What role do CIOs play in digital transformations? “Think of the conductor in an orchestra,” said Andrew Wilson, former CIO of Accenture. “The conductor doesn’t play an instrument, just like the CIO doesn’t actually own a lot of the IT that runs our business. But the CIO blends and integrates these...
Historically, digital transformation in banking has lagged behind other industries, but even the banking sector is not immune to the increase in technology adoption. In fact, financial institutions have found that not only is increasing their digital transformation beneficial, but it’s also essential to their survival. A recent survey found that...
The landscape of retail is changing, and, as a result, instances of retail digital transformation are rapidly increasing. Even before the coronavirus pandemic, e-commerce was predicted to grow significantly in 2020, and sudden closures of brick-and-mortar stores forced many businesses to quickly shift focus to online sales. Retail companies then...
Even before the sudden shift to remote teams and digital workplaces, there was a push for digital transformation in recruitment and HR. A 2017 survey found that more than 50% of companies were in the process of increasing their adoption of digital tools for HR teams. A 2020 study shows...
Digital transformation in insurance is happening in many ways and affecting everything from the underwriting process to customer retention. In fact, more than 60% of insurers say that technology already has a major impact on their underwriting processes, and more than 63% “expect technology to have a significant or very significant...
“You can’t see the forest for the trees.” What does this saying have to do with digital transformation in healthcare? More than you’d think. Often, CIOs and champions for digital healthcare initiatives are so focused on the actual technology (trees) that they miss out on the big picture (the forest). The truth...
When Silicon Valley investor Ben Horowitz wrote about the difference between a "wartime" CEO and a "peacetime" CEO in 2011, he redefined the way we think about business leadership in times of crisis. But it's not just CEOs who have to adjust their strategy in uncertain times. CIOs also have...
Digital transformation frameworks provide the structure for integrating new technology into your organization. Think of frameworks as your guide for changing the way your business operates and help you execute your digital transformation roadmap. Building a digital transformation framework can seem overwhelming, but there’s a simple shortcut: borrow from different models...
“Fools say that they learn by experience. I prefer to profit by others’ experience.” — Otto von Bismarck, German aristocrat and politician Digital transformation challenges are inevitable for any enterprise organization, but you can limit the obstacles you face by learning from what other companies have accomplished. While these difficulties may not...
Cloud migration is rapidly becoming the new hot topic for companies of all sizes. Flexera conducted a survey of technical professionals and found that 58% of respondents place a high priority on moving workloads into the cloud, and 39% are already working toward a cloud-first strategy. But what do companies actually...
With the rapid pace of technological development today, every company will have to undergo a digital transformation on some level and, most likely, multiple times. Before you can reap the benefits of new technology, you have to get your customers and employees to successfully adopt the technology—and here lies a...
What is digital transformation? According to Deloitte, “digital transformation is all about becoming a digital enterprise—an organization that uses technology to continuously evolve all aspects of its business models (what it offers, how it interacts with customers and how it operates).” As technology evolves, so should your business. At this point,...
As cloud computing and storage capabilities continue to advance, the majority of companies are implementing a cloud migration strategy for some or all of their applications. In fact, 94% of large businesses already use the cloud as part of their business. It’s no surprise that so many companies are migrating to...
The phrase ' digital transformation roadmap ' gets tossed around a lot in enterprise businesses, but the advice on how to deploy one tends to be unnecessarily complicated. “Establish a successful process that will address the top-of-mind needs of your unique organizational environment” really means “find what works for your company...
Digital transformation is one of those terms that can either evoke a riveting conversation or end up sounding like overused jargon. It all depends on who is talking about it. Following key digital transformation leaders will help you keep up with the latest news and developments in business transformations. We’ve...
