January 10, 2024
At MongoDB.local Delhi a panel of CXOs and IT leaders discussed the strategies and challenges of using software to drive innovation in their organisations. Here are the key lessons they shared.
Fostering innovation: tips and challenges
Our panel, which included representatives from Appy Pie, Autodit, Formidium, and Tech Mahindra, agreed that the rapid development of data analytics technology, and the scarcity of trained talent on the ground, were key challenges when it comes to driving innovation.
To stay on top, Tech Mahindra has a dedicated talent acquisition engine to keep tabs on those technologies, and customer requirements. “We imbibe these learnings, so we’re equipped to deliver solutions on the ground,” explained Shuchi Agrawal, Global Head for Data Analytics, Pre-Sales, and Solutioning at Tech Mahindra (IT services and consulting).
“When I think of data and MongoDB, I think MongoDB BIRT (business intelligence reporting tools),” says Shuchi. To accelerate their customers’ journey of transformation, for Tech Mahindra, automation must be based on innovations on the baseline of analytics workloads, i.e. data. “That’s why MongoDB is one of the key elements in most of our solution designs when we’re looking for some of the advanced analytics workloads,” says Shuchi.
Choosing technology and evaluating products
For Vaibhav Agrawal, Executive Vice President of Formidium, selecting technology to drive innovation comes with key caveats: it must be easy to implement, the talent must exist in the market to do the implementation, zero-trust is essential — as data security is paramount for customers — and it must perform in terms of scalability, efficiency, optimization, and monitoring. “If those things are there, you never have to go to other technology,” says Vaibhav. “And MongoDB Atlas comes in on all those check marks perfectly — that's why we chose it.”
Enhancing innovation strategies with database features
Vaibhav observed two aspects to any innovation: a) having the idea and creating something, and b) re-innovating it. So, for innovation to perpetuate, ideas must be adapted according to your experience, market changes, and changes in technology — and that means reviewing your products’ performance. “MongoDB Atlas has that amazing 360-degree view of your database activities, and the monitoring of your resources,” says Vaibhav. “Plus, it's very easy to get analytics out of it and change the course of your innovation.”
“You always need to keep watch on the performance of a database," he adds. "Then you will be able to keep pace with innovation for years.”
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