Digital Transformation Investments Rise Along with Business Building Initiatives as Leaders Explore Ways to Improve Cloud Resilience

Worldwide Digital Transformation Spending Forecast to Continue Its Double-Digit Growth Trajectory, According to IDC Spending Guide

Digital transformation (DX) remains a global priority as organizations seek to become digital businesses where value creation is based on the use of technologies for processes, products, services, and experiences. To achieve that objective, worldwide DX spending is forecast to reach nearly $3.9 trillion in 2027 with a five-year compound annual growth rate (CAGR) of 16.1%, according to the 国际数据公司 Worldwide Digital Transformation Spending Guide.

"Digital Transformation has taken center stage across enterprises in the Asia/Pacific region as the focus continues to rapidly shift from traditional business models. Customer Experience, Innovation, and Efficiency are leading to business models that are boosting both productivity and profitability for businesses. With a young and growing population that is more tech savvy than older generations, rapid infrastructure developments towards urbanization are diving the demand for digital offerings both in products and services. Integration of multiple 3rd Platform technologies such as Cloud Computing and Artificial Intelligence coupled with a need to cater to real time customer experience will continue to push investments further across industries with specific use cases as priorities in the Asia/Pacific market," said Mario Allen Clement , associate research manager for the Asia/Pacific IT Spending Team. Read on here .

Companies Are Investing Heavily in Business Building, Placing A Quarter of Annual Revenue into High-Growth Opportunities — BCG Reports

Business building, which consists of inventing, launching, and scaling new business lines, units, and services, or accelerating the growth of existing enterprises, is one of the most successful ways to accelerate growth. But only half (52%) of leaders said their companies are well prepared to pursue new high-growth opportunities, according to a new study by 波士顿谘询公司 released today.

The report, How Companies Can Speed Up the Business of Business Building, features findings from a survey of 1,051 senior leaders in 17 countries about their business-building efforts. Of the executives surveyed, 73% said that business building is a major priority for them, and their companies have pursued, on average, five new high-growth opportunities each year since 2021. Approximately 27% of these companies’ annual revenue is typically invested in launching, acquiring, or co-launching startup ventures.

“After two decades of building up their digital capabilities, companies are poised to harness these strategic assets for the launch of new ventures and an expedited growth trajectory,” said Beth Viner er, global head of venture and builds for BCG X and a coauthor of the study. “2023 has undoubtedly been fiscally difficult for many companies but some of the most powerful businesses were launched under tough circumstances. Leaders should feel confident about business building if they adhere to a playbook based on proven results.” Read on here .

9 Principles to Improve Cloud Resilience — Gartner Reports

Gartner analysts discussed how to embrace and limit the impact of cloud provider failures at the Gartner IT Infrastructure, Operations & Cloud Strategies Conference.

The I&O team needs to understand the characteristics and common causes of cloud outages. They include that most failures are partial, they tend to be intermittent or involve performance degradation where they are less immediately noticeable, and resilience differences exist between the services cloud providers offer.

“Resilience is not a binary state,” said Chris Saunderson . “No one can claim absolute resilience — not you, and not any cloud provider. Clouds should be as or even more resilient than on-premises infrastructure, but only if the I&O team uses them in a resilient manner.”

Check out the nine cloud-resilience principles discussed at the conference: Read on here .

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