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 full survey can be accessed at www.capgemini-consulting.com.