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Digital Transformation: Investing in Competitiveness
CIOs and IT leaders rate Digital Transformation as their number one priority according to the CIO Outlook 2021 Report.
The 2020 Pandemic has caused CIOs to see the importance of digital when large number of workers engage in remote work. CIOs are tasked with providing the tools and technologies that enable remote workers to be able to do their jobs.
IT investments are being made in collaboration software and analytics in order to keep businesses competitive. New digital platforms will help align company goals with team contributions.
Dean Guida, founder of Infragistics, said that “if executive teams do not make these tough investment calls, they will be surpassed by businesses with sophisticated digital capabilities.”
Forrester’s Prediction 2021 report said that “business-savvy CIOs who deploy highly adaptive strategies and technology to rapidly respond to the impact on their firm’s operations and customers will lead from the front. Those who struggle to meet the demands of the altered economy will fall further, if not entirely, behind in 2021.”
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