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Embracing Digital Technology: A New Strategic Imperative

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The “Front Line” of Digital Transformation: Opportunities Are Clear, But The Journey To Get There Less So …

The “Front Line” of Digital Transformation: Opportunities Are Clear, But The Journey To Get There Less So

Research from Capgemini Consulting and MIT Sloan Management Review explores why organizations continue to struggle driving Digital Transformation and the need for C-level leadership.

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  • 1. Embracing Digital Technology A New Strategic Imperative The study – involving over 1,500 executives in 106 countries The Digital Imperative 78% say digital transformation will become critical to their organizations within the next 2 years Companies where leadership is not focused on digital transformation Only 18% believe their competitiveness would improve 46% project a grim, less competitive future Where Digital Transformation is a permanent fixture on the executive agenda 81% of people believe it will give their company a competitive advantage Acknowledgement Action Despite acknowledging the digital imperative, few companies are responding 64% Only 37% said that digital transformation was a permanent fixture on their CEO’s agenda of people said the pace of technology change in their organizations is too slow The Trouble with digital transformation 1 Leadership: Defining the agenda 40% 36% Lack Of Urgency say lack of urgency is the single biggest obstacle The Vision thing say senior leaders share a vision Picking a Direction: Companies lack a clear roadmap 40% 25 % of Digirati, and 2 think leadership has a roadmap of non-digirati Institutional challenges Legacy technology: Limitations of IT systems ranked third on the list of significant organizational barriers to digital transformation 3 Executing the change Making a case for Digital Transformation Only half of companies surveyed said they create business cases Incentives help ease employee concerns about Digital Transformation For Beginners, 61% of companies do not tie rewards to digital transformation efforts Merely 25% have established KPIs Only 32% Digirati companies do not connect digital transformation to incentives This report has been developed by the Sloan Management Review and Capgemini Consulting Reach out: Interested in reading the full report? Head to http://www.capgemini-consulting.com/SMR Follow us on Twitter @capgeminiconsul or email dtri.in@capgemini.com #digitaltransformation

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