The performance gap between ‘digital champions’ and laggards is widening, and digital’s continued contribution to company performance means that gap will likely grow. But any company can improve. BCG reports that 25% of the companies they surveyed qualify as champions.
The convergence of these technologies (blockchain, machine learning, etc) with IoT has created a multiplier effect by building further strength and adding new capabilities in the connected ecosystem, thereby, enabling these enterprises to re-visualize their businesses.
via Everest Group
At a time when companies are competing to become the most sought-after digital platforms, outside-the-box-thinking and creativity become bankable advantages. More recently still, businesses are discovering the very real risks of not keeping pace with evolving societal conversations.
Different technologies in different parts of the technology adoption life cycle, when combined, could fundamentally change the way resources are allocated and international trade operates. Governments and businesses need to understand the current trends in order to stay ahead of the curve.
Digital growth tops the list of CEO business priorities in 2018 and 2019, according to the latest worldwide market study by Gartner. However, as growth becomes harder to achieve, CEOs are concentrating on changing and upgrading the structure of their companies — including digital business investments.