What does being a digital business mean to you? It’s fair to say, becoming a digital business means enabling improved worker productivity through tools such as mobile, data access and the ability to better manage business performance for measured and improved decision making.
According to a recent survey from IDG 2018 State of Digital Business Transformation, 89% of organisations have adopted or plan to adopt a digital first strategy.
What’s holding you back from going digital? The IDG survey suggests that the biggest obstacles organisations are facing in achieving success with digital business initiatives include the lack of staff, correct skill and knowledge set and the need to replace legacy systems. It is also vital that both technology and organisational change management must be considered equally, where the overall business and cultural challenges must be considered prior to planning a digital transformation.
What are your objectives when going digital? The majority of respondents (64%) expect to improve overall process efficiency through automation and 58% have improving customer experience front of mind in order to remain competitive and innovative in respective industries. However, leading back to what’s becoming a digital business really means, 50% of respondent’s have improving employee productivity and revenue growth (43%) ranked highly.
32% of IT decision makers say that digital business has already helped their organisation achieve revenue growth.
Today, digital transformation is more than a buzzword. If done well and timely, your business can experience sizeable results and accomplish KPI’s. IT leaders are making steady progress into becoming a digital business in actively planning to adopt innovative technologies that best suit their business. With technology evolving at staggering speeds, it is essential that your business undergo sufficient planning in implementing new technologies in order to gain the most benefits out of your digital transformation.
In a data driven world, it is no surprise that big data and analytics are the key digital technologies already implemented. However, with organisations developing their digital transformation, public and private cloud will play a central role. In order to facilitate an effective digital transformation, it is vital that organisations adapt to workers and consumers habits through mobile technology, with 59% of respondents agreeing to have successfully implemented mobile technologies.
With a lack of staff and correct skill set being major obstacles for going digital (36%), it is imperative that organisations have the right partner in doing so. Being exposed to a breadth of innovative technologies and a network to support digital transformation is fundamental. This will support the push for businesses to become more responsive and customer-centric through digital transformation.
Read the full report here