Digital Transformation Unlocks the Ways to Succeed

To keep up with the rapidly changing technological environment, companies need to adjust their structure to support agility. And the way where businesses travel around to change their processes called digital transformation.

In a Zigurat Innovation & Technology Business School study on digital transformation, over 85% of companies are deploying digital transformation processes. Conversely, 15% who acknowledged not having started their path towards digitalization yet.

Studied in collaboration with the consultancy Setesca, the business school surveyed 307 companies from Spain, Canada, U.S., Austria, Switzerland, Italy, Great Britain, and Colombia.

Most Implemented Digital Solutions

According to this survey, companies who implanted digital solutions to drive smoothly their business processes reported:

•  69.6% of respondents surveyed, Big Data tops at first.

•  56.5% of respondents prioritize Cloud Computing

•  52.2% of respondents surveyed show CRM (Customer Relationship Management) solution considered by most companies.

•  With 34.8%, artificial intelligence has made a niche for itself in the digital arena of several companies.

The Anatomy of Digital Transformation

While the stages of digital transformation implementation vary largely based on the needs and goals of a business, it also requires to have an impact on that company who deployed a digital solution.

The Zigurat Innovation & Technology Business School study reveals that 50% of respondents believe in 'Training in management', while 30.8% consider 'technical competencies' that could resolve the gap between a potential market requirement and the availability of professionals prepared to meet it. On the other hand, 33.3% says 'predictive systems' and 22.2% acknowledge 'Blockchain technology' have the greatest impact on their current clients.

The study, titled "Future of Jobs in the Digital Era", surveyed to know the impact of the digital transformation in the labor market and on new emerging professional profiles. It found the majority of respondents, with 96.3%, acknowledge that the digital tools and processes implementation will enhance the company's outcomes in the short and medium term. While 62.5% of companies have invested over 100,000 euros to implement digital processes, no one fears that automation can vanish their profession entirely.

However, on this subject, 50% of those surveyed envisage between 0%-25% of their tasks will be automated sooner rather than later, while 32.5% see between 25%-50% of their functions automated in the near future. And the rest 17.9% suppose between half and 75% of their tasks will be automated in the near future.

In short, the success of digital transformations in organizations worldwide is largely contingent on making good digital transformation decisions. To stride towards digital scenario, a company needs to shift from traditional management practices and actives to more dynamic setups. Eventually, digital transformation encompasses a change in a company's culture and hierarchy. So, whether a transformation effort has succeeded or not, organizations lean towards to look inward when making such changes.