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Technology inseparable from an enterprise

Banking Frontiers

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June 2021

Enterprises of the future will be highly technology-oriented with leaders more tech-savvy than ever:

Technology inseparable from an enterprise

The world is hungry for a new kind of leadership and this becomes evident with more companies than ever embracing the axiom that every business is a technology business, and they have ignited a new era of exponential transformation as technology continuously reshapes industries and the human experience. This is the broad finding in a research paper on Technology Vision 2021 titled ‘Leaders Wanted - Masters of Change at the Moment of Truth’ by global consultancy firm Accenture. And Accenture says “Now, as we begin shaping our postpandemic reality, companies must learn to master change.”

Stating that enterprises across industries have accelerated their digital transformations all at once, it is technology that has come to change the world, the report asserts that the era of the fast follower is effectively over and perpetual change is here to stay. “And leaders must not only embrace it, but catalyze it,” the study adds.

CLOUD IS SUPREME

The report found that 82% of IT executives reported ramping up their use of cloud technologies in direct response to the crisis, and 66% of the respondents reported that they will continue to grow their use of cloud for the foreseeable future.

On the other hand, 95% of companies said they are seeking new ways of engaging customers as a result of covid. “From food delivery platforms that kept restaurants connected to customers to the rise of telehealth services and e-commerce, the pandemic opened enterprises’ eyes to a new reality. Cloud is now at the core of the company, not just the periphery, and technology is no longer just one vehicle for success - it’s the vehicle all possible success depends on,” it adds.

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