Investing in Digital Transformation
3 Biggest Wastes of Money When Investing in Digital Transformation, According to Expert
Digital transformation is a business imperative, yet many industries have struggled to put this into practical effect. Thanks to COVID-19, lockdown and forced work from home (WFH) restrictions, remote employees and clients’ expectations needed to be met in an unrestrained, highly competitive environment. Successful industries who invested in Artificial Intelligence for IT Operations (AIOps) in 2020 will most certainly have seen a return on their investment – but how have they done this? “With COVID-19, everyone is seeing digital acceleration, but few organisations are tracking what their business outcomes are from these,” says James Anderson, research VP at Gartner. “Where are companies wasting money? They’re not using business metrics to influence investment. They’re doing what people tel...
Bizerba Investing in Digitization and Additional Location
Site in Eastern Europe A positive development and the continued growth lead to the fact that production capacities at the German sites are reaching their limits. At the same time, new regions have evolved as clear growth markets in recent years. “Eastern Europe unfolds strong dynamics and is, therefore, a strategically important market for Bizerba”, says Andreas W. Kraut. With this additional site, Bizerba will be able to react to trade restrictions between the USA and China in a more flexible way and thus contribute to greater independence in the flow of goods and money. Therefore, the company will build a new site in this region in order to increase production capacities. As a global player, investing in growth regions is crucial for Bizerba to be as close as possible to the customer. “E...
Investment in Digital Transformation is Expected to Reach $7.4 trillion by 2023, says Report
As organizations look to transform their business operations and revolutionize customer service, Digital Transformation (DX) is at the top of most CXOs’ agendas; in fact, DX spending is expected to approach $7.4 trillion between 2020 and 2023, a CAGR of 17.5%. However, according to the latest industry data released today from Veeam Software, almost half of global organizations are being hindered in their DX journeys due to unreliable, legacy technologies with 44% citing lack of IT skills or expertise as another barrier to success. Moreover, almost every company admitted to experiencing downtime, with 1 out of every 10 servers having unexpected outages each year — problems that last for hours and cost hundreds of thousands of dollars – and this points to an urgent need to moderniz...
