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The 300 Essential Stats on Business & Digital Transformation You Need to Know: Part I - Overall Edition (Wikibrands 2019 version)

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The biggest compendium on business & digital transformation available online - curated and assembled by Wikibrands (wiki-brands.com) - the first on-demand transformation and futureproofing firm helping organizations to their better futures.

This is the first of 6 editions focused on the general and overall effects and impacts of business transformation.

Follow us at: @wikibrandsFT / @wikibrands and
Track our hashtag: #transformation300

Published in: Business

The 300 Essential Stats on Business & Digital Transformation You Need to Know: Part I - Overall Edition (Wikibrands 2019 version)

  1. 1. Curated by Managing Director Sean Moffitt @SeanMoffitt and the @Wikibrands Transformation Collective    The 300 Essential 2019 Statistics on: Business & Digital Transformation Leading insights, foresights & Best Practices for Accelerating Business Change & Digital Maturity WIKIBRANDS The Transformation & Futureproofing Experts www.wiki-brands.com PART 1 – THE OVERALL EDITION
  2. 2. THE BIGGEST COMPENDIUM OF BUSINESS TRANSFORMATION AND FUTUREPROOFING STATS AVAILABLE #TRANSFORMATION300
  3. 3. Our Insight-filled, Data-based Special Sauce ▶  Variety & Credibility - Distilled from 30 different reputable sources including 5+ of our own proprietary studies. ▶  Current - All 2017 and 2018-based statistics. ▶  Holistic - Deals with business transformation from 15 key relevant facets. ▶  Digitally-Savvy – Acknowledges the power of digital and technology to transform business in the connected age. ▶  Helpful – Designed to make the case for your business change, digital transformation and any angle of opposition to change.
  4. 4. www.wiki-brands.com
  5. 5. “The future is so VUCA(volatile, uncertain, complex, ambiguous). Companies really only have three choices for sustainable marketplace advantage. You can anticipate better and futureproof. You can disrupt the market and innovate. Or you can disrupt yourself and transform. Choose one, or all three, but do it now.” Sean Moffitt, Managing Director, Wikibrands
  6. 6. 15 Facets of Business Transformation ▶  Overall  Business  Transforma1on     1  Leadership,  Governance  &  Sponsorship     2  Purpose,  Vision  &  Strategy  Transforma1on   3  Change  Management  and  Organiza1onal  Commitment   4  Technology  &  Digital  Transforma1on   5  Digitaliza1on  &  Process  Transforma1on   6  Data,  Analy1cs  &  Key  Metrics   7  Culture  &  Values  Transforma1on   8  Talent  Transforma1on   9  Performance  Management  Transforma1on   10  Customer  Experience.  Touchpoints  &  Engagement     11  Brand  &  Content  Transforma1on   12  Channel  &  Commerce  Transforma1on   13  Business  Model,  Product  &  Services  Innova1on   14  Product  &  Services  Innova1on   15  Futureproofing  &  Marketplace  Foresight   WIKIBRANDS The Transformation & Futureproofing Experts
  7. 7. For the full deck of insights and foresights, become a Futureproofer : http://bit.ly/thefutureproofers
  8. 8. 12 Business Transformation Facets1  Overall  Business  Transforma1on  &    Impera1ves     2  Digital  Transforma1on   3  Technology  Transforma1on   4  Purpose,  Vision  &  Strategy  Transforma1on   5  Leadership  &  Governance  Transforma1on   6  Brand  &  Content  Transforma1on   7  Customer  Experience  &  Engagement  Transforma1on   8  Talent  Transforma1on   9  Culture  Transforma1on   10  Opera1onal  Transforma1on   11  Innova1on  Transforma1on   12  Futureproofing  &  Foresight  Transforma1on     1.    Overall Business Transformation WIKIBRANDS The BUSINESS Transformation Experts
  9. 9. Transforma)on  Stat  #1  –  Business  Lifespan:   By  2020,  the  average  lifespan  of   a  company  will  be  9  years,     down  from  61  in  1960.   Source:  Wikibrands,  2018   #THEFUTUREISVUCA
  10. 10. Transforma)on  Stat  #2  –  Pace  of    Business:   The  world  is  7.7X  faster  than  it   was  a  genera1on  ago.*   (*Average  rate  of  change  across  50  marketplace  changes)     Source:  Wikibrands,  2018   #THEFUTUREISFASTER
  11. 11. Transforma)on  Stat  #3  –  Corporate  Darwinism:   Since  2000,  52%  of  Fortune  500   companies  are  either  bankrupt  or   cease  to  exist.   Source:  Columbus,  2018   #transformationsurvival
  12. 12. Transforma)on  Stat  #4–  Disrup)ng  the  Leaders:   Digital  disrup1on  will  replace  4   out  of  10  incumbent  companies  of   an  industry  over  the  next  5  years.   Source:  Cisco  Digital  Vortex,  2017   #disruptionisreal
  13. 13. Transforma)on  Stat  #5–  The  Transforma)on  &  Innova)on    Growth  Gap:   The  most  innova1ve  companies   are  expec1ng  revenue  growth  of   +62%  over  the  next  five  years,     the  least  innova1ve  are  expec1ng   +21%.   Source:  PwC,  2018   #transformationambition
