Industries Most and Least Likely to Be Disrupted in 2018
June 15, 2018
Share this

When it comes to their own companies, 50% of IT stakeholders think they are leaders and will disrupt, while 50% feel they are behind and will be disrupted by the competition in 2018, according to a new survey of IT stakeholders from Alfresco Software and Dimensional Research. The report, Digital Disruption: Disrupt or Be Disrupted, is a wake-up call for the C-suite.

By industry, more telcos (65%) and technology (65%) companies predict they will be disruptors, while 17% of IT stakeholders working for government and non-profit organizations worry they will be disrupted.

According to Alfresco founder and CTO John Newton, “Today’s corporate leaders must realize that digital disruption is happening, and it’s happening right now. Those who don’t have a digital strategy in place and IT modernization initiatives underway are not likely to survive.”

Companies with Vision and Execution will Disrupt

An important takeaway from this survey is what is most likely to propel a company into the disruptor position. According to IT stakeholders, the top predictors of success are IT vision and ability to implement new technologies:

■ Vision of their technology leadership (62%)

■ Ability of their technology teams to execute (58%)

■ Capabilities of new technologies, such as cloud, AI and IoT (57%)

On the other hand, companies most likely to be disrupted are those that are lacking the vision and right levels of investment to succeed, specifically:

■ Lack of budget and people resource investments (61%)

■ Lack of vision among business leaders (48%)

■ No willingness for company culture to embrace digital transformation (47%)

Furthermore, 70% of IT stakeholders believe business executives are taking too long to make the digital transformation leap; only 38% feel the technology team is holding them back. Another 78% feel that people changes are the most difficult, while 22% feel the technology changes are the most difficult.

Banking Most Likely to be Negatively Impacted by Digital Transformation in 2018

The report also looked at which industries were most and least likely to be impacted by digital transformation this year – 40% of IT stakeholders say banking is most likely to be negatively impacted by failing to digitally transform in 2018, and a third (30%) say retail is the industry most likely to be improved by embracing digital transformation.

Industries most likely to be negatively impacted by failing to digitally transform include:

■ Banking – 40%

■ Government – 18%

■ Insurance – 10%

Other industries likely to be improved by embracing digital transformation include:

■ Retail – 30%

■ Healthcare – 24%

■ Manufacturing – 18%

■ Airlines – 17%

■ Transportation – 17%

Cloud is Key to Digital Transformation

To achieve digital transformation quickly, companies need a technology infrastructure that can adapt quickly to change. Infrastructure clouds or infrastructure-as-a-service (IaaS) solutions enable companies to innovate quickly and respond more rapidly to changing business conditions, with minimal capital expense and maintenance costs.

■ The vast majority (95%) of stakeholders say IaaS is important to their digital transformation

■ 81% say they have achieved value from IaaS, but only 11% say they are doing everything they can and have maximized its value

About the Research: An online survey was sent to an independent database of IT professionals with responsibility for digital transformation. A total of 307 qualified IT professionals completed the survey. All participants lived in the United States or the United Kingdom and worked at companies with more than 500 employees. Each had responsibility for digital transformation decision making. Participants included a mix of job levels, company sizes and industries.

Share this

The Latest

July 17, 2018

The essential value resulting from data-driven processes has become progressively linked with analytics. Once considered a desired complement to intuitive decision-making, analytics has developed into a main focus of mission-critical applications across industries for any number of use cases ...

July 16, 2018

The question of SaaS-based technology over the past decade has quickly changed from "should we?" to "how soon can we?" even for the most customized and regulated of industries. This macro move toward SaaS has also encouraged a series of IT "best practices" that have potential impacts on the employee digital experience, organizational risk and ultimately, productivity ...

July 11, 2018

Optimization means improving the performance of your human and technology resources while keeping a watchful eye. To accomplish this, we must have clear, crisp visibility into the metrics relevant to the delivery of workspace applications to your end users and to the devices – the endpoints – they use to be productive ...

July 09, 2018

As tech headlines flash across my email, the CMDB, and its federated equivalent, the CMS, are almost never mentioned. And yet when I do research, dialog with IT, or support our consulting team, the CMDB/CMS many times still remains paramount ...

June 28, 2018

Given the size and complexity of today's IT networks it can be almost impossible to detect just when and where a security breach or network failure might occur. It's critical, therefore, that businesses have complete visibility over their IT networks, and any applications and services that run on those networks, in order to protect their customers' information, assure uninterrupted service delivery and, of course, comply with the GDPR ...

June 27, 2018

A new breed of solution has been born that simultaneously provides the precision of packet-based analytics with the speed of flow-based monitoring (at a reasonable cost). Here are more reasons to use these new NPM/APM analytics solutions ...

June 26, 2018

A new breed of solution has been born that simultaneously provides the precision of packet-based analytics with the speed of flow-based monitoring (at a reasonable cost). Here are 6 reasons to use these new NPM/APM analytics solutions ...

June 21, 2018

There’s no doubt that digital innovations are transforming industries, and business leaders are left with little or no choice – either embrace digital processes or suffer the consequences and get left behind ...

June 20, 2018

Looking ahead to the rest of 2018 and beyond, it seems like many of the trends that shaped 2017 are set to continue, with the key difference being in how they evolve and shift as they become mainstream. Five key factors defining the progression of the digital transformation movement are ...

June 19, 2018

Companies using cloud technologies to automate their legacy applications and IT operations processes are gaining a significant competitive advantage over those behind the curve, according to a new report from Capgemini and Sogeti, The automation advantage: Making legacy IT keep pace with the cloud ...