Bamboo Rose Blog | Retail News

How Composable Platforms Elevate Your Digital Business To Meet The Challenges of 2021

Enterprise organizations need to build a technology infrastructure that promotes agility and flexibility to support business innovation, drive new revenue streams, and reduce organizational risk amidst today’s rapidly changing business conditions.

CIOs and CTOs have the momentous task of catalyzing this infrastructure transformation but are often bogged down by legacy enterprise software vendors and home-built systems that take years to implement and update, don’t engage business users, and silo data at the cost of innovation.

Meanwhile, the business’s needs and requirements are changing daily.
As companies look to acquire and standup new brands, kickoff environmental social governance initiatives, diversify their supplier base, and open new digital selling channels, they become vulnerable and frustrated with their disparate enterprise databases and applications.

This makes it difficult to share information and collaborate across teams and brands. Engaging with external stakeholders such as suppliers and global trade partners also becomes a lot more arduous.

How can companies eliminate these siloes to keep pace with today’s quickly-changing retail market?

Ultimately, technology leaders need a flexible, unified platform capable of changing according to their business needs and customer expectations.

Leveraging the principles of composable business, which is a key philosophy for success in a year as turbulent as 2021, gives businesses the foundation to stay agile and resilient regardless of shifts in market demand.

Composable services

To keep their organization adaptable to new business dynamics, companies need a platform that can go live quickly, integrate seamlessly with other applications, and shift to support new processes.

They also need a platform that can assist their business in adjusting quickly to support shifting business needs, consumer trends, or growth opportunities, such as additional partnerships, selling channels, or brands.

A composable platform helps you achieve all of these objectives while putting less stress on your IT organization and ensuring your team can pivot quickly in the face of any kind of change, whether it be shifts in the market, your internal organization, or the needs of your business partners.

The basic elements of a composable platform strategy are microservices, API-first, cloud-native, and headless (MACH). Each of these concepts helps to foster a truly flexible and agile IT and business environment for digitally-driven companies.

The first principle of this strategy – microservices – requires that businesses implement a best-of-breed technology platform drawing from different vendors to reduce reliance on a monolithic platform. These microservices should be vendor-agnostic and capable of integrating and sharing data with any other solution or tech stack.

The concept of API-first necessitates that all functionality be exposed through an API such that two or more applications or services can be leveraged together. This method of implementation makes it easier for companies to utilize and configure applications integral to business functions, resulting in a light-weight and flexible tech stack.

Taking a cloud-native approach to data storage and hosting ensures your company can scale easily. Hosting all data and applications on the cloud helps businesses reduce the disruptions that often accompany significant growth.

Finally, implementing a headless platform entails that the frontend UI is detached from the backend. Specifically, the UI should be compatible with various iterations of backend logic. This enables companies to select the UI their teams and partners prefer and layer this interface over an existing or new backend infrastructure.

Taken together, MACH ensures your platform connects your complete network of partners, integrates with any application, and seamlessly shares intelligent data across disparate systems.

These capabilities fortify your organization and enable you to respond quickly through timely communication and collaboration. All internal and external stakeholders will have the power to make better business decisions when data can flow across systems, departments, and organizations seamlessly.

Additionally, scaling your business and launching new buying channels is a much more streamlined process when these principles are at the core of your strategy.
As a result, your business will have the tools to easily redesign your business model, operations, and products according to market changes and consumer trends.

When businesses are built on technology platforms that support flexibility, adapting to change becomes a strategic differentiator rather than a time-consuming roadblock to success.

With the Bamboo Rose platform, you can leverage your existing technology and tools while leveling up your entire infrastructure to be more interoperable, communicative, responsive, and flexible. The platform includes a flexible UI, enabling businesses to layer their own UI over the platform or leverage the Bamboo Rose UI depending on their preference.

A microservice-driven architecture supports this new business technology strategy centered on modularity. The data intelligence capabilities built into the platform augment and automate processes and decisions to keep your team fast, adaptable, and updated.

This combination of modularity, automation, and intelligence enables your team to deliver high-quality results that meet consumer needs.

To find out how Bamboo Rose’s composable services can benefit your business, click here.