60% of organizations trapped in a digital deadlock
Friday, 04 26 2019, Category: Technology, Country: World
Gulf Business Machines, in partnership with International Data Corporation (IDC), has released a study highlighting the need for organizations to overcome the organizational and technology barriers in the path of their digital transformation. The whitepaper titled ‘Breaking the Deadlock and Accelerating Digital Transformation’, released at GBM’s inaugural DX Summit, explains the ‘digital deadlock’ organizations face and identifies specific strategies to revitalize their digital transformation projects.
Based on recent studies done by IDC, it is expected that by 2022, more than 60% of the global economy will be digitized. Global IT-related spending on digital transformation is also expected to reach $7.5 trillion. According to IDC's CIO Survey 2018, 53% of large enterprises in the Gulf countries (excluding Saudi Arabia) are currently undergoing digital transformation, while 19% are about to commence, and another 25% are planning their digital transformation. Regionally, the public sector organizations are leading the way, driven by federal and state-level transformation strategies. The banking, retail, healthcare, telecommunications and oil and gas companies have also initiated digital transformation projects.
However, the whitepaper indicates that nearly 60% of organizations globally are trapped in a 'digital deadlock'. While many organizations are able to execute relatively smaller digital projects within departmental or functional silos, a large proportion of them are unable to move beyond these ad hoc digital projects and scale transformation across the organization.