The Acceleration of Digital Transformation in 2020
A global study surveying 2,569 enterprise decision makers by cloud communications platform, Twilio, COVID-19 accelerated companies’ digital communications strategy by an average of 6 years. 97% of these decision makers believe the pandemic sped up their company’s digital transformation, 68% indicating by “a great deal” with a full 79% indicating that COVID-19 increased the budget for digital transformation.
Naturally, big data projects are playing a big part of this accelerated digital transformation and not just in healthcare and biotech-related companies where you expect to see it. Another study conducted in July and August of 2020 by independent research company Vanson Bourne and commissioned by Dell Corporation surveyed 4,300 business leaders on the topic of digital transformation. Among other things the study found 81% foresee organizations using artificial intelligence (AI) and data models to predict potential disruptions, and 70% predict distributed ledgers – such as Blockchain – will make the gig economy fairer, by cutting out the intermediary.
These and a host of other studies across a wide variety of industries are simply reinforcing the urgent need for companies to hasten their move to more scalable and flexible IT and data infrastructures. This is driving a huge surge in cloud computing growth. AWS posted 33% and 29% growth in their first and second quarter earnings reports of 2020 while Azure and GCS each posted even greater increases of about 50% for the same quarters.
If your company finds that its data infrastructure is holding back productivity in this new era of accelerating digital transformation, consider turning to BizAnalytica for help. We can build you a practical, executable master data plan to fortify your company in the era of COVID-19 and beyond.
