Click "Read the original text" at the end of the article
Watch the ESG Research Insights white paper
Dell EMC has released the results of a new survey conducted by the Enterprise Strategy Group (ESG) to examine the benefits of IT transformation. The survey results demonstrate the importance of IT transformation, with transformed companies 22 times more likely to outperform their competitors, driving business differentiation, innovation and growth.
Today's business environment is full of disruption, and the vast majority of these changes are driven by companies that leverage technology in innovative ways. To survive and thrive in today's digital world, businesses are adopting new technologies, processes and skills to better meet changing customer needs. The most important first step in realizing this change is IT transformation: IT transformation can help companies bring products to market faster, remain competitive and drive innovation. According to ESG's 2018 IT Transformation Maturity Study commissioned by Dell EMC and Intel:
81% of respondents believe that if they do not embrace IT transformation, their business will lose competitiveness in the market, up from 71% in 2017;
88% of respondents said their businesses are under pressure to deliver new products and services faster;
Research data shows that in the process of introducing new products and services to the market, transformed companies are 22 times more likely to lead the competition than their competitors;
Companies that have achieved transformation are more confident that they will have a strong advantage and success in market competition in the next few years , and this confidence index is about 2.5 times that of companies that have not completed transformation;
Transformed companies are 18 times more likely than their competitors to make faster, more informed data-driven decisions and 2 times more likely to exceed revenue targets.
Jeff Clarke, vice chairman of products and operations at Dell Technologies, said: "Data is the new competitive advantage - it is widely distributed at the edge, in the core data center and in the cloud. Businesses are realizing that they need to act quickly to transform data into For business intelligence - this requires an end-to-end IT infrastructure that manages, analyzes, stores and protects data anywhere. We are committed to driving better business outcomes and giving our customers peace of mind Turn end-to-end strategies into reality and drive disruptive innovation.”
ESG 2018 IT Transformation Maturity Survey
The 2018 IT Transformation Maturity Survey is the second related survey released by Dell EMC after the groundbreaking ESG 2017 IT Transformation Maturity Survey commissioned by ESG. provides insights into the business benefits and the role key technologies are playing in IT transformation. ESG used a research-based, data-driven maturity model to define the different stages of the IT transformation process, and based on respondents' responses to questions about their organization's adoption of modern data center technologies, automated IT processes, and the dynamics of transforming organizations, Identify the different stages of transformation that MNCs are in.
John McKnight, vice president of research at the Enterprise Strategy Group, said: “IT transformation will be one of the key drivers of today’s businesses having to be nimble enough to remain competitive and drive growth. Clearly, there is a growing resonance among businesses about IT transformation. Executives see how progress in IT transformation is key to overall business strategy and competitiveness. While transformation takes a lot of effort, our survey results show that 'transformed' companies have achieved significant business success Progress, which includes being more likely to be ahead of competitors when bringing new products and services to market, being able to make better and faster data-driven decisions than competitors, and exceeding their revenue goals.”
The 4,000 companies surveyed this year are grouped into the following stages of this IT Transformation Maturity:
Stage 1 – Traditional (6%) : Many dimensions (but not all) are not satisfactory under the IT transformation criteria of the ESG survey;
Stage 2 – Emerging (45%) : Progress in IT transformation, but very little deployment of modern data center technologies;
Stage 3 – Evolution (43%) : Are committed to IT transformation and moderate deployment of modern data center technologies and IT delivery methods;
Stage 4 - Transformation Achieved (6%) : Has taken the longest run in IT transformation initiatives.
This year's survey results show that companies are making progress in IT maturity and that transformation is generally considered a strategic imperative.
96% of respondents said they are undergoing a digital transformation – whether in the planning stage, beginning to deploy, in progress, or in the maturity stage;
Those who reached the "Transformed" stage were 16 times more likely to undertake a mature digital transformation project than traditional companies ; (66% vs 4%)
Transformed companies are more than twice as likely to have exceeded their revenue targets in the past year than traditional companies ; (94% vs 44%)
84% of respondents with mature digital transformation initiatives say they are in a strong or very strong position to compete and succeed.
IT transformation maturity can accelerate innovation, drive growth, improve IT efficiency, and reduce costs. More specifically in:
Transformed companies were able to reallocate 17% of their IT budget to innovation;
Transformed companies are able to complete 3 times more IT projects than originally planned , and increase the odds of deploying the vast majority of applications ahead of schedule by 10 times;
Transformed companies also reported that they completed 14% more IT projects within budget and spent 31% less on business-critical applications.
Making IT transformation and digital transformation come true
Companies such as Rio Grande Pacific in Texas have experienced first-hand the benefits of IT transformation. The company has transformed from a railroad holding company -- moving and handling rolling stock -- to a provider of technical services to other short-distance rail and commuter operations. Rio Grande Pacific undertakes IT transformation to support its strong growth. By modernizing its data centers, the company has increased service speeds tenfold, reduced data center power usage by 93 percent, greatly improved rack performance and provisioning times, and created a new business—“RIOT” applications (or Railway Internet of Things).
"In a 150-year-old industry, we recognize that the future of railroads is closely tied to technology," said Jason Brown, CIO of Rio Grande Pacific. "Railroads need real-time information to make quick decisions. By integrating multiple systems into a single In the dashboard, the RIOT business provides customers with a holistic view to help ensure trains are running on time. The new service with state-of-the-art technology sets Rio Grande Pacific apart from the competition and brings strong growth to its business."
Israel's oldest major bank, National Bank of Israel, is also experiencing the benefits of an IT transformation that made its mobile bank, Pepper, a reality. The bank plans to create a platform that provides a better customer experience to reach and reach a new generation of customers faster. To achieve this plan, companies need a faster, more flexible infrastructure and begin to take full advantage of hybrid cloud models and software-defined data centers. IT transformation allowed them to move code from development to production in hours—not weeks—and set up new environments faster and at a lower cost, ultimately helping them put Bringing innovative products to market.
Ilan Buganim, Chief Technology and Chief Data Officer, National Bank of Israel, said: "We are in an era of digital disruption, where customer needs and expectations are changing rapidly. As a bank, we must constantly adapt ourselves to continue to provide our customers with an exceptional experience, and we seize the presented an opportunity to do this with the new mobile banking Pepper. The move to a hybrid cloud model and software-defined data center environment provides the infrastructure needed for real-time banking, with the ability to run quickly to significantly reduce the time it takes to deliver new capabilities. time to make this new customer experience possible.”
Click "Read the original text" at the end of the article
Watch the ESG Research Insights white paper
Related Articles Guide
↓↓↓Finance on the front line丨Haitong Securities to be a "smart broker"
Finance on the Frontline丨How to create a financial service architecture in the digital age?
Mobile management becomes another decisive game in enterprise digitalization
Click to read the original article to view the ESG Research Insights white paper