According to Research, organizations worldwide will invest US$1.78 trillion in the cloud and other "digital transformative" initiatives by 2022.
Is it possible for governments and companies to invest in transformation or "digital similarity"?
It is crucial to shift to the cloud. One or more digital "outsiders," who are cloud-centric, have already disrupted almost every industry in the private sector.
The cloud is a facilitator and liberator, which will bring organizations big rewards. Gartner describes the cloud as a "force multiplier", which is a scalable and resilient technology foundation that fosters long-term innovation.
Organizations are increasingly realizing that cloud technology frees technical staff from repetitive work and allows them to focus on creating unique, profitable Digital Products. Cloud is also a facilitator for data-driven business. It brings new AI (artificial intelligence) and machine learning (ML) enabled tools to those who understand the business and can make a difference.
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Your company will be evaluated through a sustainability lens. Many people are now evaluating the sustainability of companies when purchasing goods and services, or when assessing potential employers. Enterprises are also doing the same with their suppliers and partners, holding them--and themselves--accountable for adopting various sustainable initiatives including reducing carbon emissions.
Businesses will have to develop and implement a comprehensive sustainability plan by 2022. This will require more focused leadership in APAC. According to some reports, 92% of Fortune Global 200 companies in North America have appointed a sustainability leader at the VP, director, or other executive levels. Only 26% have done so in APAC.
Researchers states that sustainability efforts by many APAC companies are driven by investor pressure and compliance, and not strategic planning or risk management. This approach will not materially impact climate change nor fool customers or partners who are more environmentally aware.
Supply chain disruptions will be "never normal".
Supply chain planners are being forced to revaluate their priorities and how to apply the most recent supply chain management (SCM), technologies as the "never normal” becomes the new normal.
For example, while "just in time" inventory was pre-pandemic's best practice, "safety inventory" (or what is now known as "just in case" inventory management) is the new norm.
Even though supply chain technology can't predict the impact of market shocks like a pandemic, it can help companies balance their safety stock.
Companies will need to recognize and respond to shifts in buying behaviour from physical to digital and plan for "ripple effects" within their data centres, plants, and Extended Supply Chains to accommodate them.
As most of the businesses are controlled by Master and Meta Management and thought leaders' effective decision with Augmented Predictive Analytics, PiLog Systematic and Innovative Approach help organizations with Kaizen to Transformation