The future belongs to organizations that operate autonomously
In a connected and globalized economic environment, advancements in technology, including artificial intelligence (AI) and innovative business models, are influencing market dynamics. As IT infrastructures grow more complex, the importance of digital sovereignty for organizations is escalating. To achieve sustained success, businesses must strategically utilize cloud services and delegate IT responsibilities. Digital sovereignty entails achieving an optimal balance between independence, efficiency, and performance in a self-directed manner.
What implications does this have for you and your organization? msg advisors assists you in understanding the importance of digital sovereignty for your organization, ensuring it is strategically integrated and aligning your IT infrastructure accordingly.
Digital sovereignty is increasingly becoming a critical strategic priority
A robust digital infrastructure empowers organizations to create and execute innovations more swiftly and autonomously. This allows them to engage in business ecosystems based on their own governance standards and tailor digital solutions to meet their specific requirements, thereby bolstering their long-term competitiveness.
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Step 1: Understand digital sovereignty
Digital sovereignty refers to the capacity of states, organizations, and consumers to influence the digital transformation in alignment with their own preferences and aspirations. It involves making independent decisions, within the existing legal framework, regarding the domains and conditions under which technological, operational, and data sovereignty is deemed beneficial or essential. Achieving this necessitates a high level of digital competence.
Digital sovereignty does not imply that organizations must manage every aspect independently
On the contrary, it is essential for organizations to have the liberty to determine which responsibilities
they wish to undertake internally and which they prefer to delegate when structuring their IT environment and operations.
The three fundamental pillars essential for organizations
The concept of digital sovereignty is complex and holds significant practical importance across various domains.
To effectively align a business with the principles of digital sovereignty, three fundamental pillars must be considered:
Technological sovereignty
Develop and manage
technological resources and
innovations independently
Operational sovereignty
Manage and control IT
and business processes
independently
Data sovereignty
Ensure oversight of your own data
regarding its storage, processing, and utilization
Step 2: Determine current maturity level
In collaboration with the GDV, BELTIOS has established a framework aimed at promoting digital sovereignty. This instrument allows organizations to assess their maturity level regarding digital sovereignty and to evaluate it based on the three specified pillars: technological sovereignty, operational sovereignty, and data sovereignty.
The framework assists decision-makers in methodically documenting the current state of their organization. Utilizing a reference scale of “expandable - advanced - knowledgeable”, preliminary evaluations can be conducted. It is crucial to recognize that a high rating does not automatically imply greater independence; instead, it signifies a deliberate management of dependencies, aimed at enhancing performance or decreasing costs.
Step 3: Define to-be state and strategically position digital sovereignty
The initial analysis of the maturity level is followed by the definition of a to-be state: What is the envisioned position of your organization concerning the three pillars of digital sovereignty? There is no definitive “correct” or “incorrect” to-be state; the critical aspect is that it aligns with your organization's individual strategy. Through this evaluation, you can perform an as-is/to-be comparison, enabling you to identify specific measures required to transition from the present state to the desired future state.
It is essential to incorporate considerations such as “What importance does digital sovereignty hold for my organization?”, “How does it align with my IT strategy?”, and “In what ways do my sovereignty objectives influence the selection of IT infrastructure?” into your comprehensive IT strategy.
Your partner for digital sovereignty
The industry experts at msg advisors will support you in this strategic development. Drawing on the extensive knowledge available within the msg group, we provide support not only in the analysis phase but also in the execution of your sovereignty objectives, such as those related to cloud services. You will gain from our profound expertise in IT security and regulatory compliance.
Further topics
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Business Ecosystems – Connecting Businesses
Business ecosystems can help your company achieve more growth, innovation and competitiveness. Find out how this works in reality and how ecosystems can be set up flexibly and efficiently. msg advisors will support you in developing and implementing a successful business ecosystem strategy.
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Decentralized Ecosystems
Advanced data ecosystems must enable comprehensive digital processes while upholding the data sovereignty of partners. Dr. Oliver Mehl and Ralf Neubauer describe which process-related and technological requirements are necessary for this.
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Sovereignty in the cloud
Transitioning to cloud technology is crucial for insurance companies to maintain their competitive edge.Explore the challenges associated with digital sovereignty in the cloud and discover strategies to address them.
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