No two software acquisitions are ever the same. The industry matures, new technologies bloom, and an enterprise’s requirements and conditions continually evolve. A decade ago, the process of purchasing a new enterprise software solution was long and arduous. Implementation was complex and costs were often prohibitive. Training and onboarding employees was costly and time consuming. ROI was viewed as a long-term goal.
Don’t underestimate digital transformation
Digital transformation is huge. Monumental. Pervading every corner of companies. Businesses are pouring trillions of dollars into it. But … what is it?
In many ways, it sounds like one more business buzzword we can add to the list along with phrases like “growth hacking,” “ideation,” and “corporate synergy.” That’s because digital transformation is big and amorphous, and means different things to different companies. But its significance should not be underestimated.