78 percent of businesses consider digital start-ups a threat, according to a research by Dell Technologies.
73 percent say digital transformation could be more widespread. 9 in 10 Indian enterprises have witnessed the entrance of new competitors as a result of digital technologies.
62 percent of Indian enterprises are planning to invest over 30 percent or more of the 2016 IT budget in transformation projects. Less than 10 percent of Indian enterprises rate their IT teams as excellent.
Only a small minority of surveyed companies have almost completed their digital transformation.
While parts of many businesses are thinking and acting digitally, 73 percent admits digital transformation could be more widespread throughout their organization.
52 percent of business leaders have experienced significant disruption in their industries over the past three years as a result of digital technologies and the Internet of Everything, and 48 percent of global businesses don’t know what their industry will look like in three years’ time.
To advance their digital transformation:
# 73 percent agrees they need to prioritize a centralized technology strategy for their business
# 66 percent planning to invest in IT infrastructure and digital skills leadership
# 72 percent expanding their software development capabilities
# 36 percent businesses have created a full digital P&L
The survey was done by Vanson Bourne covering 4,000 business leaders — from mid-size to large enterprises — across 16 countries and 12 industries, 300 from India.
India survey result
Over 90 percent of enterprises have experienced disruption, and 26 percent don’t know what their industry will look like in three years.
Over half the enterprises in India who are digital leaders are being driven to transform by customer demands, while 42 percent are feeling the pressure from their own C-Suite. 9 in 10 have witnessed the entrance of new competitors as a result of digital technologies.
Obstacles on the digital transformation include immature digital culture for 33 percent, lack of budget and resources for 30 percent, and lack of right technologies to work at the speed of business for 32 percent. 43 percent don’t measure their digital transformation success.
62 percent are planning to invest over 30 percent of the 2016 IT budget in transformation projects. Investment areas include converged infrastructure (80 percent), analytics, big data and data processing (78 percent), ultra high-performance compute technologies (82 percent) and next generation mobile apps (76 percent) in the next 12 months.
About 93 percent are investing in company-wide data-driven decision-making, and 88 percent are focused on equipping themselves with always-connected, sensor-enabled and location-aware technologies.
87 percent face an ongoing need to invest in reskilling their internal IT teams to support transformation. Less than 10 percent rated the internal skills for digital transformation as excellent.
“While transformation is not pervasive, it is critical for organizations to follow the leaders and adopt practices that can enable them to ride the wave of the fourth Industrial Revolution,” said Rajesh Janey, president and managing director, India Enterprise at Dell EMC.