Patients and visitors in Huzhou Central Hospital: Lenovo worked with the facility, which houses 1,500 beds and has an outpatient capacity of 6,000, to build a digital solution to improve the speed and accuracy of diagnoses of chronic diseases. Source: Perkins&Will.
Organizations are partnering with tech providers to build end-to-end solutions, encompassing strategic planning, systems implementation, and iterative tuning for long-term business growth. Digital transformation has become more than a mantra for organizations that want to stay competitive in today’s ever-shifting global business landscape.
Digital technologies, including artificial intelligence (AI) and robotics, are increasingly embedded in key areas of businesses to improve processes, satisfy fluctuating consumer demands, and boost operational resilience in times of uncertainty.
“Technology has become the nervous system of the enterprise—connecting corporate strategy, finance, innovation, operations, and HR to ensure that all parts of the business are in alignment,” says Ken Wong, president of Lenovo’s Solutions & Services Group (SSG).Technologies such as cloud computing, AI, machine learning, internet of things (IoT), and edge computing—once housed in on-premises environments—are becoming critical as data mobility and portability have increased.
According to IDC, global spending on digital transformation is forecast to grow 16.3% annually for the next five years, reaching $3.4 trillion in 2026. Not all that investment, however, will be fruitful. A Boston Consulting Group (BCG) study has found that only one-third of digital transformations are successful.The complexities of change.
Digital transformation involves multiple stakeholders and relies heavily on integration across business units. As the technology architecture for digital solutions becomes increasingly complex and costly, poorly managed digital transformation can lead to system vulnerabilities, data silos, and other costly IT headaches.
Against this backdrop, digital transformation as a service (DTaaS) has emerged as a solutions-led approach to help organizations adapt to a fluctuating business environment. It combines multiple technology solutions—from cloud computing to AI—on a single platform for continuous end-to-end transformation.
“Digital transformation as a service helps rebuild an organization from the ground up to make it more efficient and more flexible, empowering it with the agility to respond to new market opportunities faster at scale,” says Wong. “Because IT complexity is growing, many businesses are opting for technology consumption models that revolve around services.
Echoing the B2C market, which offers a variety of subscription services, enterprises can now turn to services ecosystems that make it easier to manage IT and optimize buying, deploying, managing, and scaling infrastructure without incremental capital expenditures…..
Source: Digital transformation as a service is poised to drive enterprise growth | MIT Technology Review
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