With today’s speed of innovation, the modern workplace is rapidly transitioning toward digitizing business operations. According to the results of a Foundry study, “93% of organizations have adopted, or have plans to adopt, a digital-first business strategy.” Whether incorporating a cloud solution for file storage and retrieval or utilizing remote worker tools to create a work environment for both in-office and off-site workers, digitization has become a focal point across various industries. Read More
Category Archives: blog
In the face of market pressures and business model changes, health plans are innovating in ways other companies may find instructive. Read More
Supply chains are the lifeblood of business. If you can’t get your product into consumers’ hands, nothing else matters. Supply chain technology solutions help organize the process from start to finish for companies of every size. Read More
In the world of digital transformation, the statistics are sobering. A 2021 study by McKinsey reveals that a staggering 70% of such projects fail to meet their objectives. Another McKinsey survey indicates that only 16% of digital transformations result in sustained improvements. With global spending on digital transformation reaching an astronomical $1.59 trillion in 2021, the stakes have never been higher. Against this backdrop, effective communication emerges not as a luxury, but as an imperative. Read More
Businesses are always absorbing new technology. Whether it is electricity, motorized power, assembly lines or the internet, the competitive nature of markets creates the capital motions that propel businesses to absorb new technology or be left behind. Absorbing new technology requires that executive leadership teams reflect on the optimal balance between protecting a business’s propensity to win and leveraging its capacity for change. Once a target balance of winning while changing has been defined, the business then goes on the journey to transform. Read More
Online retailers and business owners are seeing more traffic and sales than ever, with e-commerce revenue projected to increase 53%, or by $490.4 billion, between 2023 and 2027. In the near term, the holiday shopping season is also approaching, with Deloitte analysts predicting 2023 holiday e-commerce sales to grow up to 12.8% compared to 2022. Considering this surge in activity, legacy logistical and supply chain management solutions can no longer keep up. Suppliers and retailers are now looking to gain increased visibility into their supply chain to cut back on waste, as only “6% of businesses claim to have complete supply chain visibility” in 2023. Read More
Digital transformation continues to be a priority in today’s business landscape, with companies taking a variety of approaches to it. As a CIO, I must admit I have a fascination with “shiny new toys” and often cannot wait to get knee-deep in experimenting with its potential applications to the business. To ensure that we get the best outcome, it is therefore important to have a clear view of the end goal and not forget that tech is ultimately an enabler for the business. Read More
In the decade spanning 2017 to 2026, global spending on digital transformation is expected to increase nearly fourfold, from just under $1 billion in 2017 to $3.4 billion in 2026. Yet, according to multiple studies, the risk of failure in these transformation initiatives lies somewhere between 70 and 95%. This results in a colossal waste of time, money and resources; yet, companies often fail to consider this highly likely outcome in their technology budgeting and planning. Read More
In 2020, we saw an uptick in virtual employment and remote work. Due to the global pandemic, businesses were encouraged to hire more people who worked in different countries, states, cities or even within a home office in the same city. Read More
Today, digital transformation is inevitable for most companies; it’s not just for those in the tech sector. This message is crystal clear in any panel discussion, study and article related to how organizations can stay competitive as the world shifts to digital. Read More
