“As organizations tackle more large-scale strategic initiatives like digital business transformations and rely increasingly on multiple functions and business units (BUs) to execute those strategies, three dynamics complicate strategic execution.”
About 68% of midsize CIOs expect to increase investment in information technology in 2019 over 2018, according to Gartner. Some technologies could have a wide-ranging impact and amplify business capabilities.
“Of the 2000 service providers IDC surveyed, there was an increase of $3.2 billion in incremental revenue in 2018 over 2017. Which means if optimism proves accurate, 2019 could see close to $4 billion for this group of companies.”
European companies are forecast to spend $399 billion on IT in 2019. More than half of that spending (58.9%) will come from the IT budget, while the remainder (41.1%) will come from the budgets of technology buyers outside of the IT organization.
In a recent survey, 90% of C-suite executives said they paid attention to employee needs when introducing new business technology. Yet only about half of their workers agreed. This scenario typically translates into lost productivity.
“Once they’ve laid the business objectives and building blocks groundwork, enterprises can develop their digital transformation analytics roadmap. In order to achieve the desired business outcomes from the analytics process, they need to embrace a structured, five-step iterative approach.”
via Everest Group