Reflecting on the recent budgeting process, the specter of the pandemic loomed largely, adding yet another layer of uncertainty for executives to manage. A new approach to budget planning can be used to continuously evolve plans, no matter what happens in the year ahead.
Organizations can take a different approach to modeling to make more informed decisions, resulting in clearer prioritization, smarter decision making and achievement of key performance indicators.
Organizations that embrace a business-centered technology approach are proven to be more resilient and as a result, more competitive, which is especially important when in the midst of adversity.
The pandemic has accelerated digital transformation, according to recent studies of C-suite leaders. But leaders need to take a business-centered technology approach to ensure their faster transformation train doesn’t go off the rails, and instead delivers strong returns for the business.
Despite the detrimental economic effects of the pandemic, technology investment is holding steady and even increasing, according to recent studies of C-suite leaders on digital transformation.
In a new content series, Lexico looks at the trends pointing to the alignment of technology and business as being key to strong returns.
To prove the ROI of technology, leaders need to ask themselves three key questions to make the shift to a business-centered technology approach that will deliver a higher return on investment.
Lexico CEO Damani Short discusses the importance of IT-business alignment and collaboration in delivering business-centered technology solutions.