Technology transformation is at the top of the agenda for CIOs in 2021 and beyond.
Eight in ten organizations fast-tracked their digital transformation programs in 2020, according to Dell’s Digital Transformation Index 2020, which surveyed over 4,000 business leaders globally. And according to a McKinsey study, some 50% of surveyed companies reported a moderate-to-significant impact on realizing new revenue streams; nearly 70% reported impact on increasing existing revenue streams; and 76% reported impact on reducing costs. (McKinsey Global Survey on IT and the Business, August 2020)
Digitalization is re-inventing businesses. It provides a unique competitive edge that sets up companies for success. By success we mean identifying new markets, meeting customer expectations, and understanding their behavioral change in the evolving digital age, and so forth. However, digital or technological transformation initiatives continue to be complex and time consuming.
To keep up with the constant innovation and business change, companies sometimes fail to account for dependencies like migrating systems to the cloud without strategically planning for compliance, cyber threats, etc. This will backfire the automation, scalability, and flexibility that cloud-based systems offer. Rather, capturing and addressing all system dependencies for a full scope of digital transformation benefits can be a better approach.
WHAT IS TECHNOLOGY TRANSFORMATION?
Technology transformation is more about business growth than technology. Technology is only the enabler. At its core, technology transformation means bringing about change in processes with the help of technology to make organizations agile, nimble, and scalable.
Integration of business and technology requirements
Agile delivery and DevOps support
Find out more on digitalization in this infographic on 9 trends to keep in mind when creating a digital strategy.
Our advisory and development services on technology transformation help you to steer with a sense of accelerated progression. Our structured approach enables you to adapt and compete in the face of radical change.