2021’s Fortune 500 list was published today. The tech-sector revenue (i.e. Square with its explosive Cash App payment service to fight the pandemic) grew $94 billion while 108 companies (i.e. energy, hotels, airlines and restaurants) on this year’s 500 list lost a combined $224 billion—the biggest loss since the Great Recession. 

This shows that the world became even more digital and new technologies suddenly broke through and achieved tremendous scale. There is also a widespread understanding that returning to a pre-pandemic approach to digital transformation won’t cut it.

A recent survey of more than 300 CEOs of big companies conducted found that 65% of them plan to spend more investing in transformation over the next three years than they did in the past three. And 68% say they’re planning a major investment in data technology.