Nearly all IT leaders have DX projects underway

More than four in five (81%) IT decision-makers agree that IT transformation will be essential for remaining financially and strategically competitive, yet 88% are still on the journey to transformation.

These are among the key findings of a survey of IT leaders across 16 major markets including Australia, conducted by Enterprise Strategy Group on behalf of Dell EMC and Intel.

The survey found that while 96% of respondents have digital transformation initiatives underway, 88% are transforming IT at a minimal to moderate pace, and the same proportion say their organisations are under pressure to deliver new products and services at an increasing rate.

The majority of the 4000 participating organisations were in the first two stages of IT transformation maturity, with 6% at the first legacy stage and 45% at the second emerging stage — showing progress in IT transformation but having minimal deployment of modern data centre technologies.

A further 43% of organisations are at the evolving stage — showing commitment to IT transformation and having a moderate deployment of modern data centre technologies and IT delivery methods — with just 6% at the transformed stage.

The survey found that companies at the transformed stage were 22 times more likely to get new products and services to market ahead of the competition, 2.5 times more likely to believe they are in a strong position to compete in their markets and 2 times as likely to exceed their revenue goals.

Transformed organisations are also able to reallocate 17% more of their IT budget towards innovation, complete three times more IT projects ahead of schedule and complete 14% more IT projects under budget.

“Australian businesses are under pressure to deliver new products, services and innovation faster than ever before while working with increasingly stretched budgets,” Dell EMC ANZ Leader for the Commercial and Public Sector Angela Fox said.

“With IT driving the innovation needed to succeed, it’s essential business leaders view IT transformation as a strategic priority. Through modernised technology, automated processes and transformed organisational dynamics, businesses can ensure they are ready for the next wave of innovation.”

Image credit: ©stock.adobe.com/au/vectorfusionart

Follow us and share on Twitter and Facebook