TECH SUPPLIER May 2020 - Market Perspective - Doc # EUR146278220
How COVID-19 Accelerates the Redefinition of Business Value: Leveraging the Power of Technology
By: Philip CarterChief Analyst, Europe, Margaret AdamAVP, European Services, Channels and Alliances Ecosystems, Duncan BrownVP of Enterprise Research Europe, Danielle HernandezResearch Analyst, European Digital Transformation Practice, Neil Ward-DuttonVP, AI and Intelligent Process Automation European Practices
This IDC Market Perspective discusses how business value is being redefined by technology amidst COVID-19. The new normal is about managing business in unprecedented times of uncertainty and volatility. The level of organizational agility required to deal with this environment is only possible with a business model that is underpinned by technology across all processes — both internal and external — but the focus will be on creating a new definition of business value.
"As COVID-19 raises profound questions about our lives, business, and society, the role of technology in the new era is top of mind for the C-suite," said Philip Carter, chief analyst, IDC Europe. "The journey to the Future Enterprise will be accelerated, with tech being a key enabler for remote everything, intelligent business processes, and external digital engagement. In addition, there will be a redefinition of business value — at financial, ecosystem, and societal levels — delivered by power of technology."