Business Agility: Business Imperative

Organizations that are equipped to respond in real time to opportunities, threats, and changing business conditions solidify their competitive positions and gain market share. Others fall behind, and soon will cease to exist. Business agility is not optional.
It is the new imperative for survival.

New technologies are already driving economic growth, and their impact is accelerating. By 2025, the market for AI applications and services is expected to reach nearly $40 billion, and the impact of the IoT on the global economy in terms of revenues and cost savings will exceed $11.1 trillion. More broadly, the World Economic Forum estimates the global economy is poised to unlock $100 trillion of value over the next decade by capturing the potential of these and other technologies.

Those who effectively harness the power of software and data are gaining significant advantages: 70% are growing revenues, 67% are reducing cost, 43% are reducing churn, and 59% are improving customer experience metrics.

By contrast, companies that fail to effectively leverage data risk being left behind. The average lifespan of a company listed on the S&P 500 has fallen from nearly 60 years in the 1950s to less than 20 years today.

MongoDB understands the challenges you face, and we’ve helped many companies achieve the business agility needed to not only survive but thrive in this new double-edged era of economic opportunity and disruption. By working with us you can leverage people, processes, and technology to create competitive advantage, accelerate time to value, and reduce TCO and risk. Becoming an agile organization can help you implement widespread transformation of your development team and processes to achieve faster time to market across multiple business applications and use cases. You can build new business functionality 3-5x faster, scale to millions of users wherever they are at any moment, and slash costs by 70% or more.

Challenges

In today’s business environment, the only constant is change: changing markets, competitors, customer requirements, costs, pricing pressures, standards, regulatory requirements, and more. You need to build new applications and functionality to address emerging and changing use cases better and faster than ever before. Here is the problem: existing technologies, methodologies, and processes cannot support you in this quest for survival because they simply cannot keep up with the pace of business.

Missed Opportunities

Companies are seeking new revenue opportunities through emerging technologies such as AI and IoT, but lack the business agility to capture them

Undifferentiated Backend Work

Services are the building blocks of innovation, but creating them requires developer ‘plumbing’ and drudgery that slows development and innovation

Untapped Data

Companies have never had so much data available from so many sources, but relational databases with rigid schema slow (or eliminate) their ability to leverage it

Data Locked in Silos

Organizational agility depends on a culture of collaboration between engineering teams, but traditional silos create competing objectives, KPIs, and leadership

High Cost

CIOs and CDOs must promise substantial and rapid ROI to gain approval for new application development, but cost concerns can kill worthwhile initiatives

Legacy Complexity

Sprawling application portfolios and dependencies between code bases lead to extended development timeframes and reduced developer productivity.

Faced with these and other challenges, companies find themselves unable to adapt quickly enough to changing business conditions. Outflanked by competitors, they miss out on critical revenue generation and retention opportunities. The larger truth is that they can no longer meet the demands of the market, which has serious implications on their prospects for survival.

Solution

The key to achieving business agility is a combination of people, processes, and technology that equips you with the vision to connect your business strategy to your technology investments, the ability to take first strike actions, and the flexibility to adapt to unexpected business developments. MongoDB can help you generate revenue, slash churn, outflank competitors, capture new market opportunities, and optimize both operational efficiency and cost. In short, it’s time to stop fearing change, and time to start (profitably) embracing it.

PEOPLE & PROCESS

MongoDB has helped many companies improve business agility. Our professional services team works with you to build an in-house Innovation Accelerator, delivering faster time-to-market across multiple business applications and use cases. Our Innovation Accelerator program comprises two types of workstreams: Program Activities and Application Activities. Completed cycles of application development continually feed back into program activities with quality reviews, which provides ongoing optimization of the overall business agility roadmap.

MongoDB Professional Services Innovation Solution Kits provide design patterns for common use cases, including those below, with reference architectures and technical standards for enterprise architecture objectives such as a move to the cloud, or to microservices. We provide technical blueprints, governance, and consultative expertise to help you take advantage of trends and capture new opportunities by rapidly producing new apps and new systems of engagement.

TECHNOLOGY
Achieving business agility demands that you free developers from time-consuming infrastructure management and back-end ‘plumbing’ so they can rapidly develop applications that deliver strategic value. In short: build apps faster, scale and run them anywhere, and get insights faster. The underlying data fabric must incorporate event-driven stream processing and other advanced architectural techniques to ensure that the freshest and most accurate data is driving real-time analytic insights. Our Business Agility solution combines the following technologies to deliver on all counts:

MongoDB Stitch

The MongoDB Stitch serverless platform accelerates application development with simple, secure access to data and services, so you can get apps to market faster while reducing operational costs and effort.

