Skip to main content

Digital transformation of a company - need of the hour from surviving and thriving


So the news 

https://www.wsj.com/articles/cios-accelerate-pre-pandemic-cloud-push-11619434818?st=9r69b9o1jt96red&reflink=article_email_share&cid=other-eml-onp-mip-mck&hlkid=7be2b4fad1064368836c8aba12dbe9f7&hctky=9431270&hdpid=3bec9d3a-6d18-475b-9bca-b79ef8107869

What it means 

•

Seven heaven or Cloud nine. Global spending on cloud services is expected to increase 23% this year as companies shift focus from supporting the tools required for remote work to large-scale digital projects and IT strategies. Companies are also shifting their approach to the cloud, embracing it as a vehicle for competitive advantage that can track performance and ultimately help drive smarter decisions.

Another one 

https://fortune.com/2021/05/26/customer-experience-coronavirus-pandemic-verizon-amc-goldman-sachs/?cid=other-eml-onp-mip-mck&hlkid=a1e2fb8e05c544f5bbae5bad9f92ccdf&hctky=9431270&hdpid=3bec9d3a-6d18-475b-9bca-b79ef8107869

What it means 

•

Digital first—and second and third. Many digital trends begun during the COVID-19 pandemic—from self-installation of internet services to mobile banking and virtual medical visits—are likely to stick. The challenge for companies now is how to connect with their customers in a highly accelerated digital world. 

 

 

 

 

 

•

Why it matters. Digital is fundamentally reshaping the competitive landscape in nearly every industry, and corporate boards have an important part to play in helping their businesses accelerate their digital-transformation programs.

Labels:

Comments

Post a Comment

Popular posts from this blog

Learning from #FriendsReunion - Plan Your Bottle Episode

Learning from #FriendsReunion - Plan Your Bottle Episode While watching Friends: The Reunion a while back ( Yes, i am super late, been a very busy week) something  struck with me which the show’s creators said about "budgeting" a term called Bottle Episode.    On Friends - Its one of the most successful television sitcoms of all time. From 1994 to 2004, the show never left the list of top 10 most-watched  television programs.  It was also one of the most expensive television series of all time. By the last two seasons, each of the six main actors earned more than $1 million per episode. From the resources perspective, the show has more than justified that expense since then. As per some estimate Friends earns around $1 billion a year from syndication, merchandising, streaming, and other deals. During the reunion show, creator Marta Kaufman talked about how they planned “bottle episodes” each season to manage the show’s budget....
6 comments
Read more

What if SP comes to power?

I was just wondering, if the Samajwadi Party (SP) supported government comes to power at the Centre this time around, many companies in India might have to write off another kind of loss from their books - loss on account of unused computers. After all, the party’s supremo Mr. Mulayam Singh Yadav believes that - "The use of computers in offices is creating unemployment problems. Our party feels that if work can be done by a person using hands there is no need to deploy machines." Incidentally, the party is also against stock markets, use of English language, agricultural machines, and high corporate salaries!
4 comments
Read more

Jet Airways will start a new no-frills carrier called Jet Airways Konnect

As per a leading business daily, Jet Airways will start a new no-frills carrier called Jet Airways Konnect. The fares for the service will be 10% to 15% lower than the normal Jet Airways economy fares. The company has not launched the new service under its JetLite brand due to pending litigation with the Sahara group. It may be noted that market share of the more expensive full service carriers has fallen due to the economic slowdown. There is a beleif that the airlines industry is value destructive. As Warren Buffett once said, "Should you find yourself in a chronically-leaking boat, energy devoted to changing vessels is likely to be more productive than energy devoted to patching leaks." If only, our air carriers paid heed.
Post a Comment
Read more