Businesses consider digital start-ups a threat, either now or in the future.
Specific to India, Dell Technologies conducted a study (DRIVING OUTCOMES FROM DIGITAL TRANSFORMATION – INDIA INC. APPROACH) to understand what 150 digitally mature organizations are doing differently, in partnership with Greyhound Research.
“Over and beyond reassessing business models and competitive landscape, CXOs are now required to include Digital Transformation as a frontrunner in their growth agenda. Winning in this era will not only require agility; it will require organizations to be bold and explore new ways of doing business that have traditionally been out of their purview. Having said that, while investments in Digital Transformation are already underway – the study confirms that 63% large organizations in India are investing in IT infrastructure & digital skills to compete with start-ups – envisioning and measuring outcomes is a critical success factor to ensure continued relevance to global markets”, said Sanchit Vir Gogia, Chief Analyst and CEO, Greyhound Research.
Key India Findings:
Disruption is new normal: Over 90% of enterprises have experienced disruption, and 26% don’t know what their industry will look like in three years.
Transformation drivers: Over half the enterprises in India who are digital leaders are being driven to transform by customer demands, while 42% are feeling the pressure from their own C-Suite. 9 in 10 have witnessed the entrance of new competitors as a result of digital technologies.
Barriers to progress: Obstacles on the digital transformation journey include immature digital culture for 33%, lack of budget and resources for 30%, and lack of right technologies to work at the speed of business for 32%. Nearly half (43%) don’t measure their digital transformation success.
Focus on converged infrastructure, analytics: 62% are planning to invest over 30% of the 2016 IT budget in transformation projects. Investment areas include converged infrastructure (80%), analytics, big data and data processing (78%), ultra high-performance compute technologies (82%) and next generation mobile apps (76%) in the next 12 months. About 93% are investing in company-wide data-driven decision-making, and 88% are focused on equipping themselves with always-connected, sensor-enabled and location-aware technologies.
IT skills insufficient: 87% face an ongoing need to invest in reskilling their internal IT teams to support transformation, yet half of them rated available training resources internally as fair to average. Less than 10% rated the internal skills for digital transformation as excellent.
Opportunity for partners: 86% of them are relying on system integrators, value added resellers, consultants and other partners to help them on their journey. About 66% of respondents felt that partners add value in explaining the offering, while 39% seek external assistance for training.
Source: Hindu Business Line | Channel Drive | CIO.in | IndianWeb | Data Quest | India Infoline | SME Channels | IT News Online | Core Communique | Window To News | Ten News | Andhravilas | Technuter | News Kerala | NewsX |Sify News | Daily World | Yahoo News | WebIndia123 | Indian Weekender | The People Post | Seattle Indian | LA Indian |