The 6 key priorities of Enterprise digital transformation

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Digital Transformation is no longer a buzzword but an integral part of every company’s strategy. It has the potential to drive profound business and organizational outcomes that accelerate its impact in a strategic way. Digital transformation revolves around the adoption and integration of disruptive datadriven modern technologies into business that fundamentally changes how business is done and how value

is

delivered

to

customers.

Digital transformation enables enterprises to remain competitive in the face of disruptions from peer companies, technology giants as well as start-ups. Enterprises that have been successful so far have increasingly focused on breaking down their digital transformation initiatives into executable components to achieve speed and scale. The following are 6 such components that are getting prioritized: 1. Deep Focus on Digital Engineering The last 2 years have seen an unprecedented rise in Digital Engineering spend from both traditional enterprises as well as Digital Natives. Digital Engineering is defined as investments in modern digital technologies in building newer products or services or enhancing existing product development processes. The top 1000 companies that spend staggering amounts on Engineering Research & Development (ER&D) are spending close to USD 300Bn on Digital Engineering, and is expected to be more than double in the next 4 years. Digital is increasingly defining the new core of companies, irrespective of industry vertical. Every large global organization is increasingly transitioning to an engineering organization, with digitalization driving its next wave of growth. As a result of the increased digital engineering spend, enterprises are


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