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Capgemini Consulting, the global strategy and transformation consulting division of the Capgemini Group, a global provider of consulting, technology and outsourcing services, in partnership with the MIT Sloan Management Review, announced the key findings of the study Embracing Digital Technology: A New Strategic Imperative (Welcoming Digital Technology: A Strategic Imperative, in Portuguese), involving more than 1500 executives from 106 countries.
 
According to the study, 78% of respondents believe that digital transformation will be essential for their organizations in the next two years. In companies where digital transformation is a permanent topic on the executive agenda, 81% considers that it will bring competitive advantages to their companies. However, 63% stated that the pace of this change is too slow in their institutions.
 
Among the main points of the study are:
 

  • Engage the organization – Competitive priorities and lack of digital skills are the two main challenges for execution. 
  • Align senior management and make them commit to digital transformation – Lack of urgency or identifying a dire need was the most cited organizational barrier. Additionally, only 36% of senior executives shared their digital transformation vision with their employees, but those who shared received support from 93% from employees. 
  • Making the case for digital transformation – About half of organizations create businesses to justify digital investments. 
  • Implement proper governance structures – 40% claims they had no formal governance practices to deal with digital transformation and only 26% use KPIs (Key Performance Indicators) to monitor progress. 
"The situation clearly shows that the leadership of companies needs to act. Senior executives have an essential role for digital transformation to take place, as only they are in a position to overcome some of the biggest barriers, such as developing and communicating a vision and driving change through functional locations. Opportunities to improve business performance through digital transformation are clear, but execution is difficult. However, the only mistake in terms of digital transformation is not taking a stand." comments Capgemini Consulting Senior Vice President and Global Leader Didier Bonnet.
 
The full survey can be accessed at www.capgemini-consulting.com.

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