23 Aug Irish businesses to weigh in on the state of digital transformation
Article by Tech Central discusses the need for digital transformation in Irish businesses and why companies should keep investing in their digital strategy
Since the introduction of lockdown measures last March, Irish industry has been forced into a process of digitisation that has thrown most project timelines out the window. From back office staff to broadcasters the centre of productivity has moved from the controlled environment of the cubicle or open plan office to the home office or even the kitchen table. Employees may be happy with the short-term benefits but what happens when employees get tired of using personal laptops, family-use software and inadequate broadband for eight hours a day?
As a second national Covid-19 lockdown becomes likely it’s tempting to pause digital transformation strategies but there is broad agreement among experts and CIOs that now is the time to accelerate efforts to put the right tools in the right hands now to ensure competitive advantage after the pandemic passes.
Today, with 80% of revenue growth hinging on digital offerings and operations by 2022, IT leaders should continue transforming their operating models, according to KPMG research. Steve Bates, global leader of KPMG’s CIO centre of excellence, argues that companies that continue to invest in their digital strategy, while balancing short-term efforts with long-term measures, will emerge from this pandemic more competitive. Sound models that incorporate the best people, processes and technologies remain critical in good times and bad.
“All roads lead back to the IT operating model,” Bates says. “There is going to be pent-up demand and when this period ends there is going to be a tidal wave of spending and you want to be in position to take advantage of it.” In short, now is not the time to turn the spigot off to significant tech initiatives.