We live in a time that is characterised by a major technology takeover, a time experiencing the 4th industrial revolution. Companies that want to survive and evolve must keep track of technology breakthroughs, because as we’ve come to know, technology can make or break a company’s success.
Solely looking at digital transformation spending by organisations around the world should make it clear that it’s here to stay. A forecast by IDC states that worldwide spending on digital transformation technology and services may reach $1.97 trillion by 2022. The manufacturing industry is expected to invest the most, followed by transportation and retail. An organization’s transition can feel overwhelming as today’s customers expect a lot. So where can technology leaders go to stay knowledgeable and up to speed?
Transforming your organization towards being more efficient and effective is the main drive for improving how you run your business. If we assess how well an organization is running its business, we’ll see that there’s always room for improvement, especially in this day and age of technological advancements where we rely on systems and apps to do things in a more natural and much better way.