Only a third of businesses recognise the importance of digital transformation – putting growth and cost reduction first. Yet those businesses that see digital transformation as a high priority are much more confident of achieving growth – with 50% saying they are very confident compared to just 17% for those who didn’t see it as important.
The number one association with digital transformation is increasing efficiency through the use of new technology. But businesses reported a wide range of benefits, including:
Only one third of businesses have a well-defined strategy for implementing digital transformation. Those that do have a plan are much more likely to be making good progress with (or have already completed) digital transformation.
59% of businesses that have embraced digital transformation wished they had done it sooner. So don’t delay. Find out how your business – no matter what size – can benefit from digital transformation – and what to do next.