embracing digital technology: a new strategic imperative
DESCRIPTION
The “Front Line” of Digital Transformation: Opportunities Are Clear, But The Journey To Get There Less So Research from Capgemini Consulting and MIT Sloan Management Review explores why organizations continue to struggle driving Digital Transformation and the need for C-level leadership.TRANSCRIPT
Legacy technology: Limitations of IT systems ranked third on the list of significant organizational barriers to digital transformation
Making a case forDigital Transformation
For Beginners, 61% of companies do not
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Only 32% Digirati companies do not
Lack Of Urgencysay lack of urgencyis the single biggestobstacle
The Vision thingsay senior leaders share a vision
Picking a Direction:Companies lack a clear roadmap
think leadershiphas a roadmap
The Trouble with digital transformation
3 Executing the change
Only half of companies surveyedsaid they create business cases
Merely 25% have established KPIs
This report has been developed by the Sloan Management Review and Capgemini Consulting
Incentives help easeemployee concerns aboutDigital Transformation
#digitaltransformation
Embracing Digital TechnologyA New Strategic Imperative
1 Leadership: Defining the agenda
tie rewards to digital transformation efforts
connect digital transformation to incentives
of Digirati, and40%
of non-digirati25 %
2 Institutional challenges
Companies where leadership is not focused on digital transformation
Only 37%
their competitivenesswould improve
Only 18% believe
The study – involving over1,500 executives in 106 countries
of people saidthe pace of technologychange in their organizationsis too slow
project a grim,46%
Despite acknowledging the digital imperative, few companies are responding
said that
Acknowledgement Action
say digital transformation will become critical totheir organizations within the next 2 years
Where Digital Transformation is a permanent fixture on the executive agenda
81% of people believe it will givetheir company a competitive advantage
digital transformationwas a permanent fixtureon their CEO’s agenda
The Digital Imperative
less competitive future
78%
64%
40% 36%