‘Digital transformation is dead. Long live business agility.’
This is the title of our new report which urges businesses to focus on creating a culture and technology environment which enables them to respond quickly to opportunities and threats.
The new research, published by London Research in partnership with Paragon DCX, finds that less than half of large companies (44%) have fully established the culture and business mindset required to take advantage of the opportunities afforded by digital technology.
The report also shows that sponsorship from the CEO and company leadership team is critical for ongoing investment in digital initiatives, and this typically depends on demonstrating commercial value in the form of tangible financial benefits.
Lack of support will stifle investment in technology and skills, reduce the organisation’s appetite for risk, and compromise its willingness to drive the cultural change required to support constant digital evolution.