Digital platforms, processes and applications are rewriting the playbook for companies and organizations across industries. According to a recent Gartner survey, 72% of IT respondents believe that digital business has accelerated the pace of business and technological change, with spending on digital tools and techniques averaging more than 11% of the organization’s annual revenue.
In this high-stakes environment, speed is critical. At the same time, companies must justify the underlying business need that digital addresses. Without a comprehensive analysis, the legacy platforms, enterprise applications and business processes that support an enterprise can be compromised. During the initial stages of the move to digital, complexities and turnaround times can increase and weaken the links that connect people and systems back-to-front.
Furthermore, cloud-inspired objectives can sometimes increase costs and organizational uncertainty. Therefore, project managers must define functional requirements, commit to staying on schedule (and budget), and set realistic expectations for the business, its partners and its customers.