Digital transformation is a global trend that is only accelerating. In November 2021, IDC predicted that global spending on digital transformation will reach USD 2.8 trillion in 2025, more than double the amount allocated in 2020. As businesses navigate uncertainty and change, digital transformation has become crucial for remaining competitive and nimble. However, 64% of CIOs see workplace culture as a key barrier to effectively scaling these efforts.
While culture can hinder digital transformation initiatives, it can also be an enabler when oriented around supporting technological change. Forward-thinking companies are realizing that building a “digital culture” is instrumental for unlocking the full potential of new technologies.
When dealing with digital transformation, one strategic business approach is building a team and workplace aligned around digital culture. What exactly does this entail and why does it matter? Let’s explore the ins and outs of digital culture and why actively fostering it needs to be a priority for leadership.
Continue reading “Digital Culture in the Workplace – What It Is and Why It’s Important?“
Gartner, a globally recognized international research and IT advisory firm reports a continuous upward trend in IT spending on public cloud services in their 2023 study. Indicating that organizations, as of 2023, are increasingly adopting cloud computing either as a disruptive technology or as an enabler of capabilities. Moreover, projections indicate that by 2024, global end-user spending on public cloud services will amount to $679 billion, exceeding $1 trillion by 2027.
These data and trends clearly indicate that amid this era of significant transformation, enterprises must accelerate the formulation of digital transformation goals and strategies, enhance the application of cloud technology, and be prepared to meet challenges at any time. Only by doing so can they secure a firm foothold in the market.
Continue reading “Digitization vs Digitalization vs Digital Transformation? What’s the difference and how can they benefit corporates?“
When was the last time you actually walked to your bank, showed the banker your identification card, and requested a withdrawal? Or, cashed a paycheck with an actual banker rather than your cell phone? How about paying your friend back exactly $30 in cash for gas money instead of sending them a quick payment on Venmo or Cashapp?
Continue reading “What Is Digital Transformation In Banking? “