Embarking on your digital transformation will be a challenge in many ways, especially if you are in a complex and international company.
The delivery of any kind of digital asset, let alone something as complex as what we have been discussing in this series, is a huge challenge. There will be competition from low-cost, local providers who can often provide cheaper point solutions than a central function. The challenge with this is that if delivered by a local provider, it will generally only meet the needs of the local market rather than feeding into the higher level digital strategy.
If you have a central funding model you will accelerate the digital transformation, and the uptake of the services will be quicker. You will also be able to create long-term value and relationships with market leads, helping define what value you can bring to them over the next few years. It is our opinion that a central funding model is ideally the funding model you should start with.
Obviously, this cannot last forever, you will, after some time, have to switch to a more self-funded model paid for by the business using it. There is not a definite time period that this will happen as each company is different, but it will be at a point when the service you have created will offer real value to the rest of the business and have a maturity that will provide a more cost-effective and responsive delivery. You should be able to deliver relevant solutions to local markets whilst also maximising reuse opportunities and ensuring the integrity and security of the solutions being delivered.