itb-au logo
Story image

Lack of C-suite and IT teams collaboration holding back DX - NTT

07 Aug 2019

According to NTT Ltd.’s 2019 Digital Means Business Report, 11% of organisations are highly satisfied with those in charge of spearheading digital transformation, despite the fact that almost three-quarters of them are already underway on their journey.

Organisations worldwide are achieving some success with digital transformation, but there’s still a strong belief that this evolution requires radical, far-reaching changes to achieve success.

This, when combined with a lack of strong transformational leadership and focus on the need to change people, is holding many companies back:

  • Some 71% of organisations in the early stages of transformation still believe a complete restructuring of the business and operating model is the primary definition of digital transformation.
  • Only 49% of respondents believe their leadership team has the right skills to manage the execution of digital transformation.
  • Lack of executive sponsorship or ownership is ranked as the top barrier to success.

This shortfall highlights the need for business leaders to change themselves, build a different environment, and set new behavioural priorities and performance indicators in order to drive a more proactive, tactical, and incremental approach to transformation.

The research also revealed there’s a direct correlation between organisations’ ability to realise relevant, outcome-driven value from digital transformation on a regular basis, and their digital maturity.

Yet, there still exists a discernible lack of alignment between IT teams and the wider business:

  • Only 29% of organisations are embracing digital transformation as a collaborative effort between business and IT.
  • While 42% of respondents say business and IT are delivering in a more integrated manner, supported in part with the introduction of a Chief Digital Officer function, only 12% are highly satisfied that planning is flowing effectively through to execution.
  • Almost half (49%) of digital transformation projects are still IT-led.

NTT  advanced competencies VP Wayne Speechly says, “Organisations are still grappling with how to shape their business to capitalise on a connected future.

“Digital creates the opportunity for value to be constantly derived from transformation initiatives across the business. Organisations should focus less on perfecting a grand digital plan, and more on taking considered and iterative steps in their transformation journey to progress value and clarity of subsequent moves.

“For various reasons, an organisation is its own worst enemy, so any change has to be supported by pragmatic, self-aware leadership who are themselves changing.”

The research surveyed over 1,150 executives, from 15 countries across North America, Europe, Middle East & Africa, and Asia Pacific, and from 11 industry verticals. 

The results provide an insight into how these leaders perceive the business opportunities presented by digital transformation, the delivery challenges experienced in realising a digital transformation strategy, and the value being achieved.

Story image
AR and VR presents huge potential for construction industry, but businesses slow to adopt
According to GlobalData, the construction industry is slowly shifting from years of the wait-and-watch stance to adopting digital technologies to improve the overall project lifecycle from conceptual design to construction.More
Story image
42% of Australia’s older workers have lost their job or had hours reduced amid pandemic
Over half of older workers in Australia have been financially impacted by the pandemic, according to a recently released survey from Humanforce.More
Story image
Webinar: TLC for Kids on their usage of Nintex Drawloop DocGen
The charity is using the software to free up resources and enable its team to focus on its mission — which, simply put, is to put smiles back on sick kids’ faces. It does this through its TLC Ambulance, Rapid TLC, and distraction box programs, and its services are used over a million times each year across Australia.More
Story image
Video: 10 Minute IT Jams - Who is OutSystems?
In this IT Jam, we speak with OutSystems vice president for A/NZ Paul Arthur, who discusses the company's role in the A/NZ region, how things have changed for the company and the industry amid pandemic, and what he sees in the future of visual development and digital transformation.More
Link image
On 10 December, find out how data centers will fare in the face of climate change
From pandemic disruption to the urgency to address climate change, data center development in Asia Pacific needs to remain resilient and sustainable. On 10 December, join this webinar to learn about viable solutions data center operators can use to overcome environmental challenges. Register now.More
Story image
Advanced Threat Protection from Fortinet: Prevent, detect and mitigate
Cornelius Mare, Fortinet A/NZ Director, Security Solutions, explains why zero-day threats represent an unacceptable risk to your enterprise and how to protect your network by adopting Advanced Threat Protection security services.More