Why Transformation Is a Top Business Priority

 
 
By Dennis McCafferty  |  Posted 07-27-2015 Email
 
 
 
 
 
 
 
 
 
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    Why Transformation Is a Top Business Priority
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    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.
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    Top Priorities for Business Transformation for the Next Three Years
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    Top Priorities for Business Transformation for the Next Three Years

    Upgrading or replacing legacy systems: 88%, Integrating systems: 84%, Enhancing mobility: 82%
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    Top Benefit Drivers for Business Transformation Initiatives
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    Top Benefit Drivers for Business Transformation Initiatives

    Reduced cost: 66%, Improved business agility: 53%, Deepened customer relationships: 52%
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    Enhanced Edge
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    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.
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    Consequential Inaction: Plummeting Presence
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    Consequential Inaction: Plummeting Presence

    76% are concerned that their company will lose market share if it doesn't make business transformation a priority.
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    Consequential Inaction: Reputational Risk
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    Consequential Inaction: Reputational Risk

    75% fear that their company will lose credibility if it doesn't make business transformation a priority.
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    Consequential Inaction: Customer Churn
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    Consequential Inaction: Customer Churn

    74% said their organization is in danger of losing customers if it doesn't make business transformation a priority.
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    Consequential Inaction: Inadequate Workflow
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    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.
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    Consequential Inaction: Sales Slip
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    Consequential Inaction: Sales Slip

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

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

More than nine out of 10 companies are either undergoing or preparing for a major transformation, according to industry research. And they're doing so because the potential consequences of "status quo" are severe, according to a recent survey from Headspring. These transformations bring together IT and business to plot a strategic course that will hopefully benefit their companies for the future through reduced costs, increased business agility and improved customer relationships. On the tech side, such a transition will require the upgrading or replacing of legacy systems, in addition to the launching of new mobility initiatives. Without such steps, businesses risk losing market share, customers and credibility. The findings also indicate that management and rank-and-file workers need to get on the same page for transformational success, as there are clearly divided perspectives when it comes to the prioritization of mobility efforts and the modernization of IT. Nearly 260 professionals, the vast majority of them in IT, took part in the research.

 
 
 
 
 
Dennis McCafferty is a freelance writer for Baseline Magazine.

 
 
 
 
 
 

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