Companies today face a new world. Even the largest corporate behemoths are fretting over shifts in consumer preferences, the competitive landscape, and the next shock. For many firms, COVID-19 was a wake-up call. Now, they’re taking nothing for granted and are racing to seize every advantage. Japanese giant Fujitsu is no exception.
Industry analysts do primary research and two of the best, IDC and EMA (Enterprise Management Associates), have recently published some great insights for enterprises in 3 areas.
As digital transformation is now one of the main priorities for organizations across all industries, it is critical to have a solid strategy in place to ensure successful and lasting adoption. However, most technology leaders and decision-makers completely ignore some of the potential mistakes that stymie their organization’s digital transformation.
Back in 2011, the phrase “digital transformation” was in vogue in tech-based opinion pieces as a passing phenomenon and a response to the changing times. Back then, Capgemini (along with Massachusetts Institute for Technology Center for Digital Business) defined it as “the use of technology to radically improve performance or the reach of businesses.” More than a decade later, the expression has far more resonance.
Efforts to accelerate digital transformation are being held back by challenges finding the right talent. At a virtual roundtable sponsored by Red Hat and Intel, senior leaders said a more ‘open’ culture is required. In 2020, digital transformation leapfrogged seven years of progress in a matter of months. This was the finding of a McKinsey research report released in the autumn of 2020 that went viral enough for most business execs to be able to recite its top finding.
The pandemic struck the IT industry hard, upending many businesses. The businesses that adjusted best were those with a digital transformation process already in effect. Cut to 2022 and most organizations have started the digital transformation. And the ones that already had established digital transformation initiatives sped up the process. So, what’s next? Digital dominance is the trend; the objective might be transformation, but the goal is beyond just process and strategy improvement.
Almost every organization is moving towards or planning to move towards digital transformation and IT is a significant part of it. The pandemic has made digital transformation a necessity to achieve maximum customer and employee engagement and satisfaction, bridge cultural and talent gaps, and promote IT as a valuable business process.
Cloud deployments have overtaken that of on-premises in the enterprise application software market since 2020, and Gartner expects they will be double the size of on-premises by 2025. These changes reflect the fast evolution in IT infrastructure due to new technology, business models, and market demands. The movement toward cloud, mobility, and IoT continues to surge forward.
Digital Transformation is, nowadays, a buzzing world in industry, which everybody wants to utilize and apply in their business. Nevertheless, it is also starting to be a major cause of confusion, empty promises and big words with no real impact on business performance. Why is there such an extreme dichotomy in the most important enabler for our Future Digital Energy Systems? According to McKinsey, Deloitte and many more consulting companies, over 70% of digital transformation initiatives have failed.
