Organizations of all sizes are accelerating their digital transformation (DX) initiatives in response to the upheaval caused by the COVID-19 pandemic. Business leaders recognize that agile, flexible and digitized businesses have the resilience to respond to disruptive events. This is driving efforts to automate business processes, implement advanced technologies and adopt cloud services.

At least one positive thing has emerged from the COVID-19 pandemic: It has dispelled many longstanding doubts about the feasibility of remote work. In many cases, work-from-home models have increased productivity while reducing overhead costs and enhancing employee satisfaction. In a recent PwC survey, 83 percent of employers say the shift to remote work has been successful.

Regulatory compliance requirements are increasing across a broad range of industries. Between new regulations and changes to existing regulations, organizations are struggling just to keep up with the scope and depth of compliance. What was once a yearly review and assessment has become a daily effort to ensure that all processes and strategies meet the latest regulatory requirements.

People have been talking about “digital transformation” for several years but not doing a lot about it. That is until the COVID-19 pandemic hit, and businesses were forced to retool their business models virtually overnight. In a recent study by Software AG, 97 percent of IT professionals said they went through some kind of digital transformation (DX) project in 2020.