Connect with us
Prague Gaming & TECH Summit 2025 (25-26 March)

Blockchain

Forrester: CIOs Must Build And Invest In Adaptiveness To Tackle Post-Pandemic Challenges

Published

on

 

The pressures of the ongoing trade situation and disruption from the COVID-19 lockdown have generated a level of volatility that creates both risk and extraordinary opportunity. According to Forrester (Nasdaq: FORR), adaptive enterprises — those able to quickly sense and respond to different external forces — will be the ones to succeed. To help technology leaders reconfigure their businesses and survive these challenging times, Forrester released The CIO’s Guide To Building An Adaptive Enterprise.

According to the guide, the global pandemic is symptomatic of the connectedness of today’s world and the pace at which things spread and change in it. Companies, supply chains, and ecosystems are inextricably connected, and any changes in customer needs, technology, and business trends in one corner of the global ecosystem will ripple across the globe. On one hand, China plays a key role in the global supply chain; on the other, the global ecosystem is also critical to China’s business growth as it is reliant on foreign offerings in key technology areas like chipsets, robot sensors, and industrial design software.

The way forward is to be adaptive and build a firm’s ability to reconfigure its underlying business concepts. The resulting adaptiveness can help customer-obsessed firms win in future markets. Firms must invest in changes through three primary pillars:

1.    Start with market adaptiveness. Firms need to be able to go fast when necessary, but they also need the ability to adapt to changing customer, market, or technology conditions. To achieve this, organizations need to collect and analyze real-time data about their customers and operations to be able to under and adapt to the needs of the market. CIOs must also work with other business leaders to accelerate their internal innovation processes and launch new services that leverage broader ecosystems.

Advertisement

2.    Invest in emerging and platform technologies. Capitalizing on new technologies — and driving technology-driven innovation through experimentation — should be a strategic priority for CIOs. Emerging technologies like cloud, AI, 5G, Industrial Internet and blockchain are key areas to focus on. Companies should also build technology platforms that leverage digital ecosystems and enable end-to-end agility.

3.    The future of work: Improve organizational adaptiveness. Without this third pillar, the first two initiatives will not be sufficient in the fight for market dominance. Implement enterprise collaboration platforms that enable workforce cooperation while also leveraging automation to simplify manual processes. Finally, firms should also revisit employee sourcing and motivation strategies to maintain productivity.

“While the Chinese economy looks to be on the path to recovery, we must be prepared for future crises. “Black swan” incidents like the COVID-19 pandemic are likely to continue to emerge, and the global economy will become increasingly unpredictable,” said Danny Mu, principal analyst at Forrester. “In such dynamic business environments, CIOs and other business leaders in China must build and invest in adaptiveness now, before it’s too late.”

Resources

Blockchain

Automotive Finance Strategic Business Report 2024: Global Market to Reach $517.9 Billion by 2030, Fueled by Increasing Preference for Flexible Finance Options, Including Leasing & Subscription Models

Published

on

automotive-finance-strategic-business-report-2024:-global-market-to-reach-$517.9-billion-by-2030,-fueled-by-increasing-preference-for-flexible-finance-options,-including-leasing-&-subscription-models

Automotive Finance Market

Continue Reading

Blockchain

Co-branded Credit Card Market Trends and Industry Forecast, 2025-2030 – Untapped Sectors like E-Sports and Decentralized Platforms in the Crypto Space Present Business Opportunities

Published

on

co-branded-credit-card-market-trends-and-industry-forecast,-2025-2030-–-untapped-sectors-like-e-sports-and-decentralized-platforms-in-the-crypto-space-present-business-opportunities

Co-branded Credit Card Market

Continue Reading

Blockchain

BKOK: Revolutionizing Crypto Investments with a Secure and Sustainable Model

Published

on

bkok:-revolutionizing-crypto-investments-with-a-secure-and-sustainable-model
Continue Reading
Advertisement
 title=
Advertisement

Latest News

Recent Listings

  • Global Payout, Inc.

    Since the Company’s inception in 2009, Global Payout, Inc. has been a leading provider of compreh...

  • MTrac Tech Corp.

    MTrac Tech Corporation, a Nevada Corporation, is a privately held, wholly owned subsidiary of Glo...

  • Net1

    Net1 is a leading provider of transaction processing services, financial inclusion products ...

  • uBUCK Technologies SEZC

    Based in Georgetown, Cayman Islands, uBUCK Tech is a fintech enterprise that specializes in digit...

  • LiteLink Technologies Inc.

      LiteLink is a major player in developing world-class enterprise platforms that utilize ar...

  • Good Gamer Corp.

      Good Gamer Corp. is a privately-held technology company focusing on gamers and streamers....

  • BitPay

      Founded in 2011, BitPay pioneered blockchain payment processing with the mission of trans...

  • About Net1

      Net1 is a leading provider of transaction processing services, financial inclusion produc...

  • Blockchain Foundry Inc.

    Headquartered in Toronto, Canada, Blockchain Foundry (CSE:BCFN)(FWB:8BF)(OTC:BLFDF) is a global b...

  • Sixgill

    Sixgill provides a full suite of universal data automation and authenticity products and services...

Trending on TBE