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.
The Latest
Generative AI may be a great tool for the enterprise to help drive further innovation and meaningful work, but it also runs the risk of generating massive amounts of spam that will counteract its intended benefits. From increased AI spam bots to data maintenance due to large volumes of outputs, enterprise AI applications can create a cascade of issues that end up detracting from productivity gains ...
A long-running study of DevOps practices ... suggests that any historical gains in MTTR reduction have now plateaued. For years now, the time it takes to restore services has stayed about the same: less than a day for high performers but up to a week for middle-tier teams and up to a month for laggards. The fact that progress is flat despite big investments in people, tools and automation is a cause for concern ...
Companies implementing observability benefit from increased operational efficiency, faster innovation, and better business outcomes overall, according to 2023 IT Trends Report: Lessons From Observability Leaders, a report from SolarWinds ...
IT leaders are driving an increasing number of automation initiatives as a way to stay competitive, reduce costs and scale as they navigate an unpredictable social and economic environment, according to the 2023 State of Automation in IT survey conducted by Jitterbit ...
Customer loyalty is changing as retailers get increasingly competitive. More than 75% of consumers say they would end business with a company after a single bad customer experience. This means that just one price discrepancy, inventory mishap or checkout issue in a physical or digital store, could have customers running out to the next store that can provide them with better service. Retailers must be able to predict business outages in advance, and act proactively before an incident occurs, impacting customer experience ...
Earlier this year, New Relic conducted a study on observability ... The 2023 Observability Forecast reveals observability's impact on the lives of technical professionals and businesses' bottom lines. Here are 10 key takeaways from the forecast ...
Only 33% of executives are "very confident" in their ability to operate in a public cloud environment, according to the 2023 State of CloudOps report from NetApp. This represents an increase from 2022 when only 21% reported feeling very confident ...
The majority of organizations across Australia and New Zealand (A/NZ) breached over the last year had personally identifiable information (PII) compromised, but most have not yet modified their data management policies, according to the Cybersecurity and PII Report from ManageEngine ...
