Many Fortune 500 companies - perhaps as many as 20 percent of them - may not survive this year, Forrester Research has predicted. As companies transition to a post-pandemic recovery, savvy CIOs understand that their organizations must continue to accelerate intelligent automation initiatives to thrive in the new digital-first era. Most are looking to remain digital-first even as the crisis dissipates. According to a recent Statista report, spending on the technologies and services that enable digital transformation worldwide is expected to amount to $2.3 trillion. How do CIOs maintain momentum and ensure they have a sustainable digital-first strategy in place to meet new customer expectations post-pandemic? The digital transformation journey starts with prioritizing where to focus and invest in order to build your digital-first landscape.

Raise your business to the next level with groundbreaking strategy and new technologies that help drive business value. Evolution in the digital technology landscape has caused massive disruption across multiple industries and has led to optimizing efficiencies, quick information sharing, and dynamizing of business processes. To be at the top in their domain, today's leaders are inclining towards the use of strategic disruptive technologies like highly-scalable micro-services, hyper-automation using AI/ML, and IoT; Digital Twin, rapid integration and cloud computing. Xavor's technology innovation leaders are helping companies ideate new business innovations through emerging technologies and devising the strategy you need to compete with digital disruptors. We are supporting the IT executives to identify where, and when, developing, and strategic technologies fit into the next digital-first business model.

Successful retailers are already modernising their work environments, extracting more value from their data, deepening their understanding of customers, innovating faster and migrating their operations to the cloud – all to become more competitive. While some retailers are focused on improving their existing operations processes, this is not enough. Real value creation and cost reduction comes when retailers reimagine the operations process entirely and take a digital-first strategy, rather than making incremental changes to existing models. This is where artificial intelligence (AI) has a crucial role to play. Cognizant's research indicates that the revenue impact of new technologies, including AI, is $634bn (£483bn) globally.