“Flexible work is an essential component of the future of business, and it seems that it’s here to stay. 72% of CFOs believe that work flexibility will make their company better in the long run. This drives home the urgent need to bolster remote work capabilities — enabling employees to work from wherever they want, whenever they want.”
A new study finds companies have accelerated the digitization of their customer and supply-chain interactions and of their internal operations by three to four years. And the share of digital or digitally enabled products in their portfolios has accelerated by a shocking seven years.
As the world continues to face a prolonged, massive health crisis, and prepares for the accompanying economic and social shocks, the question of “Who Will Finance Innovation?”, the theme of this year’s Global Innovation Index (GII), is critical in solving the seemingly insurmountable problems ahead of us.
via INSEAD Knowledge
The need to improve the digital resiliency of the workforce during and after the COVID-19 pandemic has drastically accelerated trends in digital technology — “The pandemic rapidly elevated many digital workspace technologies from nice-to-have to must-have status.”
An IT talent shortage already beleaguers 69% of enterprises. According to Everest Group, 75% of enterprises believe there will be a talent shortage for key roles in IT, analytics and special skills areas post-COVID-19 and that the current recession will not create a surplus of technology talent. In fact, 67% of enterprises think new skills gaps will emerge.
via Everest Group
“The composable enterprise has four core principles: Modularity, efficiency, continuous improvement and adaptive innovation. Although many organizations apply these principles in a piecemeal fashion, a composable enterprise applies all four across all parts of its organization — from business models to how employees work.”
The 2020 IT infrastructure services market will decline -4% to -6%, with lost revenue from $33 billion to nearly $50 billion. Note, the market was slated to grow at a modest rate of 2 to 3 percent. However, the pandemic has led to uncertainties across the globe. SD-WAN networking is one of the few exceptions – it’s still driving growth.
via Everest Group
“Many B2B technology and service providers approach go-to-market (GTM) strategy in silos. First, they develop the product and identify the market segmentation, then they create sales and marketing strategies. But buyers increasingly expect more.”
Here’s a better way: “Overcome Data-Driven Agile Marketing Shortfalls.”
The COVID-19 pandemic has disrupted business operations across a broad swath of the economy and left both buyers and sellers reeling. IDC’s modeling of this crisis, The Five Stages to Enterprise Recovery, breaks down how companies respond into five phases.
“In the next two to five years the widespread adoption of microservices, serverless computing, and containers will deliver public cloud speed and agility across private and industry-specific cloud environments, threatening hyperscalers’ dominance.”