The COVID-19 pandemic came as a wakeup call for organizations to accelerate digital transformation. Enterprises acknowledged the need to digitally enable rapid innovation in developing and launching new business models and products, optimizing business processes, and responding to new requirements of both external and internal stakeholders. Digital-native organizations were able to adapt to the changing business scenario quickly in the COVID-19 era.
74% of large organizations realized the imperative to modernize their enterprise IT systems to drive digital transformation.
Modernization is no longer optional. Without digitization, enterprises will face many challenges and risks. Some of these risks include a poor brand image, a loss of market share, vulnerability to competition, and an inability to attract good talent.