CEOs Can Steal from Digital Transformation Challenges

Digital transformation can be a great way for companies to improve their operations and become more efficient. However, there are some challenges that companies need to be aware of in order to make the most of it. For example, resistance to change can be a big obstacle to overcome. Additionally, finding the right skill set can be difficult, and compliance concerns can slow down initiatives. Finally, measuring the ROI of digital transformation can be tricky. However, if companies are aware of these challenges and take steps to avoid them, they can reap the benefits of digital transformation.

1)?????It's good to see that companies are starting to see digital transformation as an investment, rather than a cost center. However, there are still some challenges that need to be overcome. It can be difficult to prove the ROI of digital transformation, and there can be resistance to change from some employees. Additionally, legal and compliance concerns can also be a roadblock. But overall, it's encouraging to see that companies are starting to see the value in digital transformation.

2)?????According to a survey conducted among retailers, the biggest challenge overall is the complexity of the implementation, with more than three quarters (76%) rating it as somewhat challenging or highly challenging. Other key challenges are the availability of talented staff (75%), upfront costs (75%), the time necessary to achieve benefits (75%), and security and privacy concerns (74%). (Fujitsu).

It's good to see that retailers are aware of the challenges they face with implementing new technologies. It's important to identify these challenges so that they can be addressed. Hopefully, with the right resources and planning, these challenges can be overcome.

3)?????A recent survey of employees found that the most common obstacle for digital transformation was the CEO at 35%. This is a positive development, as it indicates that CEOs are beginning to take responsibility for digital transformation within their companies. This is a necessary first step in order for digital transformation to be successful. (Futurum)

4)?????More than a third of CIOs are anticipating difficulty in finding appropriate skillsets in the tech areas of cybersecurity and data science, according to IDG. This is a positive development, as it indicates that more companies are beginning to invest in these important areas. However, it also highlights the need for more training and development in these areas in order to meet the demand. (IDG)

I'm glad to hear that 45% of executives are looking to implement digital transformations in their companies. It's the right move to stay competitive in today's business landscape. The right technology can make all the difference in a company's success. (PwC)