data priorities & practices...digital leaders (220 out of 1,010) (219 out of 1,010) 34% new...

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We Surveyed 1,010 CIOs to Find Out... TCS 2020 CIO Study: Digital Leadership for Business Transformation Data Priorities & Practices How Leaders Use Data as a Strategic, Competitive Asset Digital Leaders (220 out of 1,010) (219 out of 1,010) 34% New digital businesses, offerings, business and operating models 66% Enterprise-wide digitization, strong leadership, major initiatives 41% Hugely successful increasing digital revenue 59% Highly successful increasing digital revenue Digital Followers 53% Digitization is limited to a few business units so far 47% Still in pilot phase for digital transformation 61% Not very successful increasing digital revenue 39% Not at all successful increasing digital revenue Digital Leaders vs. Digital Followers Where Do Companies Stand in Analyzing & Benefiting from Customer Data? Yes/No Reasons Companies Obtain Customer Data from Others Far ahead of competitors 12% 23% Somewhat ahead of competitors 19% 40% 12% 7% Somewhat behind of competitors 15% 4% Far behind of competitors 42% 26% On par with competitors For any purpose 98% | 2% 92% | 8% To identify potential customers 54% | 46% To identify potential customers interested in others’ offerings 51% | 49% To help external parties convert our prospects into customers 50% | 50% To support current customers with additional offerings from other companies 47% | 53% To sell more to our current customers 40% | 60% To convert prospects into customers 54% | 46% To support current customers after sales 52% | 48% How We Conducted the Study To learn how CIOs in North America and Europe are navigating a complex and rapidly evolving digital landscape, where their companies are focused, and how much traction they’ve gained this past decade from those efforts. Objective Copyright © 2020 Tata Consultancy Services Limited Which Sectors Have CIOs Overseeing Data & Analytics? All industries 37% Banking & financial services 34% Consumer packaged goods 33% Insurance 27% High-tech 40% Telecom 45% Healthcare & life sciences 38% Travel & transportation 43% Automotive 37% Media, entertainment, information 40% Manufacturing 38% Retail 42% Which Data Is Most Important for Future Growth? Digital Leaders vs. Others Digital Leaders vs. Digital Followers How Digitized Are Business Activities and Functions Today? 56% | 46% Finance/accounting Legal 52% | 44% 50% | 48% Information security/ ITSM & services 49% | 43% Production/manufacturing 49% | 42% Human resource management 47% | 48% Logistics & distribution 55% | 46% Technology & process development 54% | 38% Customer support & service 54% | 48% Product/service development 54% | 51% Marketing & sales 53% | 44% Products & services 53% | 44% Procurement & vendor management @ estimated percentages of digitization Today vs. Expected by 2030 How Digital Will Business Get by 2030? 49% | 77% Information security Marketing & sales 50% | 75% Technology & process development 49% | 75% Procurement & vendor management 48% | 75% Human resource management 44% | 75% Finance/accounting 49% | 74% Legal 47% | 73% Customer support & after-sales service 45% | 70% Production/ manufacturing 45% | 68% Logistics & distribution 46% | 68% Products/services 47% | 67% Population 1,010 CIOs 60% North America 40% Europe 11 industries Revenues $1+ bn 75% IT budget $50+ mn 72% SALE 75% | 70% Online reputation 72% | 61% Customer purchases 70% | 59% Marketing/sales 70% | 58% Distribution data 61% | 53% Product/service performance 52% | 46% Production data 48% | 39% Acquired customer data 49% | 36% After-sale usage 1 2 3 SALE 49% | 75% Product/service development TCS Thought Leadership Institute Learn more at on.tcs.com/ciostudy estimated percentages of digitization For any purpose Yes/No Reasons Companies Share Customer Data with Others

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Page 1: Data Priorities & Practices...Digital Leaders (220 out of 1,010) (219 out of 1,010) 34% New digital businesses, o˜erings, business and operating models 66% Enterprise-wide digitization,

We Surveyed 1,010 CIOs to Find Out...

