Digital Transformation Is Becoming Increasingly Important But Consumers Claim Businesses Lack Deep Understanding of Client Needs

It’s becoming important for businesses to undergo digital transformation, with 54% of global consumers saying that brands lack a deep understanding of customers.

The new generation of shoppers, especially Gen Z and millennial consumers, reportedly “want 70% of their interactions with brands to be digital.”

With Gen Z alone projected “to possess $2.43 trillion of economic influence by 2026, aligning with their digital preferences is crucial for businesses aiming to adapt to the digital-driven world and enhance customer engagement and loyalty.”

However, while there are 87% of business leaders who “believe digital disruption is a priority, only 44% feel adequately prepared for it.”

$2.3 trillion has been “lost globally on unsuccessful digital transformations to date.”

With 95% of digital transformation efforts “failing, substantial effort from both businesses and technology providers is essential.”

37% of IT professionals “blame CEOs and boards of directors for hindering a company’s digital transformation project.”

Kerem Koca, CEO of BlueCloud said:

“Some enterprises are discovering too late that they need to transition from outdated business models to agile, tech-driven approaches focused on cloud technologies and AI for successful digital transformation.”

For digital transformation, organizations must “prioritize investing in scalable data infrastructure, including cloud and AI capabilities, and cultivating a skilled workforce in these areas.”

Most businesses aim to “allocate 80% of their IT budget to cloud services.”

Cloud adoption has the potential “to unlock $1 trillion in business value. However, many organizations are missing out on this due to inefficiencies in managing cloud migrations, which lead to unexpected costs and delays.”

About $100 billion is predicted “to be wasted on data migration spending, and many enterprises see migration costs as a major obstacle to adopting the cloud.”

Koca states that cloud migration is critically important because “scalable cloud-centric business models” offer significant advantages over traditional models, “leveraging flexible, on-demand computing resources to quickly respond to market changes and meet customer demands.”

As noted in the update, BlueCloud claims that it is “not just another entity in the cloud computing space; it stands as a trailblazer in the digital transformation revolution.”

Positioned as architects of the future, BlueCloud says it leads the way for enterprises “seeking to thrive in the digital age with its bold vision and unwavering commitment to innovation.”

The company’s comprehensive portfolio, “encompassing avant-garde AI services, data engineering solutions, and transformative digital strategies, has propelled businesses into a new era, resulting in a staggering 185% year-over-year revenue growth and securing a valuation surpassing $100 million, thanks to its partnership with Hudson Hill Capital.”

By serving various industries and forging collaborations with technology provides like Snowflake and ThoughtSpot, BlueCloud has demonstrated its expertise in “navigating the intricacies of the digital domain.”

More than merely transforming businesses, BlueCloud is on a mission to “reshape the digital landscape itself, one innovative cloud solution at a time.”

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