Infographic: Are businesses really digitally transforming or living in digital denial?

Progress survey finds businesses have under two years to make digital inroads before suffering financial and competitive losses.

“Digital disruption is now part of our daily existence as it has changed how we live, communicate and work. Yet, many organisations in Singapore continue to deny that digital technologies have already radically transformed the business landscape and struggle to embark on the transformation journey, consequently risking their survival,” said Benjamin Wong, Managing Director, Asia, Progress.

“Digital disruption is now part of our daily existence as it has changed how we live, communicate and work. Yet, many organisations in Singapore continue to deny that digital technologies have already radically transformed the business landscape and struggle to embark on the transformation journey, consequently risking their survival,” said Benjamin Wong, Managing Director, Asia, Progress.

Progress today announced the results of its recent global survey, “Are Businesses Really Digitally Transforming or Living in Digital Denial?”.

While most businesses in Singapore and other markets around the world recognise the inherent benefits of “going digital,” the majority of respondents are hitting roadblocks—lack of internal alignment, lack of adequate skills and plenty of cultural resistance.

“This survey brings to light the reality of today’s digital transformation challenges. By providing business leaders with tangible data points, we hope they will better understand the key aspects to focus on in order to succeed in the changing business landscape,” added Wong.

“This survey brings to light the reality of today’s digital transformation challenges. By providing business leaders with tangible data points, we hope they will better understand the key aspects to focus on in order to succeed in the changing business landscape,” added Wong.

Coupled with technology constraints and an overall inability to execute, the result is a growing state of anxiety about embarking on digital transformation, with some fearing it may already be too late.

The survey, conducted in Q1 2016 by Loudhouse, the specialist research division of Octopus Group, aimed to better understand how business leaders view digital transformation and learn their plans to address its challenges.

Respondents included individuals from 10 countries including Singapore, Australia, United Kingdom and the United States.

Survey respondents included a mix of more than 700 global C-Level/VP decision makers; heads of marketing, digital and IT; as well as developers, IT architects, directors, engineers and line of business managers.

These individuals represent organisations ranging from SMBs through large global enterprises.

Other top challenges listed by global respondents included high reliance on IT and lack of a centralised digital strategy.

This infographic was produced by Progress Software Corporation. The extensive report provides a full analysis of how business leaders view digital transformation and their plans to address its challenges.

This infographic was produced by Progress Software Corporation. The extensive report provides a full analysis of how business leaders view digital transformation and their plans to address its challenges.

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