One thing is clear: The workplace is evolving.
In a quest for continuous optimization, employees are breaking down silos, collaborating and communicating in unique, more productive ways. As customer expectations continue to rise, organizations are evolving and modernizing processes and systems.
With this, comes the emergence of the CIO as an important strategic role — expected to not only manage IT budgets, but pinpoint new revenue streams and find business value. With digital transformation (DX) as a priority, it’s easy to see why CIOs are leveraging digital opportunities — and why the resulting worldwide spending on DX-enabling technologies and services is forecast to reach $1.97 trillion in 2022.
A significant driver of digital transformation and business innovation is the app economy and enterprise applications. The result: The increasing adoption of low-code platforms in the Application Development & Delivery (AD&D) market.
“Enterprises are working towards leveraging agile practices and incorporating development techniques to create a minimum viable product (MVP),” explains WaveMaker CEO Vijay Pullur for Information Age.
So how can CIOs leverage the potential of emerging technologies like low-code platforms to drive digital transformation ROI? Pullur outlines 5 ways:
- They provide IT leaders with “the potential to bridge silos, streamline processes and enable teams to collaborate and focus on core innovation,” he explains. “Using rapid application development tools, CIOs have been able to accelerate their revenue-generation and digital transformation initiatives.”
- Modernity without starting from scratch: “The agility and speed to develop enterprise applications make low-code platforms a preferred choice.”
- Speed and agility: “Rapid application development reduces time spent on design and coding while improving developer productivity,” writes Pullur. “By advancing the ‘speed to market’ metrics, CIOs using low-code platforms can achieve a higher return on platform investment.”
- “While time is of the essence so is the experience,” says Pullur. When strategically developing applications, “the ethos of users” must be at the core. “By improving the usability metrics… low-code platforms have higher adoption rates and better opportunities to deliver business value.”
- Thanks to DX, modern IT infrastructure must be agile, flexible, scaleable, and cost-effective. It comes down to choosing the right platform and technology. Low-code applications allow for code reusability, improve agility, faster time to market, and make integration and deployment easier without vendor lock-in.
Indigenous-led digital transformation in the face of a pandemic
Projects in Saskatchewan and Ontario are ensuring online learning access and the continuation of Indigenous tourism during COVID-19.
A pair of Indigenous-led projects in Saskatchewan and Ontario are ensuring online learning access and the continuation of Indigenous tourism during COVID-19.
A self-contained signal relay network is helping all students from the Peepeekisis Cree Nation get online and back to school.
As reported in the Regina Leader-Post, Peepeekisis Cree Nation operations director Ernest Standingready — along with Pesakastew School principal David Still and education director Joy Sapp — saw this solution as a way to manage COVID-related physical distancing requirements.
“This technology allows us to broadcast that beam a few kilometres away and pick it up with another node and then repeat it and keep amplifying the signal down the road,” Standingready told the Leader-Post.
Mage Networks, based in Calgary, supplied the nodes which have been placed throughout the 38-square-kilometre reserve. Standingready, Still, and Sapp maintain control of the network, with only registered devices allowed and restrictions placed on website access.
Only 30% of the school’s registered families had internet access, explained Still, with 70% using cell data. The school gave each registered child a computer. In consideration of siblings, specific learning times are booked for each grade.
“It makes it that much more difficult when we’re on a First Nation that doesn’t have the basic infrastructure for the Internet, or even reliable, fast internet,” said Standingready. “A lot of houses are a few kilometres away (from each other); they’re not even tied into public infrastructure … Trying to find a way to get a signal out there was the biggest hurdle, but we were on that early.”
Boosting Indigenous tourism
According to Indigenous Tourism Ontario CEO Kevin Eshkawkogan, before COVID-19 there was “an increasing global demand” for Indigenous tourism.
Now, as reported by CBC Sudbury, the organization is working with Indigenous businesses to create virtual reality tours to help manage the pandemic-related decline in business.
In one example, Eshkawkogan explains that a company like Northern Ontario’s Mukwa Adventures — which provides guided ATV tours — could benefit from VR technology.
“He’s only got so many ATVs that he can take people out on the land and teach them different things,” he said, “but if you imagine … how much more accessible his business if he could do a virtual tour.”
Ultimately, it comes down to Indigenous-led solutions.
“We just want to help tell the Indigenous story on Indigenous terms while helping business operators who are Indigenous grow their business.”
The effect of COVID-19 on digital communications
Twilio’s Digital Engagement Report found that the pandemic accelerated companies’ digital communications strategies by an average of 6 years.
