Gartner says that globally we would see a decline of IT spend by 8% in 2020 due to Covid-19. Sathya Nadella, said that 2 Years’ worth of digital transformation happed in just 2 months.
By looking at the above two statements either one seems to be misleading. But on the contrary, both are true. CIO’s across globe have understood where to bet their money. Gone or the days where enterprise software were used to store, process and analyse data.
Amidst this Pandemic, a number of organisations are adopting digital transformation to. The Coronovirus pandemic has reminded CEO’s , the importance of Digital Transformations.
The Industry revolution -4 demands more from business to be amongst the competition. Enterprises needs intelligent enterprise software which can give true insights of their performances taking a cohesive blend between their operational data and human experience data. Business started to think & Re-think of the latest cutting-edge technologies like Machine Learning, Artificial intelligence, Cognitive thinking.
Organisations are now taking a bolder step to move to Cloud, the overwhelming increase in the adoption of SAAS based enterprise software solutions are evident that normalisation and globalisation of business processes provides better ROI rather then bespoke solutions catering to their specific business needs.
Initially, “In 2020, some longer-term cloud-based transformational projects may be put on hiatus, but the overall cloud spending levels Gartner was projecting for 2023 and 2024 will now be showing up as early as 2022,” said Mr. Lovelock.
Enterprises should buckle up and adopt the right IT spend option, spend on what you need to sustain and comeback stronger post-covid era. The industry experts and global taught leaders are suggesting enterprise to embrace change and adopt cloud transformation journey, Tune into data/process mining to understand the frictions in the business process and incrementally enter into Robotic Process Automation.
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With the decrease in supply chain movements, every industry is heading down the revenue path for the year 2020. This COVID-19 has caused a huge impact on production, logistics and delivery of goods in the far-reaching ends of every company. This situation calls for a cloud-based digitization to take account and keep track of the SCM related activities. Post this pandemic, the world will require a digitalised channel to help in faster decision-making – which is possible only with accurate analytical data.