101 digital transformation statistics (2016)

101Digital Transformation Statistics

Strategy Skills Technology Culture Operations

Statistics are split into five loose categories

Strategy

33% of companies are developing their plans for digital transformation, but won't execute in the next twelve months

Are Businesses Really Digitally Transforming or Living in Digital Denial, Progress, 2016

43% of organisations with a mature digital strategy see internal departments competing to own digital as the most significant barrier to digital transformation

Leading Digital Business Transformation, Forrester / Squiz / SugarCRM, 2016

47% of companies haven't started to embark on a digital transformation

50% of digitally mature businesses believe that their digital strategy is tightly aligned to their IT strategy.

53% of companies have a comprehensive transformation roadmap that includes business capabilities and processes,

as well as digital and IT components.

Global Digital IQ Survey, PWC, 2015

55% of companies without an existing digital transformation programme say the timeframe to adopt one is a year or less

59% of companies say they are worried they may be too late with their digital transformation efforts

and will fall behind their competitors

62% say their organization is in denial about the need to transform digitally

67% of companies believe that buying or partnering with more digitally advanced organisation is a viable strategy for effecting digital transformation

Digital Evolution, Accenture / Pega, 2016

68% of businesses say that they have formed joint ventures with other companies and/or invested in

startups, in order to boost digital capabilities

71% of digital disruptors continually look for opportunities to digitise the business, compared with 63% of all other companies

82% of companies say that responsibility for overall leadership of digital transformation has been formally and explicitly assigned to someone in the organisation

Digital Leadership 2015: Making a Difference, apigee, 2015

83% of businesses undergoing digital transformation say that their governance structures, decision-making rules, or innovation processes have changed in the past 24 months

85% enterprise decision makers feel they have a timeframe of two years to make significant inroad on their digital transformations, or they will suffer financially and fall behind their competitors

86% of organisations say that digital business has prompted them to enter, or consider entering, a new market or markets

90% of digitally mature companies say that business transformation is a directive of their digital strategy

Strategy, Not Technology, Drives Digital Transformation, MITSloan, 2015

91% of companies say that faster digital transformation strategies would offset challenges and greatly benefit their organisations

96% of organizations see digital transformation as

critical or important

Are Businesses Really Digitally Transforming or Living in Digital Denial,

Progress, 2016

Around only a quarter of businesses are very confident in their ability to execute a digital transformation

By 2017, 60% of companies with a digital transformation strategy will deem it too critical for any single one functional area create an independent corporate executive position to oversee the implementation

IDC FutureScape : Worldwide Digital Transformation 2016 Predictions, IDC, 2015

By the end of 2017, two-thirds of the CEOs of Global 2000 companies will have digital transformation at the centre of their corporate strategy

Despite the expectation that digital will influence a significant portion (47%) of sales by 2020, most executives don’t see the use of digital

technology as having a major influence on business strategy

The Key Success Factors Of Digital Business Strategy, Forrester, 2016

Digital business transformation is expected to replace cost reduction as the top driver for new

business process management (BPM) initiatives

Business Process Management Playbook, Forrester, 2016

Digital disruptors will displace 4 out of 10 incumbent companies over the next five years

Digital Vortex, Center for Digital Business Transformation, 2015

Digital transformation is expected to boost the bottom line by more than 50% for some companies over the next five years

Finding your digital sweet spot, McKinsey, 2013

Having a lack of overall strategy is cited by a third (33%) of executives to be a barrier preventing them from taking advantage of digital trends

In 2016, 65% of large enterprises will have committed to become information-based

companies, shifting the organisational focus to relationships, people, and intangible capital

Just 1% of executives say their number-one expectation for digital is to disrupt their own or other industries

Just 26% of executives feel confident that their company fully understands the potential for digital to change value creation

The Key Success Factors Of Digital Business Strategy, Forrester, 2016

Just over half (57%) of organisations say that they have established a strong framework connect digital investments more directly to enterprise KPIs

Less than a fifth (18%) of ITDMs are very confident that they will succeed in meeting digital transformation goals in the next twelve months

The State of Digital Transformation and APIs, Mulesoft, 2016

More than three-quarters (76%) of companies have a defined digital transformation strategy

Of companies making progress with their digital transformation initiatives, only a third (36%) say that they are on schedule

TechValidate, 2016

Only 11% of companies assess their digital strategy as “excellent.”

