In 2023 and beyond, CIOs and tech leaders are on a mission: to digitally transform enterprise applications. It’s the top priority, as revealed by Info-Tech’s CIO Priorities 2023 report. Business models need an overhaul, and that’s why C-Level executives are identifying key improvements for an integrated IT roadmap.
Unwrapping the Buzz: Navigating the Real Value of Digital Transformation
To unlock the true value of digital transformation, it’s crucial to set realistic expectations for what can be achieved, the timeline for realizing results, and the associated costs. Real transformation occurs at the business model level, driven by effective use of digital software and cloud technologies. Migrating to the cloud is just the beginning; meaningful value demands more. Many organizations have embarked on their digital transformation journey, but CEOs are now focused on accelerating tangible outcomes from these initiatives. Achieving change at the business model level involves careful selection and cost-effective implementation of enterprise applications for rapid results.
The Gartner CIO Agenda 2023 report reveals that 80% of CEOs are boosting digital technology investments to address economic challenges. CIOs are entrusted with executing digital IT strategy, but the report emphasizes that most ongoing digital initiatives are falling short of senior leadership’s expectations for digital dividends.
Revving Up Digital Transformation Investments for Triple Impact: Top-Line, Bottom-Line, and the Green Line
Digital transformation drives three key impacts: top-line (customer experience and revenue growth), bottom-line (operational excellence and cost-efficiency), and green-line (sustainability). The green-line encompasses environmental reporting, integration into core applications, and essential business goals. Companies not prioritizing sustainability risk falling behind in green-line valuations, impacting risk mitigation, consumer demands, ESG goals, product supply chains, and environmental insights. In today’s economic landscape, rapid benefits from digital initiatives are essential.
CEOs Crave Faster Returns: Mastering Enterprise Application Selection for Digital Transformation
Selecting and implementing enterprise applications, including cloud-native solutions, is a crucial yet complex task for business leaders. The abundance of software options can delay the realization of digital IT initiative benefits. Flexibility is key in ever-changing enterprise architectures. SAP is aiding businesses in accelerating digital transformation value through value prototyping, a ‘try before you buy’ approach.
Prototyping: Turbocharging Digital Transformation Triumph
Prototyping and piloting initiatives speed up adoption, ensuring fast time-to-value and better investment decisions. Value Prototyping offers rapid results across all SAP products, enhancing overall returns on transformative investments.
Unlock the Potential of Value Prototyping Today! Supercharge Your Digital Transformation Investments. Reach Out Now for Expert Assistance!
SAP is the market leader in enterprise application software, helping companies of all sizes and in all industries run at their best: 77% of the world’s transaction revenue touches an SAP system. Our machine learning, Internet of Things (IoT), and advanced analytics technologies help turn customers’ businesses into intelligent enterprises. Our end-to-end suite of applications and services enables our customers to operate profitably, adapt continuously, and make a difference.
