How can enterprises stay resilient in a rolling recession? How do leaders look past economic slowdown to continue aggressive growth?
Infosys Confluence had Patrick Lee, SVP, Growth Platforms, Capital Group and Paul Kilroy, CIO, Old National Bank answer these questions as they discussed overarching digital resilience for any enterprise to make way for growth. The session was moderated by Dennis Gadda, EVP & Global Head - Banking & Financial Services at Infosys.
Key Takeaways
Moving Digital from the Backburner to Now
We have come far from a digital future to a digital now. While the economic slowdown has organizations looking for their survival in digital, they are also looking ahead to a digital ecosystem transformation on an average of two years down the line.
A Road Not Taken to Growth
Investing in a new business line during a bear market might seem like a bad idea. However, organizations need to look long term: a bear market lasts 12 months on average, but a bull market lasts 67 months. Leaders always position themselves for the markets in the future.
Stripping Down Core Complexities
Accruing core complexities from evolving products and new regulations is common for any organization. How can we simplify and continue ahead? Transparent partnerships and surprisingly, continuing to invest in the core while keeping the same competitive edge.
Checking Off the Digital Basics
While digital transformation may seem like a complex undertaking, it starts with the basics. Timely deployment of data centers, and asset management are essential on that initial digital checklist and they continue to serve as a foundation for all growth ahead.
It's time to be opportunistic and optimistic, recognizing that there will be a pivot soon, and the best companies are really the ones that take the time to position for that uptick in the future.
