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Digital Transformation Facts #1

1. Value from Digital Transformation – “39% of Executives expect their organisations to get the most value out of initiatives in 3-5 years.”

2. Digital Skills Gap – “In the future, 9 out of 10 jobs will require digital skills. 44% (169m) of Europeans between 16 and 74 years do not have basic digital skills.”

3. What will the Future Organisations Look Like? – “Shape-shifting organizations of the future will be designed to include: a matrix core, expertise-as-a-service, robots, fluid multiskilled teams, AI-led decisioning, vibrant ecosystems and purpose-led leadership.”

4. CIOs about Artificial Intelligence – “47% of Chief Information Officers say that need new skills to implement Artificial Intelligence.”

5. Importance of Multi-cloud Strategy – “70% of enterprises will use a multi-cloud strategy by 2019 compared with less than 10% in 2017.”

6. Digital-first Business Strategy Adoption – Industries – “89% of enterprises have plans to adopt or have already adopted a digital-first business strategy with Services (95%), Financial Services (93%) and Healthcare (92%) leading all industries.”

7. Digital Business Strategy Adoption – Startups vs. Traditional Enterprises – “55% of startups have already adopted a digital business strategy compared to 38% of traditional enterprises.”

8. Global Healthcare IT Market – “Global healthcare IT market is projected to reach $280.25bn by 2021, up from $134.25billion in 2016, representing a compound annual growth rate of 15,9%.”

9. Millennials Losing Trust about Corporations’ Ethics – “Only 48% of Millennials now believe corporations behave ethically vs. 65% last year.”

10. Digital Transformation Barrier – Culture – “46 percent of CIOs identified culture as the largest barrier to realising the promise of digital business.”