A quarter (25%) of executives expect digital to create better customer experiences

More than three-quarters (77%) of businesses expect that they will be competing in a new segment within three years

Only 5% of organisations feel that they have mastered digital to a point of

differentiation from their competitors

Digital Transformation In The Age Of The Customer,Forrester / Accenture, 2015

Only 50% of executives agree or strongly agree that their organisation has a clear and coherent digital strategy

Only a quarter (26%) of organisations are ‘completely ready’ to execute digital strategies

Digital Transformation In The Age Of The Customer, Forrester, Accenture, 2015

Only one in three business leaders agree that digital priorities are fully aligned within their organisation

Retail Digital Transformation, Fujitsu, 2016

The biggest challenges of digital transformation are developing new business models to cope with increased connectivity and engagement (43%), implementing digital strategy organisation-wide (39% and recruiting talent with appropriate digital skills (32%)

CIO Report, BT, 2016

The CIO is the most likely C-suite executive to own digital transformation, but digital initiatives are more likely to be led by business departments (29%) than the IT function (22%).

Digitising IT, Economist IU / SAP, 2016

The digital economy is growing at 10% a year, generating more than $24tn in ecommerce alone, during 2015

Global Connectivity Index, Huawei, 2016

The digital transformation market is expected to grow from $150.7bn in 2015 to $369.2bn by 2020, at a compound annual growth rate of 19.6%

Digital Transformation Market by Solution, MarketsandMarkets, 2015

The sharing economy will give rise to both networked-free agents and skill-based marketplaces, resulting in more than 10% of work

being sourced this way in mature economies by 2019

The top digital priority for senior executives is growing revenue (45%)

The top three digital transformation drivers are improved customers experience, increased speed of

innovation and improved-time-to market.

Two-thirds (65%) of CIOs are measuring the success of their organisation against different KPIs than 12 months

ago, as a direct result of digital transformation.

Under a third (29%) of organisations currently see ‘metrics and measurements’ as critical to their digital success

Digital Transformation In The Age Of The Customer, Forrester / Accenture, 2015

Digital Transformation Statistics 53 53

Only 15% of companies at the early stages of digital maturity* say that their organisations have a clear and coherent digital strategy, compared to 80% of digitally maturing companies

Digital Business Global Executive Study, MIT Sloan Management Review and Deloitte, 2015* Defined as an organisation where digital has transformed processes, talent engagement and business models

Skills

27% of digital leaders rate technology skills to be the biggest staffing pain point

Staffing And Hiring For Digital Business, Forrester, 2016

31% of digital teams rely on external partners to deliver their technology needs

44% of executives say that knowing the business and being able to conceptualise how new digital technologies can impact current processes and models is the biggest missing organisational skill

A third (35%) of companies say that a lack of qualified data science experts is hampering digital transformation efforts

Digital leaders consistently rate usability, customer experience, and creative skills as some of the hardest skills to recruit for

Just 55% of executives say their organisation has all the technology skills needed to deliver on their enterprise vision

Nearly two-thirds (64%) of technology professionals say that a major roadblock to digital transformation is not having enough resources to

maintain current systems and develop or incorporate new digital services

TechValidate, 2016

Only 16% of executives believe that their firm has all the skills and capabilities necessary to deliver its digital ambition

Technology

49% of companies say that more than half of their IT budget addresses digital transformation initiatives

57% of organisations say that implementing key digital technologies is critical to enabling their digital business

64% of organisations cite they are currently in progress with incorporating mobile technologies as part of digital transformation

TechValidate, 2016

88% of companies believe that they do not have the right technology in place to currently execute a digital strategy