MongoDB Atlas

MongoDB Atlas delivers the world’s leading database for modern applications as a fully managed service on all of the leading cloud platforms. Atlas lets you spend more time building your applications and less time managing your database.

MongoDB and Kubernetes

Our integration with Kubernetes frees you to focus on adding strategic value to your organization by delivering containerized applications rather than spending time and effort managing infrastructure.

MongoDB BI Connector

The MongoDB Connector for BI lets you use MongoDB as a data source for your business intelligence and analytics platforms. MongoDB Charts builds on this by letting you create visualizations of MongoDB data without requiring any additional 3rd party tools.

MongoDB Spark Connector

Our Connector for Apache Spark enables you to deploy a sophisticated real-time analytics strategy combining the industry's leading stream processing engine with MongoDB, the industry’s fastest growing database.

MongoDB Data Platform

Our people, process, technology, and solution components are all underpinned by our Intelligent Operational Data Platform, which accelerates and de-risks the delivery of technology solutions in support of your strategic initiatives.

MongoDB is the best way to work with data

Ease

MongoDB’s transactional document data model is natural for developers to work with and our serverless platform simplifies backend code, making it fast to develop new applications

Speed

Unifying data in rich MongoDB documents means your developers write less code and your users get better performance when accessing data

Flexibility

A flexible data model lets you adapt your schema as your apps evolve, powering agile development and continuous delivery of new features

Versatility

Process data in any way your applications require, from simple queries to complex aggregations, analytics, faceted search, geospatial processing, and graph traversals

MongoDB lets you intelligently put data where you need it

Availability

Built-in redundancy and self-healing recovery ensure that your portfolio of new business applications are always on, for any user at any time

Scalability

MongoDB automatically scales out your database to meet growing data volumes and user loads as you capture new market opportunities

Workload Isolation

Run operational apps while also serving analytics, machine learning, and BI to unlock actionable insights in real time and adapt to changing markets

Data Locality

Distribute your data globally with low latency so users get the information they need when they need it, wherever they are at any moment

Scale On-Demand

Portability

MongoDB runs the same everywhere – commodity hardware on-premises, on the mainframe, in the cloud, or as an on-demand, fully managed Database as a Service

Global Coverage

Deploy a MongoDB cluster across the globe or use to MongoDB Atlas, our Database as a Service, for coverage in 60+ regions of all the major cloud providers

No Lock-In

An agile business cannot afford vendor (or delivery model) lock-in; implement a multi-cloud strategy or run MongoDB on-prem

Benefits

Be the Disruptor, not the Disrupted

  • Accelerate development of new business functionality

  • Build responsive, always-on apps and get them to market 3-5x faster

  • Get a jump on competitors by capturing new revenue opportunities first

Unleash Innovation

  • Accelerate application development by removing complexity and administrative overhead

  • Free your teams to focus on adding value rather than managing infrastructure

  • Break through organizational silos to get all parts moving in the right direction together

Leverage All of Your Data

  • Rapidly integrate transformational technologies such as AI; intelligence at the edge, including IoT and blockchain; location and geospatial; smart devices, and more across your application portfolio

  • Unlock the power of the data you already have in existing systems by eliminating silos

  • Combine all data from all sources to provide richer analytic insights

Optimize Cost, Risk, and ROI

  • Deliver resilient applications while reducing costs by 70% or more

  • Tap into the expertise of consultants who have built and rolled out thousands of apps

  • Deliver rapid, substantial ROI on current deployments while creating a more receptive audience among the C-suite and board for future projects

Use Cases

Business agility gets you up to speed quickly to achieve faster time to market across multiple business applications. Example use cases include:

IoT

Quickly incorporate the IoT into your business model by capturing rich new sources of data from networks of newly-connected devices, and combine it with all other relevant data to gain important new insights.


Why MongoDB?

MongoDB helps your development team accelerate innovation and bring new IoT apps online faster. It provides the flexibility, agility, and scalability to meet the data demands of the IoT.

Real-time Analytics

If you can’t do real-time, you can’t do business. Empower your people with real-time, actionable analytic insights so they can be more responsive to customer needs and changing business conditions.


Why MongoDB?

Integration with Apache Spark enables stream processing of data so MongoDB can serve analytics results back into live, operational processes. This helps users unlock real-time insights based on the freshest data.

