Are you interested in how different industries are reacting to the current climate and digital change? Read this whitepaper by clicking the button below.
Digital transformation isn’t simply a product you can go out and buy. It’s not just an end goal. Smart connectivity delves so much deeper. To truly adopt digital transformation requires the strategic mindset to allow you to embrace the change. Digital transformation relates more to business philosophy than to an end destination. This process starts with an understanding of the reason for change: adding tangible value to your business processes and operations. If businesses are to keep up with the changing environment, they have little choice but to implement transformational technologies.
IFS conducted global research into digital transformation in 2020, creating a whitepaper that highlights some key challenges, takeaways and statistics.
How does digital transformation look today?
The economic disruption caused by the global pandemic has shifted the way in which many businesses have begun to think about digital change. Now it’s viewed by many as an enablement tool that can help support business growth, throughout this period, as well as prepare organisations for future economic growth. Today’s challenges have failed to dampen digital transformation plans and 70% of businesses are still looking to spend in this area. Whilst some industries, including retail, are expressing less of an interest into making investments, others from manufacturing to construction, are taking this as an opportunity to not only support survival, but to excel into the future.
With the cost of failure high, it’s becoming more important to get these investments right first time. The whitepaper shows some key takeaways that can help achieve this. Not only can digital transformation help companies accelerate their recoveries in alignment with the economy, but also offer support and value right now.