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Digital Transformation: Investment Focus Shifts from Foundational to Emerging
Digital Transformation is accelerating across 80 percent of companies, according to a report by Dell Technologies. The biggest areas of investment include: cybersecurity, data management, 5G, privacy, and multi-cloud environment. Those investments show that businesses have shifted after the start of COVID-19 more from foundational IT investing to picking up more on emerging technologies.
The Dell report found that the three most frequently cited barriers to attempting digital transformation are:
- Data privacy and cybersecurity
- Lack of budget and resources
- Inability to extract insights from data and/or data overload
Michael Dell, chairman and CEO, Dell Technologies, said that “we’ve been given a glimpse of the future, and the organizations that are accelerating their digital transformation now will be poised for success in the Data Era that is unfolding before our eyes.”
Aaron Levie, CEO of Box, said that “the last ten years of IT have been about changing the way people work. The next ten years will be about transforming your business.”
the modern digital era, companies have to digitize their existing conventional processes by collecting, analyzing, and utilizing the real-time data to optimize, transform the processes for engaging, delivering value to the customers. With our expertise over innovative digital technologies like IoT, Data Analytics, AI we can help you to utilize advanced digital solutions to automate the data collection, process integrations using real-time data insights to adapt and meet your ever-evolving customer needs.