Wind River issued new research investigating how technology executives – specifically, C-suite leaders and senior executives in areas such as IoT, DevOps, security, and embedded development – from both the U.S. and China are realigning their focus during the COVID-19 pandemic. Their insights are embodied in the Wind River commissioned report titled “COVID-19 and Corporate Strategies in the U.S. and China: A Seismic Event Demanding Change and Action from Top Executives.”
Seismic events can disrupt our focus and thinking and force reassessment of drivers of future business success. The current COVID-19 pandemic is one of those major events producing a worldwide impact, especially given its reverberations on the two largest global economies, the U.S. and China.
“Prior to the pandemic, the vast majority of corporations were looking toward advancing their digital transformation. However, we’ve entered a different landscape that is triggering leaders in DevOps and IoT development to make profound decisions about the speed and nature of their technology investments,” says Kevin Dallas, president and CEO, Wind River. “As we’ve seen from our study, in this COVID-19–shocked world, those most optimistic about the future of their business and the direction of their technology and development investments are the enterprises viewing this as a time to accelerate and even change the nature of that transformation.”
Looking inside the minds of technology executives in major sectors such as telecommunications, healthcare, automotive, aerospace, and manufacturing/industrial provides a view into how leaders are redirecting their focus and accelerating or delaying investments. The report surveyed 400 senior-level technology executives from the U.S. and China at enterprises with revenues ranging from $100 million to $1 billion.
With COVID-19–related challenges creating new pressures, enterprises are rapidly falling into the categories of simply surviving, pivoting to adapt to new realities, or doing nothing. While the U.S. and China are in different phases of the pandemic, in several aspects the responses from each country split in similar ways. More than 1 in 3 executives – 39% of U.S. and 43% of Chinese leaders – are focusing on surviving this crisis, while 35% in the U.S. and 33% in China are spurred to make a transformation due to COVID-19.
To tackle these challenges, there is a clear recognition among leaders that they will require transformative focus and skills. Therefore, in order to successfully lead a digital transformation, C-suite leaders and executives in DevOps/DevSecOps and IoT anticipate increased importance in their roles (ranging from 60%+ in the U.S. to 73%+ in China) as their businesses exit COVID-19.
As the world grapples with the disruption caused by COVID-19 and enterprises begin to understand major gaps and the resources required to deliver on customer needs, they must identify the right strategies and experts to help them accelerate a digital transformation and realize long-term success beyond the pandemic.