The pandemic influenced the acceleration of business digitization by as much as 10 years


Data from the latest survey conducted by global software company Endava among 1,000 IT seniors from various industries shows that the pandemic caused by the Covid 19 virus exposed the problems with their technology and influenced them to accelerate their digital transformation in even ten years. This trend will continue, and organizations will invest more money in the following period developing the skills they need to improve their digital competencies.

The research covered IT decision makers in various industries, in key global markets such as the USA, UK, Germany, the Nordic countries, Australia and Singapore, and aimed to show how companies around the world are using the lessons learned during the COVID-19 pandemic to shape their approach to continuous digital improvement.

The surveyed seniors overwhelmingly stated that the pandemic exposed problems with the technology they use, and 87 percent of them stated that they had to make very quick changes to speed up their implementation. This approach of working under tight deadlines to meet the immediate challenges imposed by the “new normal” has proven surprisingly effective. As a result, 84 percent of organizations said that, because of the rapid technological turnarounds they have made, their digital adoption processes have been accelerated by as much as ten years.

“The COVID-19 pandemic has shown global organizations that there is a real need to be flexible and fast when creating and implementing digital strategies. Operating environments changed almost overnight and companies had to quickly adapt and implement new technology to solve the resulting problems. This approach was also confirmed during the pandemic. It is important for companies to keep pace with the evolution of technology so that they can not only follow their own digital adoption strategies, but also react to unforeseen problems”, He said John Cottrell, CEO of Endava.

This process of iterative digital acceleration will continue. If we talk about the financial aspect, of the companies surveyed, 92 percent of them indicated that they have increased their digitalization budget, while 95 percent of them announced that they will invest more in developing the skills they need to improve their digital capabilities. That the trend of an agile and fast approach in digital transformation is on the rise compared to the traditional one is shown by the fact that the surveyed companies place 70 percent of short-term and 30 percent of long-term weights for delivery.

Cottrell states that companies now face another challenge – to see the speed of the pandemic and to strategically approach digital acceleration. “They must be ready for constant changes and improvements, as well as for upgrading existing solutions, instead of replacing them. Putting the customer at the center of this journey will be key for those companies that want to ensure they stay at the top of their industries,” he concluded.

When it comes to the application of the latest technologies to existing solutions, it is not surprising that, in addition to cloud optimization, priority is given to AI solutions, but new exciting concepts such as the metaverse are also popularized.



Source: Personal magazin by www.personalmag.rs.

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