Articles about Digital Transformation

A new report from Cleo reveals that B2B integration is a major problem, with 99 percent of manufacturers reporting issues in the last 18 months and 89 percent still struggling with them.

What's more this is costing money, with 42 percent losing over $500,000 in 2020 and 18 percent losing more than $1 million in revenue last year.

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A disconnect between IT teams and the wider business is preventing organizations from adopting new technologies and jeopardizing their long-term response to the pandemic, according to new research from Insight.

Despite the importance of IT to delivering on strategic objectives, 72 percent treat IT as a utility rather than a business enabler, with just 22 percent giving IT a seat on the board. This has direct effects for enterprises as 55 percent are failing to take advantage of new technologies because they aren't listening to IT.

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It’s already well known that COVID-19 accelerated digital transformation. McKinsey estimates that it shot forward by about 7 years of progress within just a few months, and CNBC reports that 85 percent of companies sped up their digital transformation plans, but the real question is what happens now?

You could say that there are 3 main pillars to digital transformation, and they don’t necessarily take place one after another. These pillars include:

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COVID-19 has changed the way companies think about digital transformation because it has accelerated the need to increase business connectivity while operating from decentralized settings.

Chief Technology Officers (CTOs) have been tasked with keeping their places of business at the forefront of the latest tech innovations. In a recent Gartner survey, 47 percent of respondents said their CTO is dedicated to modernizing core technology infrastructure in order to spur innovation.

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Research from London-based digital agency Studio Graphene shows that digital transformation during the pandemic hasn't been all success stories.

The survey of 750 decision-makers within UK businesses finds the majority (56 percent) have successfully adopted one or more new technologies since the beginning of the pandemic, with 54 percent saying that using new tech has been key in enabling them to overcome challenges posed by COVID-19.

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We recently reported on research from value stream platform Digital.ai into digital transformation projects, which should make worrying reading for many enterprises.

The study showed that many organizations feel they're not getting the most from their transformation projects. We talked to Gaurav Rewari, chief technology officer at Digital.ai to find out why this is happening and what can be done about it.

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One of the most prolific business trends to come out of the pandemic has been that of digital transformation. COVID-19 forced change across the business landscape, and the sudden scramble to go digital has completely altered the way companies do business. Whether it be internal changes through productivity tools or security, or external changes in how businesses interact with customers, we can see that some type of digital transformation has taken place in almost every business vertical.

In the pre-COVID era, businesses only called upon their digital transformation capabilities occasionally. In a 2018 Tech Pro Research study, about 70 percent of organizations surveyed confirmed having a digital transformation strategy already in place, or were working on one. However, they also reported challenges in buy-in and funding. Then, almost overnight, digital transformation was quickly adopted as the spread of COVID-19 shut down regular work functions. As companies were pushed into exploring digital solutions, organizations found new ways through this digital transformation to continue business, serve clients and keep their employees safe.  

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Small to medium enterprises (SMEs) are essential to the UK economy. The government has noted that they contribute to 99.9 percent of all private sector business in the country with a turnover of £2 trillion.

However, entering the largest recession since records began and even after unprecedented financial help, small firms remain at risk of failure in navigating their business through the pandemic. The current situation has rapidly changed the way that we interact with customers, how consumers buy, and the interests of clients and customers alike.

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While 49 percent of security teams and 44 percent of networking teams report to the same boss, 37 percent of IT professionals state that these teams don't really work together much.

A new report from security cloud company Netskope shows that 50 percent of global CIOs -- and 51 percent of respondents generally -- say a lack of collaboration between specialist teams stops their organization from realizing the benefits of digital transformation.

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The goal of digital transformation is to fundamentally change how B2B suppliers operate and deliver value to customers by creating a connected digital ecosystem. A change of this magnitude, however, is not without its challenges.

For one, in order to change a business’s value delivery model, the first step is understanding the value each customer is looking to receive -- something that is easier said than done when there is no formal way to document and collaborate around goals and objectives.

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Digital transformation is a priority for 80 percent of CFOs and 71 percent believe that these investments are key to their company's success.

This is according to a global survey of more than 1,500 CFOs and senior financial leaders by enterprise software services company Rimini Street which also shows that CFOs are keen to see IT investments deliver value.

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Digital transformation is a conversation that is and was taking place before COVID-19. Businesses wanted to know how to become more competitive, reactive, and efficient, and how services for users can be improved. McKinsey’s global survey of 889 executives reported that COVID-19 certainly accelerated digital transformation by several years in some sectors. Many of these changes are expected to remain in place long-term.

Here, we take a look at the top COVID-19 tech trends and how they will remain part of our lives in the future, post-pandemic.

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Digital transformation is sometimes seen as a panacea, providing visibility into the planning process, aligning software development with the business and delivering better outcomes.

But in a new study from Digital.ai more than half of businesses report issues providing that visibility and alignment, which calls into question long term success of today’s digital transformation initiatives.

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A new report from cloud business management company Sage reveals that 52 percent of companies say they have accelerated digital transformation plans by three years or more due to the demands of lockdown.

The study of more than 1000 finance leaders across US small and mid-size businesses also shows a growing confidence that they will return to pre-pandemic revenue levels by the end of 2021.

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Software engineering and IT operations teams are facing increased complexity in meeting customer and employee demands, as well as remote and hybrid work policies ushered in by COVID-19.

The key to dealing with this is increased process automation in IT operations (ITOps) according to a new report from DevOps process orchestration company Transposit.

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