Many of your competitors are answering yes to these questions . If you are not , that ’ s a challenging place to be .
For every answer , look to data
Unlocking and activating value from data has clear top-line benefits . By focusing on , setting up or enhancing a cloud-based data platform and equipping agile teams , CIOs can double , or even triple , development velocity in the short term .
Long-term success can be heavily influenced by the effectiveness of a company ’ s approach to data . However , optimising data is an elaborate task .
It includes developing approaches to data governance , redesigning processes as modular applications and tapping into the benefits of flexible , scalable , cloud-based technology .
By focusing on building an intelligent digital architecture on a modern cloud estate , businesses activate data value and reap the rewards .
By putting data at the centre of organisational evolution , businesses can gain clear insight across the business , make informed decisions and create business agility .
Business agility is critical
Business agility is achieved by rapidly adapting goods and services to meet customer demand . COVID-19 has forever transformed customer lives , particularly in the adoption of digital , resembling a ‘ decade in days ’ shift .
These behaviour changes have reshaped consumer decision journeys and companies need to adapt fast or risk losing to those who made the move to digital earlier .
BY FOCUSING ON , SETTING UP OR ENHANCING A CLOUD-BASED DATA PLATFORM AND EQUIPPING AGILE TEAMS , CIOS CAN DOUBLE , OR EVEN TRIPLE , DEVELOPMENT VELOCITY IN THE SHORT TERM .