devopsy.kinsta.cloud

Author: Saransh Sharma

  • How COVID-19 Has Affected Digital Transformation

    How COVID-19 Has Affected Digital Transformation

    The current COVID-19 pandemic may have changed the way many of us work and impacted productivity, but digital transformation marches on. With technology arguably more important than ever, digital transformation needs acceleration, and companies are beginning their journey with the cloud. That’s according to results from a survey by cloud service provider Ancoris and the Cloud Industry Forum (CIF).

    The survey, which was conducted in the UK by Vanson Bourne prior to the lockdown, is comprised of responses from IT companies and business decision-makers in digital transformation to understand how they were utilizing next-generation technologies and the cloud. According to the results, 80% said they had their digital transformation strategies at hand, compared to today. With the novel coronavirus putting more pressure and less time on these companies to plan, only 18% of them have a strategy in place. “The very survival of office-based organization has hinged on their ability to adapt and go remote as quickly as possible,” Ancoris CEO David McLeman noted, which is putting pressure on companies to pivot as quickly as possible.

    Before the lockdown, the cloud was considered a vital element of their digital transformation efforts for 25% of respondents in the business and professional services sectors, 23% in the public sector, 22% in retail and surprisingly low 19% of respondents in the financial sector.

    Among other key findings: twenty-eight percent of businesses already have their digital transformation strategies fully in place, while 54% have begun their implementation. Businesses are also seeing the importance of the cloud, as 93% of respondents said their companies use it in some sort of way. And 25% of respondents said that they don’t get enough assistance from partners in helping them make strides in digital transformation.

    McLeman emphasized the importance of having external partners now and after COVID-19. They play a “leading role” in helping companies digitize, he said, and will be an “increasing integral component on ongoing digital transformation” post-COVID-19.

  • Report: Confidence in Digital Transformation Lacking

    Report: Confidence in Digital Transformation Lacking

    Results of a recent survey conducted by the Corporate Board Member Institute shows a majority of respondents see their organizations’ digital transformation efforts aren’t keeping pace with the current business environment.

    The survey polled more than 200 directors of public companies in February, before the global COVID-19 pandemic hit the United States, and the results were compared to PwC’s 2020 Global Digital IQ survey. The results show a lack of confidence in digital transformation initiatives—3 out of 5 respondents admitted their company is behind in their digital transformation processes and within the past three years, only 54% had begun their digital transformation processes.

    The PwC survey, however, shows the opposite: According to those results, 70% of U.S. executives said their digital transformation is ahead of their competitors. That 70% of executives compared to 35% of directors shows executives are more positive in their company’s progress and maintain a goal-oriented view, said Paula Loop, leader of PwC’s Governance Insight Agency.

    The optimism by executives shows that they have confidence in their ability to get things done with digital transformation now, and that they are planning for what is in the present and the near future. The results from directors show a longer-term view—while things currently might not look so good and they say they are behind, they still have the confidence that they can make strides in improving their digital transformation. Directors still believe that they are on or ahead of schedule in other areas such as integrating new technologies into products and services (70%) and training workers for the digital era (67%).

    In interviews conducted post-survey, after the pandemic hit, some directors said COVID-19 will accelerate their digital transformation initiatives. “Regardless of where companies were in digital planning, this pandemic has thrust most, if not all, into some form of digital transformation,” Loop said.

    Even when faced with a global pandemic, the business continues. Competition isn’t slowing down; it’s time to see whether digital transformation processes will follow suit.