Digital acceleration is here to stay, and it’s time to embrace it
“Information systems are experiencing a revolution, no less, in terms of demand, prestige, and value creation. We are seeing a major change as IT departments are taking center stage as innovation drivers,” writes Shimon Elkabetz, Country Managing Director at Accenture Israel
Shimon Elkabetz | 15:22 20.06.2021
When it comes to digital transformation, one of the misconceptions is that the idea behind the move is purely a technological leap, when in practice, the reality is entirely different. According to a survey we conducted among 4,300 senior executives in the information systems business, in no less than 25 countries around the world, companies that have invested in technology have significantly increased their profits - compared to those who have only just begun to do so due to the Covid-19 outbreak. Of all those who answered the survey, more than 70% reported that they increased investments in cloud security, 68% answered that they had increased investments in a hybrid cloud solution. In addition, the adoption rate of IoT technologies has risen by 70%, and the use of AI and artificial intelligence applications has increased by about 70%. All the companies that reported that they accelerated the adoption of the new technologies reported that their profitability increased by 17% compared to the previous year. One of the most notable figures in the global survey is that the leading companies have diverted many of their IT budgets from maintenance to business innovation. There is no doubt that the cloud revolution is one of the significant technological revolutions we have experienced. But, beyond a technological leap forward, it is an innovative organizational concept that streamlines business activity and changes the rules of the game.