Tag: business strategy

The global economy is facing challenges on many fronts, with inflation and recession becoming the words of the day. As a result, budgets that are always tight (like IT) are under even more scrutiny than before. Any unnecessary spending needs to be curtailed, for obvious reasons, but does data management fall into this category?

As economic conditions keep getting tougher, consumers are paying more but have less to spend, which means that value is becoming more important than ever before. From a business perspective, whether it’s a website, an app or a business process redesign, extracting maximum value from all decisions is the aim of the game.

While digital transformation may seem like an overwhelming exercise for enterprises with a large investment in legacy infrastructure, the reality is that it has become imperative. The longer businesses delay, the further behind they will fall when it comes to their ability to innovate and be agile in the face of change.

For years we’ve been advised to fake it until we make in business when what we actually should be focusing is simply being our most authentic selves which, in the long run, is far more sustainable than false confidence and it will always reap rewards at the end of the day.

Historically, the term ‘war room’ described a space that was used to strategise, discuss tactics and map out plans during battle. The war room, as a concept, is said to have been officially introduced in the early 1900s (no doubt there were many unofficial iterations dating back much further), but it first gained prominence during the first and second world wars.

In today's rapidly evolving business world, the role of the CIO has become increasingly vital in driving organisational productivity. However, these executives are confronted with challenges such as outdated technology, insufficient infrastructure, and increasing technical debt. 

Over two years beyond the pandemic, the skills gap remains high, affecting productivity. Leaders now focus on leveraging the full potential of data, technology and people to speed transformation and growth. They've put it at the top of their agenda, and according to our research, it's the priority.

In the second part of this two-part series, I outline the skills that will be required by present-day HR professionals – for now and into the future. The future of work will place an extraordinary demand on HR professionals to lead their organisations strategically through this disruptive period.

In today’s corporate world, data is power, and for a business strategy to be worthwhile, it must be supported by substantial data. Moreover, without research, it will be difficult for organisations to identify areas of improvement.

Impacts vary, but in many cases, ransomware disrupts businesses for significant periods or even forces them to suspend operations or close. A growing population of highly capable cyber extortionists is developing a new means to counter defences and increase the level of disruption they can inflict constantly.