Why Companies Can’t Keep Up With Digital Changes

Why Companies Can’t Keep Up With Digital Changes

Why Companies Can't Keep Up With Digital ChangesWhy 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 ConfidenceShrinking 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 ResultsSpotty 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 CrewScouting 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 InitiativesTop Benefits of Digital Initiatives

Revenue growth: 73%,
Increased profits: 47%,
Reduced costs: 40%

Come TogetherCome 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 EffortDedicated Effort

59% of executives from top performers and only 42% of respondents from other companies said their organization has dedicated innovation teams.

Nimble ThinkingNimble 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 GoalsObstacles 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Outdated technology: 38%,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 InvestmentTop Categories of Tech Investment

Internet of things (IoT): 73%,
Artificial intelligence: 54%,
Robotics: 15%,
3D printing: 12%,
Augmented reality: 10%

Contrasting ConceptsContrasting 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.”

Dennis McCafferty
Dennis McCafferty
Dennis McCafferty is a contributor to CIO Insight. He covers topics such as IT leadership, IT strategy, collaboration, and IT for businesses.

Get the Free Newsletter!

Subscribe to Daily Tech Insider for top news, trends, and analysis.

Latest Articles