OpenText Debuts 2020 Vision Arming Customers with EIM to Address Digital Disruption 2020 Agenda Takes Center Stage During OpenText Global 2014 Innovation Tour
WATERLOO, Ontario, March 10, 2014 /PRNewswire/ -- OpenText™ (NASDAQ: OTEX, TSX: OTC), the global leader in Enterprise Information Management (EIM), today debuted its vision for helping organizations set their 2020 Agenda to ensure success in the new digital economy. As part of its global 2014 Innovation Tour, OpenText is outlining a step-by-step roadmap for C-suite leaders that includes best practices in navigating today's rapidly evolving business landscape.
Launched at its Innovation Tour, OpenText vision for the 2020 Agenda addresses critical issues surrounding the Digital Enterprise, including:
- Digital Experience – Transforming customer experience from marketing and sales to customer service through enterprise information-driven omni-channel communications.
- Digital Workplace – Addressing the changes in the workforce – many of which will consist of digital natives by 2020 – and providing employees with the tools to get their work done, however and wherever they choose.
- Digital Supply Chain – Establishing real-time connections with suppliers and trading partners with unprecedented accuracy and agility, reducing costs and accelerating speed.
- Digital Governance and Security – Creating an information governance framework encompassing all functions of the digital enterprise.
"By 2020, there will be a number of disruptive forces converging including, new technologies such as 3D printing and wearable technology; digital disruption surrounding how consumers and organizations buy through new supply chains; and a new kind of workforce, 50 percent of which will be digital natives," said Mark Barrenechea, president and chief executive officer at OpenText. "Our customers must now transform their businesses, digitizing every process, to maximize competitiveness and effectiveness. OpenText is helping customers prepare for the digital economy of tomorrow by re-conceptualizing their information platforms today with our EIM strategy."
"The emerging digital infrastructure is changing the way we do business, blurring lines between customers, employees and suppliers," said Alan Pelz-Sharpe, research director, Social Business, 451 Research. "In turn, managing information, and indeed managing business itself is becoming more and more challenging. Successful businesses in the future will be the ones that find that balance between social fragmentation and control."
In order to best address these digital enterprise imperatives, today's C-suites must establish a robust enterprise information management strategy to transition to a digital enterprise. This strategy must be driven by the strategic CIO in conjunction with productive partnerships with line of business managers. Organizational success will be dependent on the C-suite's ability to align business objectives and leverage enterprise information to meet those goals. That is only possible, if information is managed holistically across the enterprise based on an enterprise-wide strategy that prevents disjointed point solutions, whether in the cloud or on premises.
"CIOs will emerge as strategic leaders within the C-suite, empowering the entire business with the information needed to drive innovation, accelerate revenue and growth," said Patrick Harper, chief information officer at OpenText. "The strategic CIO needs to articulate an enterprise information management strategy that enables the enterprise to drive faster time to market, time to revenue and time to satisfaction, while constantly mitigating security and information governance risks."
OpenText's Project Red Oxygen enables organizations to discover, manage, and use information to spur growth and innovation across their organization, decreasing time to competitive advantage. Consisting of five comprehensive and integrated product suites; Content Suite, Process Suite, Experience Suite, Discovery Suite and Information Exchange Suite, Project Red Oxygen delivers a common developer platform, engaging and consistent user experience and deep integration across suites to enable CIOs to partner with all lines of business.
OpenText is unveiling its 2020 Agenda roadmap during its 2014 Innovation Tour to a vast global network of 100,000+ customers and 600,000+ partners. Upcoming stops include: London on March 11-12; Paris on March 13; Munich on March 18-19; Eindhoven on March 20; Stockholm on March 25; Washington, D.C. on April 9; New York on April 10; Ottawa on April 15; Toronto on April 16; Sao Paulo on May 7; and Calgary on May 26. To register for the Innovation Tour, please visit: http://www.opentext.com/campaigns/innovation-tour.htm.
Learn more about OpenText's 2020 Agenda roadmap:
- Read the blog of Mark Barrenechea, OpenText's CEO
- Connect with OpenText:
- Twitter: @opentext, #2020Agenda, #OTInnovate
- LinkedIn: www.linkedin.com/company/OpenText
- Facebook: www.facebook.com/opentext
OpenText provides Enterprise Information Management software that helps companies of all sizes and industries to manage, secure and leverage their unstructured business information, either in their data center or in the cloud. Over 50,000 companies already use OpenText solutions to unleash the power of their information. To learn more about OpenText (NASDAQ: OTEX; TSX: OTC), please visit: www.opentext.com.
Certain statements in this press release may contain words considered forward-looking statements or information under applicable securities laws. These statements are based on OpenText's current expectations, estimates, forecasts and projections about the operating environment, economies and markets in which the company operates. These statements are subject to important assumptions, risks and uncertainties that are difficult to predict, and the actual outcome may be materially different. OpenText's assumptions, although considered reasonable by the company at the date of this press release, may prove to be inaccurate and consequently its actual results could differ materially from the expectations set out herein. For additional information with respect to risks and other factors which could occur, see OpenText's Annual Report on Form 10-K, Quarterly Reports on Form 10-Q and other securities filings with the SEC and other securities regulators. Unless otherwise required by applicable securities laws, OpenText disclaims any intention or obligations to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
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