  14. 14. Transforma)on  Stat  #6  -­‐    Market  Expansion:   86%  of  organiza1ons  say  that   digital  business  has  prompted   them  to  enter,  or  consider   entering,  a  new  market.   Source:  Accenture,  2017   #TransfOrmationexpansion
  15. 15. Transforma)on  Stat  #7  –  Radical/Transforma)ve  Expansion:   More  than  3/4s  of  businesses   expect  to  be  compe1ng  in  a  new   segment  of  business  over  the   next  3  years.   Source:  Accenture,  2017   #TransfOrmationHORIZON
  16. 16. Transforma)on  Stat  #8  -­‐  Transforma)on  Drives  BoRom-­‐Line  Performance:    Transforma1on  is  expected  to   boost  the  bobom  line  of   companies,     EBITDA  with  successful  “digital   hero”  companies  is  +37%  higher   than  peer  companies.   Source:  Simon  Kucher  Global  Pricing  &  Sales  Study,  2017   #TransfOrmationBOTTOMLINE
  17. 17. Transforma)on  Stat  #9    =  Transforma)on-­‐led,  Market  Share  Growth:   85%  of  leaders  say   transforma1on  efforts  have   increased  market  share,     vs.  39%  for  others.   Source:  SAP,  2018   #TransfOrmationSHAREGROWTH
  18. 18. Transforma)on  Stat  #10  –  No  Safe  Disrup)on  Havens:   93%  of  organiza1ons  are   expec1ng  massive  disrup1on  of   their  industry  over  the  next  24   months.   Source:  Wikibrands  Digital  Transforma1on  Playbook  2018     #disruptionisreal
  19. 19. Transforma)on  Stat  #11  -­‐  Outside  Threats:   55%  of  execu1ves  believe  their     biggest  future  compe11on  over   the  next  two  years  will  be  from   outside  industry;     42%  from  new  digital  market  entrants   13%  from  new  non-­‐digital  market  entrants.   Source:  Accenture,  2018   #disruptionTHREATRADAR
  20. 20. Transforma)on  Stat  #12  -­‐  Connec)on  &  Scale:   7  out  of  10  new  business  models   will  develop  via  some  marriage  of   crowd  shihs  with  technology.   Source:  Wikibrands,  2018   #TRANSFORMATIONPEOPLEANDTECH
  21. 21. Transforma)on  Stat  #13  -­‐    New  Economy  Growth  :   The  digital  economy  is  expected   to  grow  at  triple  the  pace  of  the   rest  of  the  economy,  genera1ng   $23  Trillion  in  commerce  by  2025   (26%  of  the  world’s  economy).   Source:  Huawei’s  Global  Connected  Index,  2018   #THEWORLDISDIGITAL
  22. 22. Transforma)on  Stat  #14  -­‐  Confidence  Factor:   Only  20%  of  execu1ves  report   feeling  prepared  on  how  to   address  industry  disrup1on.   Source:  Accenture,  2018   #TRANSFORMATIONREADINESS
  23. 23. Transforma)on  Stat  #15  -­‐    The  Faint  Echo  of  Disrup)on:   Only  31%  of  execu1ves  are   ac1vely  responding  to  industry   disrup1on.   Source:  Cisco,  2018   #TRANSFORMATIONREADINESS
  24. 24. Transforma)on  Stat  #16  -­‐    Front-­‐line  Confidence:   71%  of  the  front  line  employees   of  digitally  immature  companies     are  not  confident  in  their   business  direc1on.   Source:  Deloibe,  2017   #TRANSFORMATIONATTHEFRONT
  25. 25. Transforma)on  Stat  #17  –  Transforma)on’s  Top  Challenge:   The  #1  challenge  of   transforma1on  is  developing  new   business  models  to  cope  with   increased  connec1vity  and   engagement.   Source:  CIO  Report,  2018   #TRANSFORMATIONchallenges
  26. 26. Transforma)on  Stat  #18  –  The  Macroeconomic  Impera)ve:   Shelter,  insurance  &  pensions  and   healthcare  have  gone  from  24%   of  household  spending  to  34%   over  the  last  45  years.   Source:  U.S.  Bureau  of  Labor  2017   #TRANSFORMATIONTARGETS
  27. 27. Transforma)on  Stat  #19–  Transforma)on  Partner/Vendor  Criteria  :   The  top  criteria  that  clients  look   for  with  outside  transforma1on   partners:   ①  Industry  Thought  Leadership   ②  Track  Record  of  Results   ③  Partnership  Mindset     ④  Commitment/Work  Ethic   ⑤  Trust/Credibility   ⑥  Business  Exper1se   ⑦  Good  Value   ⑧  Technical  Exper1se   ⑨  Strategic  Savvy   ⑩  Strong  Communica1on  Skills   Source:  Wikibrands  Digital  Transforma1on  Playbook,  2018   Consult WIKIBRAND”S digital transformation Playbook
  28. 28. Transforma)on  Stat  #20  –  The  Corporate  Headquarter  Mandate  :   “Digital  Transforma1on”  and   “Innova1on”  were  seen  as  the  top   two  capabili1es  of  a  corporate   headquarters.   Source:  Roland  Berger,  2018   Invite wikibrands to catapult your transformation & INNOVATION
  29. 29. The Transformation & Futureproofing Experts www.wiki-brands.comWIKIBRANDS
  30. 30. ALSO VISIT OUR FIVE OTHER 2019 EDITIONS VISIT Wiki-brands.com, become a futureproofer or track OUR other editions II- LEADERSHIP/STRATEGY III- OPERATIONS/TECH IV- CULTURE/TALENT V- CUSTOMER/BRAND VI- INNOVATION/FORESIGHT
  31. 31. www.wiki-brands.com We accelerate your business transformation, advance your digital maturity and anticipate better futures. @wikibrands

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