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Flexera, 2021
Today's businesses must adapt to rapidly changing market conditions, manage and
derive insights from massive volumes of data, and meet the rising demands of today's
always-on customers. In short, they must modernize—rethinking processes and
leveraging technology to seize opportunities earlier, achieve maximum value from their
investments, and innovate faster than ever before.
The impacts of the COVID-19 pandemic further drive these changes. Businesses
across all industries must now move even faster to embrace new work styles and drive
down costs. Recent research suggests that more than 90 percent of enterprises are
accelerating cloud adoption plans because of COVID-19.
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Many organizations are instituting digital transformation initiatives in response to these
growing pressures. By embracing new ways of building applications and services, these
organizations can connect previously siloed data, streamline processes, and accelerate
innovation in ways that delight their customers.
Digital transformation promises substantial rewards, with leading companies achieving
critical business advantages such as higher productivity, faster time to market, and a
stronger bottom line.
Reaching these rewards can prove challenging, however. Digital transformation
represents a massive undertaking involving far-reaching changes to technology,
processes, and culture. Breaking the process down into distinct phases can help prevent
organizations from losing their way.
Becoming a modern business
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