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The revenue gap between digital leaders and laggards in industries like energy are even larger than in retail, illustrating that there is an even greater premium for undertaking digital transformation for those industries not yet in the throes of disruption.
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Agility is key to success when undertaking digital transformations.
"As enterprises adopt NoSQL cloud databases to undertake digital transformation and AI initiatives, the need to manage and recover applications and data is becoming top of mind," said Bipul Sinha, Rubrik's co-founder and CEO, in a statement.
With more companies looking to undertake digital transformations, cities have also started considering what this same process might mean for key issues related to infrastructure, white collar crime, cybersecurity, energy consumption, and social issues.
1. Find the operating corridor - When it comes to undertaking a digital transformation, Etwaru says you need to find the operating corridor and it starts with the CEO who has the foresight that the business model that you have today is not going to withstand the test of time.
Over time, the challenge of connecting and updating these systems becomes overwhelming for IT teams, and undertaking strategic digital transformations as an organization becomes even more difficult.
At this point, we're able to measure the difference between companies that are mature in IT's preparedness to partner with the business and drive digital transformation compared to the companies that have not yet undertaken digital readiness efforts or those that are early on in this effort.
The lowest DATCON index was given to the media and entertainment industry as it was seen as having undertaken the least digital transformation investments compared to the other industries.
The ravenous appetite among businesses to undertake and complete digital transformation is playing perfectly into the philosophy of Microsoft CEO Satya Nadella, whose early and unwavering perspectives on the need for the cloud to reach every element of customers' "digital estates" has been an enormous factor behind Microsoft's emergence as the world's pre-eminent cloud provider for businesses.
10.28am GMT Tweets from #GdnCMS Updated at 12.49pm GMT 10.26am GMT Opening keynote - B2B transition from print to digital Nancy McKinstry, CEO, Wolters Kluwer provides a B2B focused opening keynote looking at the print to digital transformation undertaken by the global business information service provider - print accounted for 70% of their business in 2004, today, it's just 23%.
High: Could you talk about the way in which you define the digital transformation that PSAV is undertaking?
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