We in all probability all can agree with Microsoft CEO Satya Nadella’s sentiment that, because of COVID-19, “We’ve seen two years’ worth of digital transformation in two months.” While the idea of digital transformation has been floating round strategic planning conferences and yearly evaluations for almost 20 years, the acute want for expertise funding has by no means come into focus fairly as clearly because it has over the past 10 months.
For the enterprise, investing in new digital instruments, workflows and processes is now not a aggressive benefit. It’s a matter of survival.
Moreover, we’ve seen how a world pushed by expertise–and large uncertainties–can shift straight away. In a manner, what we’ve all skilled in 2020 and on the outset of 2021 is solely a reaffirmation about why these investments have been earmarked as vital for therefore lengthy. We’ve now all skilled firsthand how rapidly issues can change and the true worth of agility in all features of operations. Now greater than ever earlier than, IT and enterprise leaders are within the sizzling seat to make sure quick execution, worker adoption and ROI in relation to expertise implementation.
These choices won’t solely enhance short-term enterprise outcomes, however these investments will be certain that companies can survive in a world of seismic change and on the spot instability. As technological funding ramps up, it’s clear that there’s a necessity for extra strategic focus. In truth, nearly half of the legacy expertise expertise that companies have invested in on the trail to digital transformation is now not getting used at present.
A survey of 100 enterprise, advertising and marketing, and expertise leaders in UK enterprise corporations in mid-2020 uncovered the present priorities of digital enterprise transformation, the state of funding in digital expertise expertise, and a attainable answer to the legacy software program that’s stymying fashionable enterprise. Here are some highlights.
Data Point No. 1: Digital ambition is excessive.
More than half of enterprise leaders and one-third of IT and advertising and marketing choice makers mentioned they anticipated to speculate considerably in new applied sciences over the following 18 months to align their present digital expertise with their ambitions. At the worker stage, KPMG UK discovered that 70% of staff agreed that digital transformation is a number one precedence of their companies. So it’s no shock that 98% of all respondents reported having some kind of digital transformation undertaking beneath manner.
Data Point No. 2: COVID-19 drives distant working investments.
While COVID-19 has made most digital priorities extra essential to some extent, expertise that allows distant work had the most important upward progress when it got here to transformation priorities. In truth, 62% of respondents mentioned it had develop into “much more important” because the outbreak of COVID-19.
When evaluating new expertise, 83% of respondents mentioned options that assist distant work had develop into extra essential since January 2020, and 71% mentioned options that make worker adoption simple had develop into extra essential.
Data Point No. 3: Modern software program is best for workers.
Almost three-quarters of respondents agreed that fashionable digital expertise expertise makes life higher for workers. Forty-four % of respondents mentioned their groups have been extra productive, and 28% mentioned their groups have been each extra productive and happier after their organizations made the change from legacy to fashionable software program.
Data Point No. 4: Despite digital acceleration, expertise investments languish.
The arduous fact is that, on common, enterprises are utilizing lower than half (49%) of the digital expertise expertise that they’ve invested in over time. Moreover, 1 / 4 of at present’s…
