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INTEllIGENT COMPUTING | IT TRANSFORMATION

business success and transformation maturity, with 68% barriers keep CIOs and CFOs from collaborating more
of leaders rating IT Transformation as an established closely on IT Transformation
strategic priority and in many cases a component in l Companies with the most successful transformation
overall business strategies. The research and interviews efforts see 7+% gains in sales and profits
also show what best practices IT Transformation leaders l IT transformation leaders are more than 2X as likely
have developed to overcome these barriers and enable to report they are ahead of their competition and 2.5X
them to use their digital prowess to increase the value of more likely to report return on investment in 12 months
their businesses. “Some CFOs still see IT as just a cost or less.
center, which doesn’t make collaboration easy,” said l 85% of global executives plan to spend up to a quarter
Bruce Rogers, Chief Insights Officer at Forbes Media. of their total enterprise budgets on IT Transformation in
“And CIOs need to apply their skills to core business 2018
processes like supply chains.” l The top three investment areas in the next year will
“IT Transformation is quickly moving from a differentiator be big data platforms (77%), cloud services (76%) and
to a non-negotiable strategy for companies seeking to social-media activities (72%)
reduce time to market and pull ahead of the competition,” l 75% of global enterprises will invest in IT process
said Gaurav Chand, Senior Vice President of Marketing at reengineering, while 69% will automate IT as a service
Dell EMC. “The CIO/CFO dynamic has significant influence and 67% will install new server technologies
in any business—and collaboration between those roles l The top goals for IT Transformation are reduced IT
is the key to tying IT investments to business outcomes. costs (75%), being first to market with new products
Companies not already moving toward IT Transformation and services (73%) and reallocating funds to strategic
need to start now, or be left behind.” business projects (67%)
l Leading companies see significantly faster returns on
kEy TakEaWayS their transformation investments, with a quarter registering
l 89% of senior executives acknowledge that significant paybacks within 12 months

| A CyberMedia Publication www.dqindia.com January, 2018 | 39