eCloudvalley Newsroom – Unlocking the future with digital transformation (0703-0709)

Welcome to eCloudvalley Newsroom. As the world battles COVID-19, enterprises globally have embraced working from home. In a matter of days, millions of professionals are working, collaborating and innovating remotely. This new normal is made possible by the massive investment that companies have made in digital transformations over the past decade.

Why Cloud is an essential foundation of successful digital transformation?
Digital transformation is among the fastest-growing technology/service clusters. IDC predicts that by 2023, digital transformation will account for more than half of global ICT spending. This means that for the first time in history, enterprises will have invested more in digital transformation than in all other ICT initiatives combined.

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Three Ways COVID-19 is Accelerating Digital Transformation in Professional Services
Digital transformation was a line item on many business agendas long before COVID-19 came along. But the pandemic catapulted it to the top of the priority list for virtually every business in the world. Now, as we start to look past the immediate pandemic crisis response and toward a “new normal” where working-from-home is expected, the need for cloud-based infrastructure is a no-brainer and predictive analytics are essential. The pace of digital transformation has been dramatically accelerated — it’s not a conversation starter now, it’s a basic business requirement.

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Digital transformation spend increase during Covid-19 pandemic, says IFS study
IFS’s survey data indicated that, during these dynamic times, plans to increase spending on digital transformation tracks closely with concerns about economic conditions disrupting the business. The survey found that the people concerned with economic disruption were 20% more likely to plan increased spending on digital transformation.

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<< Source: Corporate Finance News and Events(CFO) & Information Age & Dataquest >>

2020-07-02T14:53:02+00:00 2020/07/02 |Insights|