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Research Outline
Prepared for Aran B. | Delivered November 19, 2019
Digital Transformation Success
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Goals
To understand what ratio of enterprises have achieved their digital transformation (DX) objectives and what they did to be successful.
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Early Findings
A McKinsey report found that only
16%
of companies say their DX have improved performance. 7% more say they saw some improvement but it was not sustained.
Digitally-savvy industries have slightly higher success rates, though not exceeding
26%
. More traditional industries, however, report around 4-11% success rates with DX.
Digital transformation tends to be
more successful
at smaller companies.
70% of companies say they either have a DX strategy in place or are "
working on one
".
One expert believes
only 1 in 8 (12.5%) of Forbes Global 2000 companies have been successful with their DX.
One survey found
18%
of organizations rated their DX as "very effective".
IDC predicts that
40%
of DX initiatives will be supported by AI.
Toptal
identifies six elements to a successful DX: leadership, boldness, agility, data focus, adaptivity and tech-driven talent.
In addition to this public search, we scanned our proprietary research database of over 1 million sources and were unable to find any specific research reports that address your goals.
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