Why Transformation Is a Top Business Priority

Why Transformation Is a Top Business Priority

Why Transformation Is a Top Business PriorityWhy Transformation Is a Top Business Priority

Transformations bring together IT and the business to plot a strategic course that is expected to make companies more agile and mobile-centric.

Top Priorities for Business Transformation for the Next Three YearsTop Priorities for Business Transformation for the Next Three Years

Upgrading or replacing legacy systems: 88%, Integrating systems: 84%, Enhancing mobility: 82%

Top Benefit Drivers for Business Transformation InitiativesTop Benefit Drivers for Business Transformation Initiatives

Reduced cost: 66%, Improved business agility: 53%, Deepened customer relationships: 52%

Enhanced EdgeEnhanced Edge

43% of survey respondents said business transformation will enable their company to generate more incremental revenue, and 36% said it will result in the delivery of new products or services. One-third said it will help their company maintain a competitive advantage.

Consequential Inaction: Plummeting PresenceConsequential Inaction: Plummeting Presence

76% are concerned that their company will lose market share if it doesn’t make business transformation a priority.

Consequential Inaction: Reputational RiskConsequential Inaction: Reputational Risk

75% fear that their company will lose credibility if it doesn’t make business transformation a priority.

Consequential Inaction: Customer ChurnConsequential Inaction: Customer Churn

74% said their organization is in danger of losing customers if it doesn’t make business transformation a priority.

Consequential Inaction: Inadequate WorkflowConsequential Inaction: Inadequate Workflow

72% said there’s a risk of an employee productivity decline if their company doesn’t make business transformation a priority.

Consequential Inaction: Sales SlipConsequential Inaction: Sales Slip

71% said they’re concerned about a loss of revenue if their organization doesn’t make business transformation a priority.

Uncontrolled EnvironmentUncontrolled Environment

69% said “untamed” business processes represent an issue which needs to be addressed over the next three years.

Split DecisionSplit Decision

50% of executives rate mobility as a top priority, but just 26% of workers do. Meanwhile, seven out of 10 execs said modernization is a top priority, but only 22% of traditional IT staff agree.

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.

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