Global spending on digital transformation
The economy's journey to its digital destination has accelerated—highlighting the crucial role of technology in creating an agile, digitally empowered company that adapts quickly to capitalize on market changes.
- Accelerated time to business results
- Accelerated path from data to value
- End-to-end connected value chains
- Integration for the hybrid architecture of the future
- Emergence of the digital ecosystem on platforms
No. 1 Step on it
In 2020, organizations with a high degree of software development and delivery maturity were able to put digital ideas into production in just 17 days.
No. 2 Unlock the power of data
Develop a single data strategy for the entire company. Eliminate silos and explore the use of cloud-native data management platforms, DataOps strategies, and data lake concepts.
In 2021, 1 in 2 organizations will prioritize investments in Big Data and analytics functions to enable better business visibility and modernization of enterprise applications.
No. 3 Smarter, not harder
Define complete, digitized, integrated, and automated workflows. Introduce AI and analytics into all enterprise applications to empower LoBs to use these resources and make reliable decisions in real time.
In 2021, 52% of organizations remained focused on optimizing processes and workflows to increase productivity.
No. 4 Take charge
Reduce integration complexity and hybrid technology stack costs, and ensure future scalability of digital initiatives.
In 2021, technology leaders identified the integration of different technology environments across the enterprise as the biggest challenge.
No. 5 Be part of the team
Develop a digital strategy with your ecosystem partners. Ensure your digital platform enables mutual sharing of data, applications, operations, expertise, and open APIs.
90% of companies with an established strategic and transformative partnership with technology providers have already generated new revenue streams.
For 93% of organizations, digital transformation will be a top priority in 2021. Technology leaders are at the forefront of this transformation and have become essential in strategically driving the organization to:
- Optimize operations and business processes
- Accelerate investments targeting new resources
- Organize a cross-functional team of leaders to create a joint digital and business strategy
Armed with the five items on the agenda, technology leaders can help organizations move toward their digital destination by leveraging a modular, open, data-driven, platform-based architecture.
Follow us on social media:Facebook,Instagram,LinkedIn,YouTube.
SubscribetotheCVA blog
Source: SAP
