New Enterprise Operating Model (NeoM)
Definition - What does New Enterprise Operating Model (NeoM) mean?
Techopedia explains New Enterprise Operating Model (NeoM)
In addition to changing the ways that businesses build platforms, creating a NeoM can involve much more. Using software like customer relationship management (CRM) systems can be part of a NeoM, as can the use of more targeted analytics operations and different kinds of enterprise resource planning tools, which put business operations more in line with today's cutting-edge technologies.
Some experts talk about NeoM in terms of eliminating information silos or bottlenecks — the core ideas here involve getting components of an IT architecture to "talk to each other" and opening up individual processes to a greater observable whole, in order to fine-tune how a business works. Discussions around NeoM have become an important part of a company's plan when looking at the future of its industry and how to integrate technologies in the best and most efficient ways.