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Artificial Intelligence (AI), quantum computing and digital technology have combined to completely transform the way human intelligence is gathered by spies, presenting MI6 with major...
Strengthen your digital investment strategy with these five steps: Capitalize on your digital spend: Set up clear guiding principles to drive your digital capital allocation strategy, considering your corporate strategy goals, tech portfolio, ROI and potential impact on the business.
- Current and Future Digital Investments Trends
- The Importance of Sustained Technology Investments
- Investing in Cybersecurity Fortifies Returns
- Smart Investments Can Counterbalance Increasing Costs
- Enhance Costs by Reporting Digital Investment Outcomes
- A Business Case For Funding Financial Economics
- Creating and Maintaining A Healthy Workplace Culture
- Planning Your Digital Investment Strategy
- Invest in Value Creation—Not Just Technology
Many companies are spending more and investing in digital transformation to try and improve their business. It can be difficult to measure whether or not these changes are working. As pressure to quickly bring technology-enabled products and services to market and achieve efficiencies increases, global digital transformation investments are expecte...
Technology investments are a no-brainer for any organization wishing to maintain marketplace perpetuity and achieve operational efficiencies in this digital-driven age. Naturally, businesses that invest in technological advancements reap the rewards of a more flexible workforce, reduced costs, enhanced profitability, and the ability to deliver bett...
Digital transformation is difficult to achieve without cybersecurity. The fallout that can occur after a cyber breach can result in a loss of customer trust, sky-high recovery costs, and significant damage control. The median price of an attack costs up to18 thousand U.S. dollars in 2022. Gartner reports that by “2025, 70% of CEOs will mandate a cu...
Businesses gradually realize that digital transformation is crucial for their success in the long run. Many have already started to feel the consequences of not having made this change sooner, with employees becoming aware of their worth and demanding higher salaries or moving on to better positions. This new paradigm has been dubbed the ‘Great Res...
Once a digital strategy is in place, tracking and reporting on investment outcomes is vital. This can be done by collecting data on customer satisfaction, employee engagement, and expenditure. Reporting on developments can help you identify areas of improvement and take action to optimize results. Championing successful digital projects that enhanc...
By investing in digital transformation, businesses can experience significant benefits beyond the company itself. Not only do investments in digitalization lead to more productivity, but it also has the potential to bring about lasting economic success. For example, take the UK government’s “Help to Grow: Digital” initiative, which gives businesses...
An organization must clearly understand its work culture and ethics before fully realizing the benefits of investing in digital. Some factors that organizations should consider when going digital include how adaptable employees will be to technological change and how much user acceptance testing, training, and management workshops may be required. ...
A roadmap is a basis for any planning process, and this becomes more important as we trend toward the Internet of Things (IoT), Artificial intelligence (AI), and E-commerce. This should be tailored to fit the digital needs of your business strategy. It is important to think through the long-term impact of digital transformation and how it will affe...
Past studies have not shown a significant effect of IT investments on profitability. However, recent research from MIT suggests that information technologies deployed since the mid-90s have positively impacted profitability. It is crucial for businesses to closely monitor their technology investments and make sure that they are conferring with othe...
- Optimized Operations. Most companies begin digital transformation with operations. Think predictive maintenance, digital twins, and automation. Connect people, processes, and technology for greater visibility across a silo-free organization.
- Data-Led Decision-Making. Data is the raison d’être of digital transformation. Digital twins, dashboards, machine learning, and artificial intelligence (AI) deliver real-time analytics so organizations can make informed decisions.
- People-First Strategy. Companies must invest in technology and people in parallel, creating an empowered workforce that’s skilled for the digital world.
- Innovation at Scale. Innovation is critical to accelerating the ROI of digital investments. While many leaders prioritize innovation, they may also be unsure how to initiate change, be too focused on day-to-day operations, or have a fear of failure.
Feb 8, 2023 · A digital strategy defines an organization’s priority initiatives for future investment in digital technology to make a business more competitive by digitalization of its processes and review of its business model.
Aligning on investment vehicles. Overcoming barriers to scale. Establishing robust metrics. This synopsis concludes with eight recommendations for senior executives. Lessons from the most high-performing digital investors. Meet the digital leaders.
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return on their digital investment. Technology companies can use their expertise in this area to help their customers connect data sources and add clarity by implementing high-value gates on data to increase usability. For example, a large automotive manufacturer created a set of “digital signals”
