Publicis.Sapient, a global digital transformation platform, today released a report in partnership with FORTUNE Knowledge Group that defines and measures the tangible impact of digital business transformation on organizations succeeding in today’s digitally connected world.
The insights in the report, titled “Executives Reveal the Impact of Digital on Business Transformation,” were gleaned through research conducted in partnership with FORTUNE Knowledge Group and assesses the degree of transformation and the digital maturity of 500 leading global organizations as it relates to 32 specific innovations across six key areas of transformation. It also examines how digital leaders — those who take a holistic view of digital transformation across our criteria — differ from their less advanced counterparts in terms of operations, structure, technological capabilities, customer value and vision.
“In pursuit of transformation, many executives seek to understand the benefits and opportunities created by a wide range of transformation activities – from the complete reinvention of their business model to smaller, incremental enhancements to operations or customer experience,” said Nigel Vaz, CEO – Publicis.Sapient International and Digital Business Transformation Lead at Publicis Groupe. “By analyzing the successes of real world businesses, we’re not only able to define successful transformation in the digital age, but also articulate the tangible benefits for businesses and how leaders can take steps today to begin unlocking them.”
Given the speed at which the competitive landscape is changing, the research highlights a need for leaders to rapidly transform traditional businesses of the past into digitally mature businesses equipped for tomorrow, or risk being overtaken by more nimble competitors.
The analysis revealed seven key findings that collectively illustrate how digital maturity impacts profitability, customer-centricity and talent:
- Digital transformation maturity is linked to profitability.
- Digital transformation efforts are those that put the customer at the center of the business model; a focus on customer experience is rewarding regardless of where you sit on the transformation continuum.
- Transformation relies on creating a connected digital enterprise.
- Digital leaders understand the value of rapidly realizing transformative strategies.
- Data complexity is the top obstacle for mature organizations’ transformation efforts; leading firms are using AI, machine learning and other methods.
- The rapidly changing competitive landscape is a key driver behind most digital transformation strategies.
- Digital transformation requires a clear vision and dedicated resources.
“In the era of digital disruption, the C-suite is increasingly grappling with how to transform their businesses in order to meet the demands of today’s consumers,” said Carolina Stavrositu, Executive Director, B2B & FORTUNE Knowledge Group, The Foundry @ Time Inc. “Teaming up with Publicis.Sapient, we aim for this report to help executives not only understand the value of transformation, but how to make it happen for their businesses.”
The report outlined key recommendations for leaders to guide relevant parties – customers, employers, suppliers and the C-suite – along the transformation journey.
Source PR Newswire