business_world
Published in

business_world

How Can CIOs Pave the Way for a Digital Future

As businesses prepare for the future, terms like digital transformation and cloud-first strategies have become common place in boardrooms. However, while businesses have been hearing these terms for more than a decade, and organizations have been mapping long roadmaps for their adoption, the pandemic and the changes it has brought about have made their importance even more clear and urgent.

The pandemic has ushered in a slew of changes in the way businesses operate. Digital adoption has increased faster than ever as businesses shift to adopt newer and more resilient methods of operation.

This shift has not only aided organizations in coping with the pandemic’s effects, but it has also provided them with a digital foundation they never had before. When businesses combine this with their increased confidence in change as a result of the lessons learned in the pandemic, the speed of change will only accelerate with time.

Also Read: Five Strategies for IT Leaders to Attract Top IT Talent

The following considerations will be critical as companies embark on this digital journey:

Rethinking cloud strategy and putting data first

The advantages of cloud computing over traditional data centers in terms of performance, elasticity, and significant cost savings drove its adoption. However, with the outbreak of the pandemic and a greater emphasis on guaranteeing resilience, the rationale behind cloud adoption has shifted from cost minimization to technology simplification and modernization. This, in turn, necessitates the creation of a better backplane — in the form of cloud and its auxiliary services on which to update the application stack, rapidly build new capability, and harness the ecosystem’s collaborative innovation.

This trend indicates that cloud adoption will become more dynamic. A cloud-based approach focuses on the problematic business process first, then helps to redesign the value chain and operating model around it to meet the needs of a post-pandemic future. The company roadmap is then transformed into a cloud journey, creating the groundwork for a flexible and agile setup.

Data has become a far more important component of the equation for businesses as a result of cloud adoption. While a better understanding of data’s inherent worth is important, the cloud has also opened up a slew of new capabilities that data can give.

Digital is simple, but the transformation is difficult

The demand for resilience and agility has increased as a result of the pandemic, and there is a greater emphasis on pushing innovation to build additional capabilities. This demand is being met by the technological progress of elastic compute on demand and the availability of sophisticated hyper-automation software as a service. This is a difficult undertaking because it necessitates layers of experimentation and testing while still running the company’s IT infrastructure. As a result, many people assume that the technical execution part is the most important for CIOs.

Also Read: Three strategies for Maximizing SaaS Spend

The reality, on the other hand, is completely different. CIOs no longer consider digital to be the most important aspect of their digital transformation strategy. CIOs are kept awake at night by the transformation aspect, which includes business ideation, insights monetization, and process innovation. What makes transformation more difficult is that it requires orchestrating change across four dimensions — technology, people, data, and processes — all at the same time.

Check Out The New Enterprisetalk Podcast. For more such updates follow us on Google News Enterprisetalk News.

--

--

--

Latest Business news | articles | Interviews | podcast

Recommended from Medium

Amit Chadha takes over as CEO & MD of L&T Technology Services, IT News, ET CIO

Digital Transformation of Supply Chains in the Context of New Technological Resources

SaaS IPO Benchmarking | ARR at IPO

#HerImpact: Building the Most Progressive Marketing Tech Community in the World

Want Better, Not More with Rose & Fitzgerald

What Are Product Feeds & Why Do You Need Them?

Butterball Goes Miniature

What is Ikea’s latest playbook?

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store
media

media

More from Medium

E.30 — Peter Bae: Young at Heart

Peter Bae — Executive Director, Korea Innovation Center (KIC) Silicon Valley

How Leaders Steered the Startups in Covid Pandemic?

How Visionary Leader Hassan Jameel Steers With Purpose

10 Key Things To Look For In A Consultant CRM