Friday, February 28, 2020
News

Businesses face digital ceiling in their transformation progress: Infosys

   SocialTwist Tell-a-Friend    Print this Page   COMMENT

Davos | January 22, 2020 3:11:20 PM IST
Businesses globally face a digital ceiling when it comes to digital transformation, according to new research from Infosys Knowledge Institute (IKI), the thought leadership and research arm of Infosys.

The study shows that businesses must change their mindsets to achieve sophisticated levels of digital maturity.

Infosys Digital Radar 2020 assessed the digital transformation efforts of companies on a digital maturity index and found year-over-year progress in basic areas, like digital initiatives to improve a company's efficiency.

However, most companies come up against a digital ceiling when trying to achieve the most advanced levels of maturity.

The report, which surveyed over 1,000 executives globally, ranked the most digitally advanced companies as 'visionaries' followed by 'explorers' and then 'watchers.'

Companies know how to achieve moderate transformation success, with an 18 per cent increase in companies progressing this year from the lowest tier of watchers to the middle explorer tier.

However, explorers struggled to move into the top visionary cluster, with the top tier remaining the same, indicating a digital ceiling to transformation efforts.

"Faster, better and cheaper technology alone will not provide the improvements enterprises need," said Salil Parekh, CEO and Managing Director at Infosys.

"Our research has shown that companies which can keep pace with digital transformation are those that design digital initiatives to improve customer experiences and empower their employees, differentiating themselves and propelling their business to the most advanced levels of progress," he said.

Jeff Kavanaugh, Vice President and Global Head at Infosys Knowledge Institute, said this year's Digital Radar research showed significant progress across transformation initiatives.

"However, traditional programme models are not keeping up with the rapid pace of market change and companies face a distinct barrier in reaching top levels of digital maturity."

(ANI)

 
  LATEST COMMENTS ()
POST YOUR COMMENT
Comments Not Available
 
POST YOUR COMMENT
 
 
TRENDING TOPICS
 
 
CITY NEWS
MORE CITIES
 
 
 
MORE BUSINESS NEWS
RJio 4G, 5G networks have no Chinese par...
MP, Odisha top performers in digitising ...
Railways to run more trains from Bengalu...
India's Q3 GDP expected to inch up above...
Vodafone Idea seeks Rs 35 per GB as mini...
HPCL acquires 17.28% stake in Petronet M...
More...
 
INDIA WORLD ASIA
Twitterati pay homage to Chandrashekhar ...
Punjab's fiscal liabilities over Rs 1.95...
Sugarcane price in Haryana highest: Khat...
Not only democratic institution but judi...
Police meet with Aman Committee over rep...
SC moved for implementing law panel repo...
More...    
 
 Top Stories
Vodafone Idea seeks Rs 35 per GB as... 
MP, Odisha top performers in digiti... 
Bangladeshi student at Visva-Bharat... 
Railways to run more trains from Be... 
'Unforgettable': Melania Trump reco... 
Share pictures, footage on violence... 
Stage set for 'untouchable' Amulya ... 
Marathi learning made compulsory in...