How Tech Takes the Fear Out of Change
How Tech Takes the Fear Out of Change
Disruption must be embraced to drive business growth, and CIOs who deal well with constant change are better able to contribute to strategic initiatives.
Ch-Ch-Changes
76% of execs view disruption as constant and likely increasing, but only 17% feel fully prepared for it.
Disruptive Force
71% consider regulatory and legislative complexities/increasing rules as a top disruption, while 63% cite shifts in security, including an emphasis on cyber security.
Survival Factors, Part I
47% say instant and ubiquitous access to data presents both a major disruptive challenge and opportunity, while 45% say the digitally enabled consumer does.
Survival Factors, Part II
44% say multigenerational workforce dynamics present major disruptive challenges and opportunities, and the same percentage cite the global business complexities of their industry.
Top Responses to Disruption
Reduce operating expenses: 42%, Improve data capture/analytics: 31%, Invest in talent, as well as emerging tech: 30%
Moving Target
74% of execs at companies that are considered highly profitable say their workforce is mobile-enabled, compared to only 39% of those at less-profitable organizations who claim the same.
Fast Track
71% of execs at highly profitable organizations say their company accelerates digital enterprise growth, as opposed to just 47% of those at less-profitable businesses who claim this.
People Power
34% of execs at the fastest growing firms say their organization invests in talent and emerging tech expertise, compared to just 17% of those at the slowest growing businesses who say their companies do this.
Crystal Ball
31% of CEOs feel that, five years from now, their organizations will be competing with companies that “aren’t on the radar yet,” compared to no more than 8% of executive managers/director-level professionals who anticipate the same.