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Digital Transformation: A Defining Challenge that Will Determine the Future for Business
“Digital is the defining challenge for today’s generation of CEOs. And the decisions they make will determine whether their businesses thrive or fade,” according to a recent online whitepaper by McKinsey.
Here are some of the results from a recent AIIM study on how digital transformation is affecting businesses.
What benefits are gained by migrating to an all-digital platform?
- 55 percent of businesses say that cost and productivity are the biggest drivers
- 53 percent say that better information sharing and collaboration are important reasons
Which groups in businesses are driving digital transformation?
- IT is behind it in about half of businesses
- Cxx executives are responsible in about a third of businesses
What segments of digital technologies are businesses focusing on?
- Analytics tops spending for digital technology. Businesses plan to increase spending on analytics by 46 percent
- The second ranked area for spending is the cloud with an increase of spending by 33 percent
- 29 percent also plan to increase spending on workflow and auto-classification tools
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[…] Digital Transformation: A Defining Challenge that Will Determine the Future for BusinessFormtek Blog (blog)“Digital is the defining challenge for today’s generation of CEOs. And the decisions they make will determine whether their businesses thrive or fade,” according to a recent online whitepaper by McKinsey. Here are some of the results from a recent AIIM … […]