Systems | Development | Analytics | API | Testing

Digital transformation is one thing. Getting people involved is another. Right now, there’s a disconnect between the culture of digital transformation that companies say they aspire to create and the organizational behavior they actually have, says Lisa Heneghan, Chief Digital Officer and a member of the Executive Committee of KPMG, UK. But here’s the good news: Organizations that invest in bridging the people gap will benefit the most from innovation, according to Heneghan.

Digital technologies have been advancing at a breakneck pace, and companies are taking advantage in order to beat their competitors and better serve their customers. According to the 2018 “State of the CIO” report, 40 percent of IT budgets are now allocated for the express purpose of digital transformation regardless of industry. What’s more, 70 percent of companies say that they either already have a digital transformation strategy, or they’re working on putting one into place.

In recent years, Digital Transformation has become a strategic priority for organizations. Significant investment has been made across many companies to create strategic and organizational capabilities that enable them to compete in the contemporary digital arena. However, it is not trivial; organizations face numerous challenges in their digital transformation journey. There is no panacea, and the combination of tool and process choices can make or break an operation.

Today’s business world is relentless, and competition is intense. The digital landscape is continually shifting across many industries, creating an unprecedented demand for companies to innovate, experiment, and deliver capabilities faster. A robust digital transformation process speeds up business activities, competencies, and models while providing as much value as possible to customers. However, organizations must be cautious in their digital investment strategies.

If the elements of digital transformation weren’t a priority for organizations before COVID-19, they’re at the top of the agenda now. According to Statistica, post-COVID digital transformation spending has skyrocketed in 2020 with an expected 10.4% increase by the end of the year. As the pandemic continues, businesses are facing remote team challenges and pressure to increase operational efficiency. Therefore, the trend toward digital transformation is likely to continue.

In today’s post, we’re focusing on digital transformation trends for 2021 with a special emphasis on app development. Despite the difficulties we’ve experienced in 2020, it’s clear that the coronavirus has dramatically accelerated the pace of digital transformation.

How Hitachi Vantara’s global IT team is enabling the “new normal” and delivering at speeds previously thought impossible.

Digital transformation is not just about technological transformation of the organization, it’s about transforming the culture of an organization. It’s not enough to bolt technology onto an existing strategy and consider it transformed. That’s the message from our Chief Marketing Officer Mick Hollison discussing digital transformation with Charlene Li at Cloudera Now.

Innovation is a topic of conversation in almost every enterprise, but a related topic that sometimes goes under-discussed is co-innovation—that is, the idea that enterprises can unlock a lot of powerful business innovation by partnering outside the organization. Often called a digital ecosystems strategy, this tactic involves different participants sharing data, functionality, and other digital assets for symbiotic benefit.

2020 has been among the most disruptive years business leaders have ever confronted, with many enterprises absorbing several years of digital transformation over just a few months. These ongoing efforts have not been easy, with numerous organizations finding their existing resources and workflows won’t scale and don’t allow them to move quickly or responsively enough. They need to rethink how transformation occurs and how different parts of the workforce can participate.