SHARE
Facebook X Pinterest WhatsApp

Why Digital Transformation Is a Work in Progress

Mar 28, 2017

Why Digital Transformation Is a Work in Progress

Why Digital Transformation Is a Work in ProgressWhy Digital Transformation Is a Work in Progress

Global CEOs express doubts about their organization’s ability to move forward with needed digitization. They fear this could lead to a competitive disadvantage.

Distinguishing FactorDistinguishing Factor

66% of the global CEOs surveyed strongly agree that a failure to embrace digital transformation will damage their organization’s ability to remain competitive within the next two years.

Spending ProjectionSpending Projection

Four out of five said their organization is likely to increase its investment in digitization over the next year.

Muddled ConceptMuddled Concept

Just 20% of the CEOs surveyed strongly agree that their organization has a clear understanding of what it means to be digitally transformed.

Lag TimeLag Time

Only 11% strongly agree that their company is more advanced with respect to digitization than their peers and competitors.

Out of FocusOut of Focus

Just 17% strongly agree that their organization has adapted an enterprisewide strategy to maximize the impact of digitization.

Market WatchMarket Watch

Only 30% of the CEO’s surveyed strongly agree that digitization has had a detectable impact on their organization’s ability to generate revenue from new products or services.

Elusive OutputElusive Output

Just 37% strongly agree that digitization is making a detectable impact on their organization’s efficiency and productivity.

Talent GapTalent Gap

Just 10% strongly agree that their leaders have the skills and knowledge needed to make their enterprise successful in a digitized world, and only 7% feel the same way about their employees.

Top Skills Sought by CEOsTop Skills Sought by CEOs

Business and management: 67%,
Leadership: 51%,
Interpersonal: 45%,
Critical thinking: 42%,
Tech savvy: 18%

Recommended for you...

Best Supply Chain Certifications to Get in 2022
Lauren Hansen
Aug 9, 2022
Best Social Media CRM Software 2022
Lauren Hansen
Apr 30, 2022
Benefits of ERP: Weighing the Pros and Cons
Shelby Hiter
Apr 22, 2022
How CIOs Can Support Retention During the Great Reshuffle: Interview with Carter Busse at Workato
Shelby Hiter
Apr 15, 2022
CIO Insight Logo

CIO Insight offers thought leadership and best practices in the IT security and management industry while providing expert recommendations on software solutions for IT leaders. It is the trusted resource for security professionals who need to maintain regulatory compliance for their teams and organizations. CIO Insight is an ideal website for IT decision makers, systems integrators and administrators, and IT managers to stay informed about emerging technologies, software developments and trends in the IT security and management industry.

Property of TechnologyAdvice. © 2025 TechnologyAdvice. All Rights Reserved

Advertiser Disclosure: Some of the products that appear on this site are from companies from which TechnologyAdvice receives compensation. This compensation may impact how and where products appear on this site including, for example, the order in which they appear. TechnologyAdvice does not include all companies or all types of products available in the marketplace.