In today's technology-driven market, digital transformation is the only means for organizations to stay ahead of the competition, including both private organizations and government enterprises. Many organizations struggle to keep up with the increasing demands of consumers' needs, while many state governments are unable to meet public demands concerning safety, healthcare, and education. Digital transformation through cloud computing is the solution for this agile environment, providing enterprises with flexible, on-demand access to the resources to develop various digital offerings.
Some nations have started investing heavily in advanced technologies for digital transformation. But digital transformation projects aren't cheap, especially for smaller private organizations. By 2021, spending is predicted to surpass $2.1 trillion. Despite such hefty investment, 70% of digital transformation projects fail, mostly due to the challenges in managing the complexities of such large-scale and impactful projects.
The challenges faced by organizations undergoing digital transformation are diverse and complex. You need to constantly develop new business models to address a multitude of digital transformation challenges. Cloud computing allows you to do all these with ease. It allows you to modernize IT infrastructure, create comprehensive online security, enable cross-departmental collaboration, and focus on meeting the needs of your customers in the digital world now, and into the future.
Alibaba Cloud helps you embrace digital transformation through its Five Pillars of Digital Transformation, which provide the following benefits to your business:
The benefits of digital transformation are not limited to private organization. Digital technologies also connect government, economy, and society to enable a Smart Nation strategy. Smart Nations leverage advanced digital technologies to intelligently interconnect physical infrastructure, public services, industry verticals, and other relevant data sources to resolve various urban challenges. A Smart Nation strategy addresses five main areas to improve citizen's quality of life.
Alibaba Cloud empowers government, enterprises, and small and medium-sized businesses (SMBs) to solve urban challenges and facilitates the development of sustainable Smart Nations. Citizen well-being is at the core of a Smart Nation's technology-enabled ecosystem. Smart Nations create a sustainable, digital economy that provides growth opportunities for all, including the government, public and private enterprises, and SMBs.
Alibaba Cloud's City Brain intelligent solution is built with Big Data analytics capabilities to process and analyze comprehensive data streams aggregated from several sensors across a city. Smart Nations can leverage Alibaba Cloud's hyperconnected and intelligent infrastructure solutions to optimize urban operations, reduce city congestion, and enhance public welfare and safety.
While other digital transformative technologies can bring benefits to your business, it all starts with the cloud. It is the foundation on which the world's digital transformation projects build success and rise above the competition. About three-quarters of CFOs believe cloud computing will have the greatest impact on their business going forward, and 83% of workloads are forecasted to be hosted on the cloud by 2020.
We recommend businesses that are eager to try our extensive suite of products and services sign up for the Alibaba Cloud Smart Nation Support Program. In this program, you can receive up to $5000 USD worth in Alibaba Cloud credits to grow your business on our platform.
If you would like to learn more about how you can use Alibaba Cloud to drive digital transformation for your business, download our Digital Transformation Whitepaper. Or if you want to learn more about Alibaba Cloud's Smart Nation initiative, download the Smart Nations Whitepaper.
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