Surveys show that an effective digital transformation is of uppermost importance to CEOs who believe the future success or failure of their organizations depend on it.
Digital transformation provides the opportunity for core business functions to fundamentally change the way work is done so that the organization can grow and remain competitive over time.
A key strategic initiative, digital transformation has taken on heightened importance in the wake of the coronavirus pandemic.
Some 59% of 373 IT decision makers say that pressures stemming from the pandemic are accelerating their digital transformation efforts.
Moreover, despite budget concerns triggered by the COVID-19 outbreak, global spending on digital transformation technologies and services were expected to grow 10.4% in 2020 to $1.3 trillion.
Spending on digital tools hasn’t been impacted as much as other IT because most large-scale projects already underway are instrumental to the broader business strategy.
Digital transformation is generally viewed as an aggregation of modern tools and processes leveraged to solve business problems and satisfy customers. But many CIOs employ different means to execute on those drivers.
Truth is, digital transformation marks a radical rethinking of how an organization uses technology, people and processes to fundamentally change business performance.
Ideally led by the CEO, in partnership with CIOs, CHROs and other senior leaders, digital transformation requires cross-departmental collaboration in pairing business-focused philosophies with rapid application development models.
Such sweeping changes are typically undertaken in pursuit of new business models and new revenue streams, driven by changes in customer expectations around products and services.
Want to learn more? Tonex offers Digital Transformations Training Bootcamp, a 3-day course that covers the rapid IT-enabled changes impacting business operations and environments.
Participants learn how digital strategy along with IT modernization, technological innovation, business transformation, and changes in business processes lead to disruptive innovation and operations and new business models.
Please contact us for more information.