‘Tactical’ Digital Transformation ‘Vital’ Post-COVID-19, Says GlobalData
History shows companies that invest to “tech-enable” their operations during a recession “tend to become more resilient to future shocks,” so delaying digital transformation projects during the pandemic would be a critical “mistake,” reported GlobalData Thursday. It cited Intel’s decision…
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to continue investing in R&D during the 2008 recession, concluding that the strategy “put it several years ahead of competitors.” But enterprises have taken a “conservative approach” toward IT spending in 2020, though remote work should have prompted organizations to speed digital transformations, it said. “Targeted, tactical digital transformation will be vital for companies to survive in the new world,” said GlobalData.