While Digital Transformation has been a hot topic for almost a decade, it ranks among Chief Information Officers’ (CIO) most pressing challenges.
Everyone understands what it is but there’s still no guaranteed way to successful digital transformation. That might be because every industry or business is different.
Worldwide spending on Digital Transformation will be nearly $2 trillion in 2022, according to IDC. It predicts that, by 2020, 30% of Global 2000 companies will have allocated capital budget equal to at least 10% of revenue to fuel their digital strategies. Organisations are placing significant resources to accelerate their approach to transformation initiatives during their digital transformation journey.
Even with this growing commitment to digital transformation, success rates are consistently low – McKinsey notes that less than 30% of projects succeeded. At the pace of change today, this number is sure to go up over the coming years, and CIOs should be very concerned. With not even half of transformation projects delivering successful results, what should IT leaders do?
In some organisations, connectivity and networking is merely an afterthought but that shouldn’t be the case. They are often overlooked in favour of new and exciting digital technology powering the connectivity link, and therefore often taken for granted.
Like any utility, we expect the network to be available all the time. When it goes down or is functioning at a sub-optimal performance, it can cause all kinds of inconvenience. Regardless of industry, network connectivity will be the foundation of any business. Whether it’s connecting consumers to services or digitalising internal management.
So, what does it mean to make network connectivity the foundation in Digital Transformation?
Software-Defined Networking (SDN) platform removes manual processes from networking, which reduces lead times from weeks and months to minutes. It increases agility and frees the enterprise to turn up new services and grow globally without limit.
Businesses should have control over their network services. They should have visibility into the network performance combined with the ability to scale up or down as is needed. Being in the driver’s seat, businesses will be able to react immediately to new demand across their organisation and around the world.
- Super Flexible
The days of multi-year inflexible contracts are over. Contracts need to reflect how quickly the market is moving and how fast enterprise demands can change. Digital businesses need the freedom to change while not over or under spending on connectivity.
An enterprise’s Cloud service is underpinned by its network. Enterprises need reliable, secure and direct access to Cloud Service Providers (CSP) and easily manage connections to multiple clouds. Networking should accelerate Cloud connectivity, not hinder it.
Digital transformation is an ongoing journey, and we understand it’s never going to be easy.
Talk to one of our Digital Transformation experts to get an understanding on how Epsilon can help you make transformation a success within your organisation. Get in touch with us via the contact form below.