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Why Digital Transformation is now on the CEO’s shoulders
Transformation has emerged as among the most important issue of our times for CEOs.
Whether their companies can withstand sweeping technological disruption, leverage artificial intelligence and pursue a new vision for the company as a digital leader has become a key determinant of success in this era for leaders in legacy industries that range from agriculture to oil exploration, from banking to manufacturing.
The companies that have bridged the “digital divide” are generating net income that is 15 percent higher than peers.
70 percent of companies either have a digital transformation strategy in place or are working on establishing one to stay competitive.
Research shows more than two-thirds – 68 percent – believe the future of business will involve people and AI working collaboratively.
Eighty percent of those who have implemented digital transformation technologies, say they are able to deliver new value for smart, connected products throughout their lifecycle.
Stats On Digital Transformation And Customer Experience
85% of enterprise decision-makers say they have a time frame of two years to make significant inroads into digital transformation or they will fall behind their competitors and suffer financially.
34% of companies have already undergone a digital transformation.
44% of companies have already moved to a digital-first approach for customer experience.
75% of consumers are more likely to make a purchase from a company that knows their name and purchase history and recommends products based on their preferences.
79% of consumers have made a purchase using a mobile device in the last six months.
More than 40% of all data analytics projects will relate to customer experience by 2020.
Digital Trends: Technology News, & Operational Thought Leadership
Are You Prepared For The New Year
In an age dominated by the consumer, implementing technology that can track, measure and respond to key shifts in consumer behavior could well make or break a business. Automation and AI are supplementing the workforce to provide greater levels of efficiency an insight and customer obsession is the foundation of organizational success
Biggest Technology Trends In 2020 Everyone Must Get Ready For Now. AI-as-a-service. Artificial Intelligence (AI) is one of the most transformative tech evolutions of our times. 5G data networks. Autonomous Driving. Personalized and predictive medicine. Computer Vision. Extended Reality. Blockchain Technology.