Why Companies Can’t Keep Up With Digital Changes
Why Companies Can’t Keep Up With Digital Changes
While IT and business executives value digital opportunities, many feel as if they’re falling behind and want more support from all levels of the enterprise.
Shrinking Confidence
52% of the business and technology executives surveyed rated their organization’s digital IQ as strong, but that’s down from 67% in 2015.
Spotty Results
Only 52% said their digital projects are delivered within scope and on time, with 76% claiming that a lack of organizational support presents the greatest barrier.
Scouting Crew
80% of the executives surveyed said that the identification of opportunities to digitize their enterprise is a critical part of their innovation process.
Top Benefits of Digital Initiatives
Revenue growth: 73%,
Increased profits: 47%,
Reduced costs: 40%
Come Together
74% of executives from top-performer companies and 65% of respondents from other enterprises said their organization supports digital projects with cross-functional teams of business, tech and user experience specialists.
Dedicated Effort
59% of executives from top performers and only 42% of respondents from other companies said their organization has dedicated innovation teams.
Nimble Thinking
22% of executives from top performers but just 7% of respondents from other companies said they use agile methodologies for the majority of their non-software projects.
Obstacles to Achieving Digital Tech Goals
Lack of collaboration between IT and business: 64%,
Inflexible or slow processes: 58%,
Can’t integrate new and existing tech and data: 41%,
Outdated technology: 38%,
Lack of properly skilled teams: 37%
Top Categories of Tech Investment
Internet of things (IoT): 73%,
Artificial intelligence: 54%,
Robotics: 15%,
3D printing: 12%,
Augmented reality: 10%
Contrasting Concepts
32% of the business and technology executives surveyed said digital “refers to all technology innovation-related activities,” while 29% said digital is simply “synonymous with IT.”
