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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 

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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 

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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. 

 

 

 

 

 

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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.

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