89%
of companies globally are in the midst of a digital transformation.
72%
of companies surveyed expect to increase spending on digital transformation efforts.
$3.9 trillion
of projected spending on digital transformation globally by 2027.
Evaluate your needs and legacy systems.
To know where to begin, you must understand where your needs are today. For example, consider:
- Your enterprise resource planning (ERP) platform
- Your key personnel
- Your revenue-producing systems
- Any accumulated tech debt
Use ROI to plan your digital transformation.
Grounding yourself in the outcomes you want to achieve will help you navigate through the noise.
- Choose a specific goal and metrics.
- Think big, then start small—and learn fast!
- Balance short- and long-term goals.
- Learn from your competitors.
Factor timing into your implementation.
Digital transformation is a yearslong process, with some projects demanding more time and effort than others.
- Know how long a transformational project will take.
- Build in extra time.
- Develop a transformational culture.
- Optimize for efficiency over the long haul.
Big data
Large, complex sets of data that can reveal patterns and trends and lead to more informed decisions.
Cloud computing
The delivery of computing services (such as servers and storage) over the internet.
Fintech
Technology focused on improving and automating the delivery and usage of financial services.
Internet of Things
A collective term for the many physical devices that connect and exchange data over the internet.
Machine learning
A form of AI that uses data, algorithms, and stats modeling to teach computers how to recognize patterns and make predictions.
Vaporware
Software that’s been announced or advertised while still in development—and may never actually launch.
Managing cash flow with embedded finance
Improving the customer experience with generative AI
Boosting efficiency with robotic process automation (RPA)
