Closing the Cloud ROI Gap Through HXM Thursday, December 2, 2021

The Buzz 1: “Great companies are like beautiful clocks; they’ve got a lot of moving parts that all have to work together in order for the whole to be successful.” (Donna Peeples, CEO of Motivated, Inc.) The Buzz 2: “Cloud is rapidly becoming a business imperative, and there’s the danger of a “digital divide” emerging between organizations that understand the power of cloud and how it affects talent across the organization — and those that do not…CHROs may also need to develop an upskilling for cloud strategy to help their existing workforce.” (www.pwc.com) The numbers are indisputable. A PwC survey of 524 US executives and business leaders in May 2021 found a 92% cloud adoption rate. But just 53 percent are seeing significant value from their cloud investments. What’s holding executives back from maximizing their cloud ROI investment? When optimizing business processes, it is key to realize the importance of the human factor in the outcome and success of business transformation. 79% of the surveyed CEOs are concerned about availability of key skills among their employees. And while the CIOs are looking at the overall investment in technology and quick implementation of digital transformation, 68% of the CFOs are reporting that crisis-driven transitions to remote work will boost long-term efficiency and lead to cost reductions. The answer to the ROI question may fall to the CHRO. Connecting the technology to your people and process is instrumental in a truly intelligent enterprise. We’ll ask John McCormick at PwC, and Nick Holmes and Mohamed Yusuf at SAP for their take on the vital issue of rapid cloud adoption and the role of HXM, on Closing the Cloud ROI Gap Through HXM.