We’ve discussed how digital transformation fits into our post-COVID world. Specifically, how investment in emerging technologies is key for business survival.
Let’s keep the discussion going. Why? Because according to a study by cloud communications platform Twilio, COVID-19 accelerated companies’ digital communications strategy by an average of 6 years.
Basically, we’re going to be feeling its effects for a very, very long time.
“Over the last few months, we’ve seen years-long digital transformation roadmaps compressed into days and weeks in order to adapt to the new normal as a result of COVID-19,” explains Glenn Weinstein, Twilio’s Chief Customer Officer. Looking at the numbers, 97% of survey respondents believe the pandemic sped up their company’s digital transformation.
“Cloud scale, speed, and agility are enabling organizations to innovate faster than ever,” Weinstein added.
Twilio surveyed 2500+ enterprise companies on how COVID-19 impacted their digital transformation roadmaps. Read the report and learn how your peers are thinking about the future. https://t.co/zGng9v727y pic.twitter.com/Eitx2OAJ1a
— twilio (@twilio) July 15, 2020
To generate their COVID-19 Digital Engagement Report, Twilio — with Lawless Research — surveyed 2,500+ enterprise decision-makers in the US, UK, Germany, Australia, France, Spain, Italy, Japan, and Singapore.
Further key insights include:
- 96% say COVID-19 accelerated digital communication transformation
- 92% say transforming digital communication is extremely or very critical to address COVID-19 business challenges
- Overall, many barriers to DX were broken. At the top of the list of barriers is ‘lack of clear strategy’ and ‘getting executive approval’ (both 37%), ‘reluctance to replace legacy software’ (35%), and ‘lack of time’ (34%). The average number of barriers broken among respondents is 2.7.
- 79% say COVID-19 increased their budget for digital transformation
- 95% expect their organization to find new ways of engaging customers as a result of COVID-19. 54% of respondents said COVID-19 propelled focus on omnichannel communications, while 53% added new channels.
- 1 in 3 companies started using live chat and IVR channels for the first time, with the average number of net-new channels implemented being 3.5.
Industry- and geography-specific effects
Of the industries that were most likely to accelerate DX efforts, technology, energy, and healthcare were at the top of the list.
— twilio (@twilio) July 22, 2020
When looking at the acceleration of DX, construction, and energy companies had their efforts sped up by an average of 8.1 and 7.2 years, respectively.
Finally, Twilio’s report shows that DX knows no borders. Companies in Japan, Germany, and Singapore have had their digital communications efforts accelerated by an average of 7.5, tied at 7.2, respectively. In the UK and France, 1 in 3 organizations say their DX budgets have ‘increased dramatically.’
Is your organization intelligent?
More than 83% of respondents to a survey by Wipro said their organization is an Intelligent Enterprise or on their way to being one.
A new study from Wipro shows that Artificial Intelligence (AI), Analytics, Machine Learning, Deep Learning, and Automation are crucial to creating enterprises of the future and that post-COVID, The Intelligent Enterprise will be resilient and able to better manage disruption.
With 300 respondents in the UK and US — across industry sectors including financial services, healthcare, technology, manufacturing, retail, and consumer goods — the State of Intelligent Enterprises survey revealed that while 80% of organizations recognize the importance of being intelligent, only 17% would classify their organizations as an Intelligent Enterprise.
In the introduction to the survey’s report, Wipro explains that “The Intelligent Enterprise is no longer a futuristic vision. It is a daily imperative.”
“New problems cannot be solved using old methods. The ability – or inability – to make productive decisions now directly depends on an organization’s ability to generate accurate, fast and actionable intelligence to set the correct course.”
One key technology that businesses consider critical is AI. 95% of respondents see AI as critical to Intelligent Enterprises, but only 17% have it deployed across the entire organization.
Additional key findings include:
- Whether they are already intelligent or working toward it, close to 88% of organizations face challenges.
- 91% of respondents feel there are data barriers to becoming an Intelligent Enterprise — the most important being data security.
- 74% of organizations think that investment in technology is the most likely enabler to become an Intelligent Enterprise. 42% of these consider reskilling the workforce as an enabler.
“Organisations now need new capabilities to navigate the current challenges,” says Jayant Prabhu, Vice President & Head of Data, Analytics & AI for Wipro Limited.
“The report amplifies the opportunity to gain a first-mover advantage to being Intelligent. The ability to take productive decisions depends on an organization’s ability to generate accurate, fast and actionable intelligence. Successful organisations are those that quickly adapt to the new technology landscape to transform into an Intelligent Enterprise.”
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