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Intelligent CIO: Visibility is key to ensuring positive impact of Digital Transformation
Digital Transformation is everywhere. It heralds a new era of business agility and innovation-fuelled growth — catapulting the role of the CIO into a major boardroom player. However, this also means that IT leaders are under more pressure than ever before for their teams to support business demands for continuous innovation — delivering services faster, cheaper and often with fewer staff. Transitioning into a digitally-empowered business is at the top of many C-Suites’ priority lists and according to a 2018 IDC report, 89% of enterprises have plans to or have already adopted a ‘digital-first business strategy’.
Thus, it is no surprise that the global Digital Transformation market is growing at a CAGR of over 18% and according to MarketWatch, is estimated to exceed US$462 billion by 2024. But success is proving difficult to achieve. Half of the US executives surveyed in one 2017 poll said their company isn’t successfully executing against 50% of their Digital Transformation strategies.
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