Monday, March 27, 2023

Ways CIOs Can Digitally Transform Businesses in 2021

By Umme Sutarwala - April 16, 2021 3 Mins Read

Ways CIOs Can Digitally Transform Businesses in 2021

Migration to the cloud and its evolving array of stack services that organizations will increasingly utilize but not own is a notable shift in the business landscape. Digital transformation is essential, especially for businesses that want to be relevant for at least two decades from now.

According to research by Constellation of 100 leading CIOs in 2020, 77% of CIOs prioritize digital transformation in their budgets. This signifies the role of digitization is critical in ensuring business continuity. Businesses are now figuring out how digital transformation, machine learning (ML), and multi-cloud environments fit into their corporate strategy. And, they also want to retain some level of control over their own resource allocations.

Simply purchasing a trending application for businesses to evolve is not enough. Companies should understand their goals, employees, customer behavior, and omnichannel experiences to ensure the success of the digital transformation (DTX) initiative.

So, here are some steps that businesses can embrace for successful digital transformation.

Recognize the Right Stakeholders

As per the Harvard Business Review, only 22% of 445 executives surveyed in 2020, considered their current digital transformation approaches to be highly effective.

Also Read: Focus areas for CIOs in 2021

The primary step for businesses should be to identify executive stakeholder interest and ownership. Also, it is a must to have someone from the leadership team lead the charge with authority to communicate across the different silos of the organization and connect them.

Follow All-In Strategic Planning Process

Businesses must follow an all-in strategic planning process for a smooth migration to the cloud. Organizations building and owning data centers must have a strategic plan in place to ensure long-term success.

Companies can bring greater value to the market by transforming into cloud-based services and not spending resources managing data center infrastructure. Hybrid architectures that leverage on and off-cloud content services have the capability to boost resiliency, enhance flexibility in order to meet content-location regulations, and cut down content access time.

Create a Stringent Timeline

Creating a stringent timeline is a must for business transitions. Also, they should invest more on competitive, customer-centric applications and services that are developed on top of resources from their cloud-provider partners.

Companies should immediately refocus on investments as soon as they move data centers into cloud stack services. However, businesses cannot keep all of the expertise and resources which were earlier allotted to managing on-premises infrastructure. Businesses can save millions of dollars by emptying these areas and leveraging technology provided by major cloud providers.

Also Read: AI and Automation- their steady role in transforming the enterprise world

Be Vigilant About Data Security Policies

While cloud service providers offer some protection, businesses are eventually responsible for their own internal and external data security. Companies should always be vigilant about their data security policies, even if they have a reputable cloud service provider on board. It’s critical to actively scrutinize the performance and security of enterprise content management systems to prevent external attacks. Furthermore, companies need to be agile in identifying early warning signs of internal threats (employees or contractors) that may use their authorized access to jeopardize the company’s data. By managing authorized user activity and access to high-value content, businesses can rapidly identify usage trends, theft, and misuse.

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Umme Sutarwala

Umme Sutarwala is a Global News Correspondent with OnDot Media. She is a media graduate with 2+ years of experience in content creation and management. Previously, she has worked with MNCs in the E-commerce and Finance domain

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