Ask a business leader who has undertaken a project to implement new technology within their company, and you may find yourself hearing stories about delayed timelines, cost overruns and unforeseen roadblocks. The reason for this is that digital transformation is inherently complex if it is not thought through from end to end. Our customers, across a range of industries, are telling us that their digital journey is not an easy one. Taking on the challenge of aligning technology features with business functions, integrating new technology with old technology, and delivering innovation in areas that are traditionally risk-averse is no mean feat. This is especially true when you consider that all this must be done while taking into account the impact on the culture of a business and its employees.However, business leaders cannot allow these challenges to stand in the way of their company’s digital future. It is important to understand why digital transformation projects are perceived … [Read more...] about The digital transformation journey dissected – why do some businesses succeed while others lag behind?
Digital transformation journey
Video: Why some companies won't succeed on their digital transformation journey One of the common complaints from IT executives is how difficult it is to get funding for innovative technology projects. But the desire to digitally transform businesses for competitive reasons has changed things, and finance executives are loosening up the purse strings considerably.Must read: Digital Transformation: A CXO's Guide A recent survey of more than 300 CFOs and financial leaders by audit, tax, and advisory firm Grant Thornton LLP in partnership with CFO Research shows that more than two-thirds (69 percent) plan to increase their investment in technologies that speed business change in the coming year. About 40 percent of the executives plan a spending increase of more than 10 percent in the next 12 months. "Historically, CFOs have said they struggle with the cost of maintaining their IT infrastructures, which has derailed digital transformation at their companies," said Srikant Sastry, … [Read more...] about For digital transformation, CFOs are loosening the purse strings
Forward-thinking organisations are realising that they require greater operationally agility to successfully meet ever-rising customer expectations. With customers also demanding easier businesses engagement – and across a wider spectrum of channels, this is forcing businesses themselves to enact internal change more quickly. These factors are putting increasing pressure on IT and business leaders to respond by undertaking ‘digital transformation projects.’ The need for this ‘transformation’ is proving especially relevant to larger companies – where in many sectors, they are being disrupted by more dynamic, nimble, startups and SMEs, that have less legacy IT baggage – such as processes and people - to move around. Ultimately, the key focus for all digital transformation projects must be on the end goal of achieving greater business agility – with the ability to swiftly respond to the needs of the market, and provide a greater … [Read more...] about Digital transformation in the real word
While global enterprise businesses are perpetually challenged to grow revenues while improving their margins, the current generation is also wrestling with the threat of industry-wide disruption driven by new, “digital first” entrants.Consider how entire industry verticals – media, payments, shopping, travel, hospitality, to name but a few – have been up-ended by new entrants successfully leveraging digital technologies. The results are new products and services that delight customers with unexpected experiences, surprising convenience and radically lower prices. And while industry vertical enterprise incumbents possess undeniable assets – customer base, brand loyalty, global reach, capital resources – the previous two decades have provided irrefutable evidence that such assets, by themselves, are insufficient barriers to disruptive “digital first” challengers.In response, enterprise incumbents have the opportunity to not just defend … [Read more...] about 5 keys to digital transformation
Digital transformation - latest statistics- 62 per cent of employees see corporate culture as the biggest obstacle in the journey to becoming a digital organisation (Capgemini UK)- 76 per cent of UK businesses reported that Brexit has significantly impacted their ability to plan and invest in new technologies (Pure Storage)- Only 23 per cent of UK businesses feel they are ‘top performers’ when it comes to implementing digital transformation (Cornerstone OnDemand) 25/05 - FEATURE - Michiel Schipperus/Sana Commerce - Why should e-commerce sit at the heart of a business’ digital transformation? - How does e-commerce help drive digital transformation?22/05 - FEATURE - Martin De Martini/Y Soft - Is your organisation ready for digital transformation? - Before implementing a digital transformation initiative, organisations must first evaluate their current skillset...21/05 - FEATURE - Nigel Tozer/Commvault - Data management in the era of GDPR and digital transformation … [Read more...] about What is digital transformation? Everything you need to know