90% of CEOs are changing how they use technology to deliver on wider stakeholder expectations

19th Annual Global CEO Survey, PWC, 2016

92% of businesses say that intelligent automation - the combined use of artificial intelligence and automation - will be put to wider use within their company during the next twelve months

By 2018, at least 20% of all workers will use automated assistance technologies to make decisions and get work done

More than 90% of executives believe that digital technology has the potential to fundamentally

transform the way people work in their organisation

Nearly one-third (31%) of businesses say they are investing more than 15% of revenue into technology

investments that span all areas of the business, not just IT

Nearly two-thirds (58%) of executives are confident in their leadership's understanding of relevant digital trends and emerging technologies

Only 62% of companies in the process of a digital transformation say there is a strong alignment between marketing and IT

Senior executives cite that more than two-thirds (68%) of technology spending is now coming from budgets outside of IT

Technological advances are seen by 77% of CEOs to be the global trend most likely to transform wider expectations of business

19th Annual Global CEO Survey, PWC, 2016

The three biggest disruptive technologies are cited by global respondents to be cloud (58%), mobility and collaboration (54%) and data (52%)

Culture

45% of companies say that digital disruption is not seen as worthy of board-level attention

Digital Vortex, Global Center for Digital Business Transformation, 2015

54% of mature digital organisations believe that fostering a culture of digital innovation is a critical enabler to develop their business

86% of CEOs believe it is crucial to champion the use of digital technologies

87% of businesses expect digital transformation to have a positive impact on employee experiences when working at the company

97% of organisations say that changing company culture is a very or somewhat important challenge to digital transformation success

Digital Transformation Survey, Altimeter, 2014

Nearly one in three (31%) of companies strongly agree that “digital transformation is something employees are excited about.”

Operations

28% of digital teams now operate as standalone groups with their own budget, headcount and a strategic voice in the C-suite

31% of digital business professionals report into the marketing group

40% of digital business professionals work in a centralisedfunction; they are the only digital group within the organisation and are responsible for their own initiatives

88% of technology professionals expect increased employee productivity as an output

of becoming a transformed digital enterprise

TechValidate, 2016

43% of companies say that they now have a separate digital business unit to introduce new practices

70% of executives have started the digital transformation of their supply chains

The Current and Future State of Digital Supply Chain Transformation, Capgemeni / GT Nexus, 2016

88% of firms are using third-party providers for at least one component of their digital transformation

By 2020, 60% of the G2000 will have doubled their productivity by digitally transforming many processes

from human-based to software-based delivery

96% of ITDMs cite that their business is currently executing digital transformation initiatives, or planning to do so in the near future

The State of Digital Transformation and APIs, Mulesoft, 2016

By 2018, 75% of the G2000 will have deployed full, information-based, and economic models or ”digital twins" of their products and services, supply network, sales channels and operations

A quarter (25%) of technology professionals say that an inability to ensure their digital services operate at the highest levels of performance, automation and capacity is a major roadblock to digital transformation

TechValidate, 2016

By 2018, 80% of B2C companies will have created immersive, authentic omni-experiences for customers, partners, and

employees; 60% of B2B-centric companies will have done the same

CEOs expect that 41% of enterprise revenue will come from digital business by 2020, almost double what it was in 2015

Create an Industry Vision for Digital Business, Gartner, 2016

In 2016, the level of connectivity related to products, assets and processes will Increase 50% for all industry value chains

In the next twelve months, 52% of businesses plan to establish new digital governance and transformation management

More than a third (36%) of executives are unsatisfied with their company's current reaction to digital trends

Nearly half (45%) of IT departments have changed the way they works completely or significantly, to support digital transformation

One in three business leaders think they are already over-spending on digital projects

Retail Digital Transformation, Fujitsu, 2016

Just 7% of executives say their IT department plays a leadership role in identifying opportunities for digital innovation, but 35% believe it should

Only only 14% of organisations have completely digitised business processes

IDC-Canon Transformation Study, IDC, 2016

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101 digital transformation statistics (2016)

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