“As businesses begin to refocus and reformulate business strategies, ensuring alignment between technology and the business is going to be the key”
By MYBRANDBOOK
Avneesh Vats, Head (IT) - CESL
CIO priorities for 2022
The past two years have seen many changes within companies in terms of work model, strategies, and CIO agenda due to the global pandemic. Furthermore, IT teams have been shifting rapidly to address emerging demands, including remote work and virtual business to meet the operational needs of the organization.
As businesses begin to refocus and reformulate business strategies, ensuring alignment between technology and the business is going to be the key. Alignment is critical especially when technology is no longer just a supporting tool for business, but the way the business itself is conducted. Overall, CEO perspectives shifted significantly in 2022, impacted by the ongoing effects of the pandemic and more recently the Russian invasion of Ukraine. However, CEOs’ digital business ambition continues to rise, unabated by the pandemic and related crises.
Digitization - opportunities galore
Remote operation and automation are the key areas which can improve business value.
There are many repetitive tasks in the organisation which are time consuming and have a significant impact on the workforce. Automating redundant and cost in-efficient processes will not only help organisation evolving customer needs but also better position to affordably meet increasing business expectations.
IT: The Future of India
The swift advancement within the IT industry and liberalisation policies such as reducing trade barriers and eliminating import duties on technology products by the Government of India are instrumental in the evolution of this industry. Furthermore, various other government initiatives like setting up Software Technology Parks (STP), Export Oriented Units (EOU), Special Economic Zones (SEZ) and foreign direct investment (FDI) have helped this industry in attaining a leading position in the world IT industry.
It has steadily augmented and accelerated the growth of India and absorbs a large pool of Indian skilled human resources which makes the country a global IT hub. The industry has been instrumental in transforming the whole Indian economic and governance landscape and is gaining footsteps in new disruptive technologies as well as playing a leading role in the ongoing fourth industrial revolution globally.
As India’s digital economy expands, IT companies are establishing their centres in tier II and tier III cities which will further enhance the growth and reduce the existing disparities.
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