Building on the discussion of data being key to disruption, I often use the phrase ‘digital core’ in this context. Therefore, I was intrigued when someone asked for a definition of a ‘digital core’ and one of the replies was there isn’t a core anymore.
I wondered what they meant and, in explanation, they referred to the idea of a central point of systems – a mainframe – is no longer the way the markets operate. Systems should instead be spread across server farms in the cloud so there is no single point of failure. I totally agree, and therefore felt it worth a little more explanation of digital core as so many misinterpret what this means.
First, I have defined my terms several times before:
But it does no harm to reiterate some points, such as this one.