Large firms ill prepared for the digital future
Dell EMC survey reveals only five percent of large companies are prepared to meet IT requirements of the new digital business
Dell EMC announced the results of a new study conducted by Enterprise Strategy Group (ESG), which revealed that a majority of senior IT leaders and decision-making managers of large companies surveyed around the world indicate their organisations have yet to fully embrace the aspects of IT Transformation needed to remain competitive.
While there is a clear imperative for companies to transform their legacy IT, digital transformation is becoming the driving force to making IT Transformation a top priority. However the ESG 2017 IT Transformation Maturity Curve study commissioned by Dell EMC shows 95%of survey respondents indicate their organisations are at risk of falling behind a smaller group of industry peers that are transforming their IT infrastructures, processes and delivery methods to accelerate their goals of becoming digital businesses.
Many organisations still measure application cycle times in months, if not years; have siloed infrastructures; and continue to grapple with rigid legacy architectures – all barriers to undertaking a successful digital transformation.
“These findings mirror how the vast majority of customers are telling us they need to optimise their existing infrastructures to take advantage of digital-age opportunities,” said Mohammed Amin, senior vice president, Middle East, Turkey and Africa at Dell EMC. "However, the research shows that most respondents are falling behind a small and elite set of competitors who have cracked the IT Transformation code, and they’re competing more vigorously because of it. As organisations progress in their IT Transformation investments, they can overcome the conflict between legacy IT and digital business initiatives to realise their goals, speed time to market and increase competitiveness.”
The ESG 2017 IT Transformation Maturity Curve study was designed to understand the role that IT Transformation plays towards becoming a digital business. ESG employed a research-based, data-driven maturity model to identify different stages of IT Transformation progress and determine the degree to which global organisations have achieved those different stages based on their responses to questions about their organisation’s on premise IT infrastructure, processes and organisational alignment.
Among major takeaways of the survey include,
- 71%of firms agree they will not be competitive without IT Transformation
- 95%of survey respondents are falling behind an elite set of competitors who are accelerating their digital business goals through IT Transformation
- More mature organisations are seven times more likely to recognise IT as competitive differentiator and profit centre
- 96%of more mature organisations exceeded revenue targets last year and were more than twice as likely to meet revenue goals