TCS 2020 CIO Study:Digital Leadership for Business Transformation

Data Priorities & Practices

How Leaders Use Data as a Strategic, Competitive Asset

Digital Leaders(220 out of 1,010) (219 out of 1,010)

34%New digital businesses,

o�erings, businessand operating models

66%Enterprise-wide digitization, strong leadership, major initiatives

41%Hugely successfulincreasing digital

revenue

59%Highly successfulincreasing digital revenue

Digital Followers

53%Digitization is

limited to a fewbusiness units so far

47%Still in pilot phase for digital transformation

61%Not very successful

increasing digitalrevenue

39%Not at all successfulincreasing digitalrevenue

Digital Leaders vs. Digital Followers

Where Do Companies Stand in Analyzing & Bene�ting from Customer Data?

Yes/No

Reasons Companies Obtain Customer Data from Others

Far ahead of competitors

12%23%

Somewhat aheadof competitors

19% 40%

12% 7%

Somewhat behindof competitors

15%4%

Far behindof competitors

42% 26%

On par with competitors

For any purpose98% | 2%

92% | 8%

To identifypotential customers

54% | 46%

To identify potentialcustomers interested in others’ o�erings

51% | 49% To help external

parties convertour prospects

into customers

50% | 50%To support current

customers with additional o�erings

from other companies

47% | 53%

To sell more to our current customers

40% | 60% To convert prospectsinto customers

54% | 46%

To support current customers after sales

52% | 48%

How We Conducted the Study

To learn how CIOs in North America and Europe are navigating a complex and rapidly evolving digital landscape, where their companies are focused, and how much traction they’ve gained this past decade from those e�orts.

Objective

Copyright © 2020 Tata Consultancy Services Lim

ited

Which Sectors Have CIOs Overseeing Data & Analytics?

All industries

37%

Banking &�nancial services

34%

Consumer packaged goods

33%

Insurance

27%

High-tech

40%

Telecom

45%

Healthcare& life sciences

38%

Travel &transportation

43%

Automotive

37%

Media,entertainment,

information

40%

Manufacturing

38%

Retail

42%

Which Data Is Most Important for Future Growth?Digital Leaders vs. Others

Digital Leaders vs. Digital Followers

How Digitized Are Business Activities and Functions Today?

56% | 46% Finance/accounting Legal

52% | 44%

50% | 48%

Information security/ITSM & services

49% | 43%Production/manufacturing

49% | 42%

Human resourcemanagement

47% | 48%Logistics & distribution

55% | 46%

Technology & process development

54% | 38%

Customer support& service

54% | 48% Product/service development

54% | 51% Marketing & sales

53% | 44% Products & services

53% | 44%

Procurement & vendor management

@

estimated percentages of digitization

Today vs. Expected by 2030

How Digital Will Business Get by 2030?

49% | 77% Information security

Marketing & sales50% | 75%

Technology & processdevelopment49% | 75%

Procurement & vendormanagement48% | 75%

Human resourcemanagement44% | 75%

Finance/accounting

49% | 74% Legal47% | 73%

Customer support & after-sales service45% | 70%

Production/manufacturing45% | 68%

Logistics& distribution46% | 68%

Products/services47% | 67%

Population

1,010 CIOs 60% North America40% Europe

11 industries

Revenues$1+ bn

75%

IT budget$50+ mn

72%

SALE

75% | 70%Online reputation

72% | 61%Customer purchases

70% | 59%Marketing/sales

70% | 58%Distribution data

61% | 53%Product/service

performance

52% | 46%

Production data

48% | 39%Acquired

customer data

49% | 36%

After-sale usage

1

2 3

SALE

49% | 75% Product/service development

TCS Thought Leadership InstituteLearn more at on.tcs.com/ciostudy

estimated percentages of digitization

For any purpose

Yes/No

Reasons Companies Share Customer Data with Others