By Prangya Pandab - December 16, 2020 3 Mins Read
Technology has transformed the world into a globalized experience and become the main driving force behind the development of new flexible, mobile, collaborative work practices and the latest trends in office design.
The world has turned into an interconnected experience, and the pace of innovation is accelerating at an unprecedented speed. The tools that businesses use to meet business goals are changing, with enterprises moving rapidly to a remote working model. Even though there has been a continuous evolution and development of existing tools, the past few months have accelerated the development of many platforms and apps primarily used for remote collaboration.
The digital transformation that businesses are witnessing has become a driving force in today’s global economy. There is better employee connectivity, innovative ways to find new markets, streamlined ways of building products, and service offerings. Organizations need to be on the lookout for opportunities to drive growth through a focus on digital.
Whether it is a tool being introduced for a traditionally non-technical function, or a sophisticated solution that uses quantum computing, digital transformation will continue to be an essential lever for navigating disruption. These transformations will not happen overnight or by default, and businesses that want to stay ahead of the competition need to be in tandem with the technology available.
The ideal situation would be for the IT and business worlds to be perfectly aligned, with the IT team providing business leaders with the plans and necessary resources to achieve efficiency, maximum performance, and profits. But, unfortunately, it is yet to become a reality for most organizations. IT leaders are often left guessing whether the plans they’ve created and the technologies they’ve selected are fulfilling enterprise expectations. Meanwhile, business leaders worry that IT is not fully tuned in to actual enterprise needs and challenges.
Read More: Digital transformation – Measuring Success is Still Tricky
Aligning the IT and business strategies requires more than combining them into a single document. Every aspect of the IT strategy needs to support the goals of the business. The key to successful IT and business alignment is mutual leadership and accountability. This model can improve an organization’s performance, leading to more efficient processes, efficient supply chains, and faster response times.
The development of new technologies for the digital workplace should be viewed as a strategic, holistic initiative to improve business operations.
Automation in a complex system does not have to be a daunting task for organizations anymore. Organizations are setting themselves up for more issues by overlooking network automation and relying on CLI (command-line interface) while automating elsewhere.
Network automation strategies across the digital workplace must be part of initial discussions. There is no better time to re-evaluate the approach to digital transformation than now, and organizations need to look to start with the backbone of their technology, the network.
Significant disruptions to the market, like the coronavirus pandemic, force businesses to continually innovate. Customer expectations are evolving rapidly, and companies will always compete to deliver the best customer experience and sharpen their advantages.
Business leaders believe the impact of advances in AI, capacity for 5G wireless connectivity, and limitless processing power in the cloud are going to reshape many industries over the next five years as smart devices take over homes and offices.
Read More: The Impact of Digital Transformation on the Earth and its Natural Resources
These technologies will enable businesses to collect, in real-time, oceanic quantities of data that allow those who have undergone a digital transformation to react and respond quickly to opportunities, market shifts, and emerging trends.
Prangya Pandab is an Associate Editor with OnDot Media. She is a seasoned journalist with almost seven years of experience in the business news sector. Before joining ODM, she was a journalist with CNBC-TV18 for four years. She also had a brief stint with an infrastructure finance company working for their communications and branding vertical.
A Peer Knowledge Resource – By the CXO, For the CXO.
Expert inputs on challenges, triumphs and innovative solutions from corporate Movers and Shakers in global Leadership space to add value to business decision making.Media@EnterpriseTalk.com