Digital Transformation top Priority for Ceos, Says new Bt And Eiu Research

Digital Transformation top Priority for Ceos, Says new Bt And Eiu Research
13 September 2017 -
  • Digital Transformation top Priority for Ceos, Says new Bt And  Eiu Research
    Digital Transformation top Priority for Ceos, Says new Bt And Eiu Research Digital Transformation top Priority for Ceos, Says new Bt And Eiu Research

BT today announced the findings of new global research based on a survey conducted by the Economist Intelligence Unit (EIU) with 400 CEOs in 13 countries * throughout five continents, which exposes the crucial significance of digital transformation in multinational organisations. The research shows that almost 40 per cent of CEOs currently have digital transformation at the very top of their conference room program, with nearly a quarter of them personally leading their company's transformation programs.

There is a high level of self-confidence - amongst 3 quarters of CEOs evaluated - that their details programmes will assist them attain their calculated purposes, that include making functional efficiencies, boosting customer service and introducing for the future, with security as a key differentiator.

In spite of this, 86 per cent of CEOs run into difficulties in providing the ideal infrastructure on which their digital programmes count. They identify inflexible modern technology (43per cent), absence of modern technology abilities (40 percent) and safety issues (39 per cent) as the main obstacles in developing far better digital framework. CEOs highlight better assimilation, reliability, protection and cost performance as being one of the most important elements had to deliver the facilities which will certainly develop the digital business of the future.

When it concerns achieving their digital aspirations, more than a quarter of Chief executive officers regard security as a key differentiator. This view is especially common in consumer-facing industries, rising to nearly 50 percent for Chief executive officers that operate in the financial solutions industry. In spite of this, 22 percent of Chief executive officers view cybersecurity procedures as a 'required wickedness'. The findings recommend that, while CEOs really feel perceived safety dangers must not keep back their digital transformation progress, they nevertheless continue to check out safety and security as one of the chief obstacles and problems when thinking about a digital strategy.

Client service - and particularly the digital consumer experience - is seen by the survey respondents as extremely crucial, with 79 per cent of CEOs claiming they currently use a "good" or “excellent” digital client experience today. Nevertheless, obstacles stay in the form of insight into what customers really want and the technology skills needed to deliver this.

CEOs display a similar level of confidence in the digital experience of their employees, where their emphasis is on maintaining talented workers, raising innovation and minimizing costs.

The research study also exposed that Chief executive officers relate to the Internet of Things (IoT), cloud computing, mobile computing and social media as the innovation trends which are likely to have one of the most considerable impact on their organisations over the next a couple of years.

In summary, the research reveals that there is continual focus on digital transformation at the very top of global organisations. While confidence is high, the study likewise discloses locations that CEOs and CIOs need to work on together, largely around safety, framework, modern technology abilities and consumer insight. The opportunity to evolve services through digital innovation continuouslies grow and numerous organisations are proactively taking a look at the methods by which they could gain affordable benefit.

Bas Burger, CEO, Global Services, BT, said: "Our most recent research verifies that digital transformation has come to be a prevalent topic on the conference room agenda. It also shows that CEOs all around the world determine the skills lacks, lack of understanding right into what customers and staff members really want or need, and security as the major challenges to delivering an optimum digital experience. It's interesting that these are mostly human variables and it shows that digital transformation techniques should always be developed around people. We see this as a great support for BT to accelerate its own digitalisation, and are taking on board this new understanding making sure that our global portfolio is much more strongly positioned than ever before around the strategic purposes highlighted by our customers."

In addition to the research report, BT has actually produced a collection of whitepapers covering the concerns identified by the survey around the styles of safety and security, digital business, digital client and digital employee. These whitepapers consist of sensible referrals on just how customers could removal along their digital transformation journeys.

To learn even more and download that content, visit www.bt.com/digital-ceo.