The world is fighting a pandemic for which the governments across the globe had to shut institutions that were coming in the way of implementation of social distancing norms. This led to a temporary closure of physical establishments for commercial complexes, educational institutions, non-essential retail stores, and a vast number of companies had to shut their office premises and provide its employees with the facility to work from home.
The global Coronavirus outbreak has forced mankind to alter our way of living in high magnitude. People have shut themselves in their houses in order to combat the life-threatening disease COVID-19. This has led to many organizations small or large struggling to find a way forwards as an economic crisis is also collateral damage that the pandemic has brought with it. Large enterprises are rethinking their plans and strategies while trying to tailor them according to the situation that the world is dealing with today. Every enterprise needs to make business decisions related to its infrastructure and resources faster while helping its customers maintain their mission-critical systems and processes in the midst of the crisis.
Industry experts frequently speak about agility, as it has become the most popular buzzword nowadays. Agility, in simple terms, is the ability to use the fastest way to get new products to the market. This is the definition of agility in normal times, whereas the definition of agility for today’s environment when the world is fighting a global pandemic situation is quite different. Businesses today need to mobilize resources efficiently and effectively to ensure their survival.
Technology is the key component to optimize and transform public services today. Government & public sector CIOs are using modern technologies to digitally transform the way public goods and services are rendered, maintained, and improved.
The market demand for custom application development has grown five times faster than the internal IT organization’s capacity to deliver them. There is a continuous struggle to stay proactive against competitive pressure, resulting in a development cycle that is more tactical than strategic.
Books and their inexhaustible wisdom is no more limited to startups, students, or newbies in the industry. Bill Gates reportedly reads 50 books a year. Mark Zuckerberg reads a new book every two weeks and has a book club named ‘A Year of Books’
Enterprise software takes up a large part of IT budgets. With organizations aggressively investing in digital initiatives, there is a wide range of dissimilar and disconnected applications that have become a part of their portfolio. In response, CIOs are putting in continuous efforts to rebalance their technology portfolio, prioritizing their investments in the most efficient and much-needed software applications.
The holiday season is around the corner and e-retailers, like every year, are geared up for more customers and conversions. While deals and discounts have been the most influencing reasons behind holiday purchases, they are not enough to convince the customers anymore.
Digital transformation is the watchword for CIOs aiming to reimage their business in the digital world. It uses the best of technology to resolve business challenges and deliver to market requirements. That is why IT decision-makers keep themselves abreast of the latest technologies that can give a boost to their business processes, irrespective of the industry.
It is not the strongest of the businesses that survive, nor the most intelligent that survives. It is the one that is the most adaptable to change. Believing in this theory of evolution, businesses are leveraging digitization, transforming the way legacy systems and operations are managed.