Digital transformation has been a buzzword since the mid-2000s. It was primarily lip service. A concept that was included in future roadmaps—but not next year's budgets. The 2020 pandemic rocked the world and changed everything. There's now no such thing as "business as usual." Many businesses are taking a hard look at where they now stand, how they got there, and where they want to focus next. As part of this introspection, companies are realizing technology truly is crucial and imperative for their business success. As such, I see three reasons to revisit your current technology framework—to become more agile, to use technology strategically, and to achieve a more flexible cost structure.
1. Agility Wins
I, like many other executives, took stock of 2020. What became clear is the most successful companies had adopted digitalization prior to 2020. First-moving organizations saw the value of implementing new technology that can "move with the business." As a result, they coped better with 2020 than those that didn't. These early adopters were flexible—able to acknowledge and accept reality as it was. And they quickly adapted to address these new challenges:
Technology enabled these quick pivots. These companies not only survived—they're thriving. Others have leveraged similar technology-based pivots to create entirely new value propositions.
I've seen study after study showing that organizations are now prioritizing and accelerating their digital transformation initiatives. According to McKinsey & Company's 2020 Global Survey of executives, "companies have accelerated the digitization of their customer and supply-chain interactions and of their internal operations by three to four years." 
2. Strategic Technology Architecture Determines Success
Our years of experience in ERP have made it clear that core systems can either accelerate business performance—or significantly limit it. New research confirms it. In its Technology Vision 2021 report, Accenture surveyed business and IT executives from 31 countries and 14 industries. It found that technology is crucial to mastering change. From the report:
Five years ago, we at Nextworld anticipated the importance of no-code technology architecture for enabling business success and we think it's essential going forward. For years, we've seen enterprises trying to address customer needs with rigid tools and processes. In most cases, fixing these problems requires immense IT effort, and IT teams are already stretched to capacity. We knew that by separating business applications from the underlying technology, we could offer the flexibility needed to address sudden market shifts that alter your competitive landscape.
Accenture calls this "Bring Your Own Environment." Low-code and no-code platforms and applications allow employees to optimize their processes or fix problems on the fly, without needing advanced technical skills or compromising IT governance. Nextworld redefines ERP by building it on a no-code platform. Our customers can easily add capabilities and adapt processes. They can do it without introducing compatibility, security, or integration problems. They don't need ongoing professional services engagements just to stay current. Instead, they decide what's best for their businesses and change course when necessary.
3. Cost Structure Aligned to Strategic Needs
Traditional and legacy technology ties up money. ERP systems alone typically cost millions of dollars in maintenance, support, monolithic licensing structures, and consulting services just to maintain the status quo. Deloitte notes that only 19% of a company's IT budget goes to innovation– the lion's share of the budget goes to keeping the lights on. Does that sound like a good idea to you? Given a choice, what company would agree to that? 
Cloud and SaaS models have already slashed the costs of legacy systems for many companies. No-code platforms deliver dramatic cost savings too. But no-code platforms offer much more than just cost savings.
These modern, no-code platforms can inspire and make it easy for all of an organization’s people to innovate.
Let's Discuss How You Can Thrive in 2021 and Beyond
Evolving and updating your technology architecture now can increase innovation, adaptability, and ultimately revenue while providing needed cost savings. Nextworld redefined ERP on a no-code enterprise application platform – making it a strategic asset in modern technology architectures. Our platform frees customers from costly ERP maintenance, disruptive updates, and talent concerns to drive your ability to better compete in a fast-changing market. We're helping customers leapfrog generations of legacy technology to bring their vision of the future to reality. I look forward to your comments.
Founder & CEO of Nextworld
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