable software ecosystems are more fluid and adaptable.
Companies must consistently adopt new digital platforms and services since the software industry is always evolving. However, resisting change can be problematic because it hampers productivity, innovation, and efficiency. On the other side, organizations can encourage a digital-first workplace, raise employee digital literacy, and streamline digital operations by adopting fluidity and composability in the internal software environment.
- Composable IT infrastructure saves costs and improves efficiency.
Many businesses need internal facilities and private cloud configurations. But because some applications need a particular hardware design, setting up those environments can be expensive and time-consuming. By enabling IT administrators to build their own virtual environments, composable infrastructure eliminates this requirement and dramatically enhances resource allocation, efficiency, cost-savings, and availability.
Building blocks of a Composable Business
- Composable Thinking: The ability to think in a modular and adaptable way is a key element of a composable business. This means being able to think about different components of the business as independent units that can be easily combined, reconfigured, or replaced as needed.
- Composable Infrastructure: A composable business requires the ability to easily add, remove, or reconfigure infrastructure as needed. This includes things like servers, storage, and networking. But over time, things changed, giving way to trends like virtualization, which enables administrators to design work-friendly computing environments.
- Composable Technology: A composable business also requires the ability to easily add, remove, or reconfigure technology as needed. This includes things like software, platforms, and tools.
How GICs can grab the opportunity to leverage Technology for a composable business?
Global In-house Centers (GICs) can play a crucial role in helping companies build a composable business. By outsourcing certain functions to a GIC, companies can take advantage of lower IT costs, access to skilled IT talent, and improved efficiency and scalability of operations. GICs also provide companies with access to new technologies and ideas, which can help them stay ahead of the curve and respond quickly to changes in the market.
GICs can help companies build a composable business in several ways:
- Flexibility: By outsourcing certain functions to a GIC, companies can easily add or remove resources as needed. This allows them to quickly respond to changes in the market and adapt their operations to meet new demands.
- Scalability: GICs can provide companies with the ability to scale up or down their operations as needed. This is particularly useful for companies that experience fluctuations in demand for their products or services.
- Speed: GICs can provide companies with the ability to quickly implement new initiatives and projects. This is because GICs can provide companies with access to a skilled workforce that can help them implement new projects and ideas more efficiently.
- Innovation: GICs can also help companies stay ahead of the curve by providing them with access to new technologies and ideas. This can be especially beneficial for companies that operate in fast-paced and rapidly changing industries.
Examples of Composability
One example of a composable business is a company that uses a microservices architecture. This allows them to break down their application into smaller, independent components that can be easily added, removed, or reconfigured as needed.
Another example is a company that uses a cloud-based infrastructure, which allows them to easily scale up or down its operations as needed.
These are just a few examples, but the possibilities for composability are endless, and companies that invest in composability are better positioned to stay competitive and adapt to changes in the market.
In conclusion, GICs can be a powerful tool for companies looking to build a composable business. By outsourcing certain functions to a GIC, companies can gain the flexibility, scalability, speed, and innovation they need to stay competitive and adapt to changes in the market.