Digital Transformation Press Release

Companies Lack Time and Resources to Pursue Digital Transformation

Many are willing, some are ready, but few are successful.

In a recent study, Natuvion documented the experience of companies that have already completed their technical transformation. The alarming result: 50 percent of those surveyed admitted not having achieved all of their transformation goals. Half of those companies belong to core industry sectors: automotive, life science, and energy. In order to improve this situation, 2023 transformation projects must increase their efforts for planning, preparation, and implementation. The number of transformation projects will continue to rise sharply in the coming years while the demand in the market for IT professionals has outpaced the supply. The majority of transformation consultants are fully booked for the entire next year.

Due to government and political intervention, some sectors in particular will be urged to innovate and transform in 2023. Energy suppliers are confronted with a dynamic environment with disrupting regulations introduced on short-term. Examples are ad-hoc measurements to decelerate gas prices as well as a cap on energy prices which force transformation projects into switching gears to manage corresponding system changes and adjustments. Additionally, unexpected and serious changes jeopardize running transformation projects, turn these upside down, put them on hold, or even may call them off.

The evolution of the global economy does not allow companies to count on a sufficient time window to transition comfortably or being able to even permit putting business on hold. Today’s business runs 24/7 with very little to no time at all for system changes. That is why near-zero downtime migration concepts are in high demand enabling the modernization of an entire platform during normal business operations.

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