Why Digital Transformation Is a Work in Progress
Why Digital Transformation Is a Work in Progress
Global CEOs express doubts about their organization’s ability to move forward with needed digitization. They fear this could lead to a competitive disadvantage.
Distinguishing Factor
66% of the global CEOs surveyed strongly agree that a failure to embrace digital transformation will damage their organization’s ability to remain competitive within the next two years.
Spending Projection
Four out of five said their organization is likely to increase its investment in digitization over the next year.
Muddled Concept
Just 20% of the CEOs surveyed strongly agree that their organization has a clear understanding of what it means to be digitally transformed.
Lag Time
Only 11% strongly agree that their company is more advanced with respect to digitization than their peers and competitors.
Out of Focus
Just 17% strongly agree that their organization has adapted an enterprisewide strategy to maximize the impact of digitization.
Market Watch
Only 30% of the CEO’s surveyed strongly agree that digitization has had a detectable impact on their organization’s ability to generate revenue from new products or services.
Elusive OutputJust 37% strongly agree that digitization is making a detectable impact on their organization’s efficiency and productivity.
Talent Gap
Just 10% strongly agree that their leaders have the skills and knowledge needed to make their enterprise successful in a digitized world, and only 7% feel the same way about their employees.
Top Skills Sought by CEOs
Business and management: 67%,
Leadership: 51%,
Interpersonal: 45%,
Critical thinking: 42%,
Tech savvy: 18%