AI, Machine Learning, and Deep Learning

Unleash AI to process and act on data faster than humanly possible, and to create and automate functionality across the organization, speeding processes and enhancing customer experiences.


Why MonoDB?

Data is the fuel for AI; you need a platform that can endure the rigors of AI application development and model training. MongoDB provides a flexible, scalable, performant, distributed platform to help you quickly build AI into your operations.

Blockchain

Bitcoin and other cryptocurrencies generated interest in blockchain, but most industries are now exploring its use. You can deploy blockchain technology to remove friction from business processes and build systems of trust for value exchange.


Why MongoDB?

Run MongoDB as the data layer for your blockchain apps, and integrate blockchain data with enterprise data for a complete view and analysis of your enterprise assets.

Cybersecurity

Traditional manual approaches can no longer keep pace with global security threats. Use big data-driven machine learning to automate security processes, and build cybersecurity applications systems that can evolve as rapidly as the threats.


Why MongoDB?

Cybersecurity success or failure is measured in milliseconds. MongoDB combines enterprise-grade security with the MongoDB query language (MQL) and rich secondary indexes so developers can build cybersecurity applications that return responses in milliseconds.

Quickly incorporate the IoT into your business model by capturing rich new sources of data from networks of newly-connected devices, and combine it with all other relevant data to gain important new insights.


Why MongoDB?

MongoDB helps your development team accelerate innovation and bring new IoT apps online faster. It provides the flexibility, agility, and scalability to meet the data demands of the IoT.

Bosch, a multinational engineering conglomerate with nearly 300,000 employees, is using MongoDB to help lead the charge into IoT. Bosch has placed a strategic bet on MongoDB to drive innovative apps in every industry where it competes, from retail to manufacturing to agriculture and more.



Learn more →

Coinbase is now one of the leading cryptocurrency exchanges, but it had to innovate quickly to get where it is today. It scaled from 15,000 to more than 1.2 million requests per minute (more than 80x the traffic) at the height of cryptomania. Coinbase and supports more than 20 million accounts accounting for a total trading volume of $220 billion, in more than 33 countries, using MongoDB.



Learn more →

Bosch, a multinational engineering conglomerate with nearly 300,000 employees, is using MongoDB to help lead the charge into IoT. Bosch has placed a strategic bet on MongoDB to drive innovative apps in every industry where it competes, from retail to manufacturing to agriculture and more.



Learn more →

Coinbase is now one of the leading cryptocurrency exchanges, but it had to innovate quickly to get where it is today. It scaled from 15,000 to more than 1.2 million requests per minute (more than 80x the traffic) at the height of cryptomania. Coinbase and supports more than 20 million accounts accounting for a total trading volume of $220 billion, in more than 33 countries, using MongoDB.



Learn more →

For Gap, a leading clothing and accessories retailer, achieving business agility means evolving as quickly as consumer tastes do. To streamline delivery, Gap developed a new purchase order system in just 75 days – the shortest app development timeframe in the company’s history – by using MongoDB.



HSBC, one of the world's largest banking and financial services organizations, is working with MongoDB to build global digital solutions powering trading systems for a wide array of investment vehicles such as equities, bonds, futures, forwards, options, and derivatives.



Learn more →

Resources

Business Agility: New Imperative for Organizational Survival

Emerging technologies and business models hold the keys to massive, unprecedented economic opportunity – but this era of rapid, disruptive change does not distribute those opportunities equally, and those who fail to capture them are on a road to oblivion. This executive brief analyzes the challenges companies are facing; the opportunities that are within their grasp if they can become agile organizations; and a solution that applies people, processes, and technology to help them not only get there but to stay ahead of ever-changing business conditions going forward.

How MongoDB Enables Real-Time Data with Event-Driven Architecture

This white paper analyzes how the state of the art has quickly evolved from "big data" to fast data; defines the requirements, components, and capabilities of event-driven architecture; and discusses how MongoDB is core to unleashing the power of real time across the organization. It then provides specific use cases and customer proof points presenting companies that are evolving and thriving as a result of working with MongoDB to deploy this innovation- and agility-enhancing architecture.

MongoDB Innovation Accelerator

To survive and prosper, both now and in the days to come, companies are embarking on the path to digital transformation, and achieving business agility is a strategic IT initiative to help them reach their digital destination. MongoDB has helped many companies improve business agility. Our professional services team works with you to build an in-house Innovation Accelerator and provides Innovation Solution Kits to help you deploy crucial new business functionality faster.

Improve Your Agility

Get in touch to learn more about Business Agility, review use cases, and more