Technology Magazine November 2022 | Page 48

Significant acceleration of digital transformation
DIGITAL TRANSFORMATION

Significant acceleration of digital transformation

When Deloitte and Fortune surveyed
CEOs about their leadership through the COVID-19 pandemic , 85 % indicated that their organisations had significantly
accelerated digital transformation . The report found that cloud spending has accelerated significantly since the pandemic , as companies found themselves forced to reassess not only their operations but their mindsets . According to Deloitte , the challenge for business leaders is how best to plan – and accelerate – digital transformation . either , there will always be inherent risks that shape decision-making in technology . In order to combat these risks , we need to understand what the core objectives of both the business and the technology are , as well as their wider context .
“ Our recent research found that the top three risk factors most affecting digital adoption over the next five years are remote and hybrid work ; changing market context ; and keeping pace with growth .
“ This shows that businesses need to keep building and improving on existing capabilities , rather than overhauling entire systems that could potentially open them up to further risk .”
Controlled risk crucial to success of Agile approach Part of taking an Agile approach involves taking risks , so how organisations balance risk versus reward is crucial . With regular , consistent reporting and
48 November 2022