Digital Transformation may be considered a major buzzword in today’s technology environment, but it’s a lot more than just an expression. It underscores the degree to which your company is poised to remain competitive into the future.
For our purposes here today, let’s define Digital Transformation as the process of adopting digital technology to elevate one’s business beyond that which can be achieved through non-digital or manual processes. This will include a wide range of products and services available to enterprise decision makers through AVANT and our network of Trusted Advisors. This endeavor relates to companies of all sizes, although some categories are pulling plans together more quickly than others. Establishing a proper plan is, of course, the first step.
The data shown above is a prelude to AVANT’s State of Disruption Report 2020, which will be coming out soon, based on survey feedback from 500 enterprise decision-makers. While larger companies are generally more likely to have put a plan in place, this is not universally true at all revenue bands. Note the impressive spike in the $100 million to $500 million category.
But the key takeaway is this: If your company has not yet put together a plan for digital transformation, you are rapidly falling behind the curve.
Your Trusted Advisor can help you navigate this process, and we at AVANT recommend that you reach out to them as soon as possible.
Also stay tuned for more data coming out of the State of Disruption Report, as well as the report, itself!