Only one out of five organizations globally have implemented a digital strategy that encompasses the whole company, according to a new report released by SAP SE (NYSE: SAP) and The Economist Intelligence Unit (EIU).
The report, titled “Digitizing IT,” found that there remains a significant gap in organizations preparing for and implementing a digital strategy that fully integrates strategic, financial and operational elements. Organizations in the Asia-Pacific region lead the way in enterprise-wide digital strategies, with nearly one in three companies reporting significant progress on this front.
The survey, based on responses from 812 senior executives at multinational corporations, examined the challenges and opportunities facing IT departments within the context of digital. Nearly half of those surveyed (49 percent) were IT executives, and the remainder came from a range of departments including sales, marketing, HR and finance.
“Digital transformation is the new strategic imperative — no longer just a handy source of competitive differentiation but a must-do for every company, in every industry and across every geography,” said Thomas Saueressig, chief information officer at SAP. “Forward-looking CIOs understand that they need to change their roles from ‘keeping the lights on’ service providers to ‘leaders of innovation.’ This is easier said than done, but there is a positive correlation between the early involvement of IT and meaningful success rates of digital transformation initiatives — so the first step is the most important one.”
Additional findings, broken out by regional differences, include:
Priority and scope of digital transformation initiatives
The role of IT in digital transformation
How IT can better support digital initiatives