eCloudvalley Newsroom – Unlocking the future with digital transformation (0710-0716)

Welcome to eCloudvalley Newsroom. As the impact of COVID-19 unfolds, the C-suite has begun investing in technology to make up for lost revenue, lower expenses or increase efficiency. One in five CFOs polled by PwC say tech investments will help them reduce costs.

Pandemic will prompt businesses to spend on digital transformation, experts say
The Covid-19 pandemic has hurt businesses but experts say it will prompt them to invest in advanced technology such as artificial intelligence, data analytics and 5G to protect their operations in the future.
The amount spent on AI systems worldwide is expected to grow at an annual compound rate of 28.4 per cent from last year’s $37.5 billion (Dh137.7bn) to $97.9bn in 2023, according to the International Data Corporation.

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70% of businesses push past pandemic, maintain digital transformation spend
Despite the economic contraction, 70% of businesses plan to sustain or increase their 2020 investments in digital transformation, according to a survey of 3,000 global executives published by software company IFS. The survey was conducted between April and May.

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CEO Insights: Will Digital Transformation Priorities Finally Stick?
In a recent State of Manufacturing survey, whose results will be unveiled in a live event on July 15, 71% of manufacturers said that digital transformation has increased in importance over the past three months. The question that presents itself is what makes this time different? What can manufacturers do to make digital transformation initiatives stick?

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<< Source: Future & CIO Dive & Forbes >>

2020-07-09T17:39:19+00:00 2020/07/09 |Insights|