Why Transformation Is a Top Business Priority
Why 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 Years
Upgrading or replacing legacy systems: 88%, Integrating systems: 84%, Enhancing mobility: 82%
Top Benefit Drivers for Business Transformation Initiatives
Reduced cost: 66%, Improved business agility: 53%, Deepened customer relationships: 52%
Enhanced 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 Presence
76% are concerned that their company will lose market share if it doesn’t make business transformation a priority.
Consequential Inaction: Reputational Risk
75% fear that their company will lose credibility if it doesn’t make business transformation a priority.
Consequential 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 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 Slip
71% said they’re concerned about a loss of revenue if their organization doesn’t make business transformation a priority.
Uncontrolled Environment
69% said “untamed” business processes represent an issue which needs to be addressed over the next three years.
Split 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.
