What do we mean by pragmatism? It's a good description for what we are seeing in a market that carried ambitious strategies into 2018 but ran afoul of internal headwinds. Don't get me wrong, the external market is neither easy nor forgiving -- the combined forces of empowered customers, hyper-digital advancement, and new and hostile competitive fronts are not going away. But forced pragmatism results from issues related to allocation and readiness: Did leadership allocate the political and real capital necessary to overcome organizational inertia? And was the organization ready for this kind of strategic upheaval?
SAP SE have published research findings from a study commissioned by SAP and conducted by leading industry analyst Forrester Consulting. The report suggests that intelligent technologies are critical for supporting digital transformation in the enterprise. SAP commissioned Forrester Consulting to evaluate the adoption of intelligent technologies and how they're supporting digital transformation. To explore this topic, Forrester conducted an online survey of 747 respondents. The respondents are all digital transformation and intelligent technology decision makers from consumer products, discrete manufacturing, retail, and utilities companies.
For decades, we've been hearing some variation of the prediction that every company will become a software company. Almost seven years ago, in his now-famous essay, Why Software is Eating the World, Mark Andreessen proclaimed: "We are in the middle of a dramatic and broad technological and economic shift in which software companies are poised to take over large swathes of the economy." Must read: Digital Transformation: A CXO's Guide What is the state of this shift today? Is every business truly on its way to becoming a software business? Do businesses mostly purchase software off the rack or build their own software?
A survey of over 1,200 executives has just revealed that despite massive and increasing investments in digital transformation and technologies such as artificial intelligence and big data, companies are struggling to turn those investments into real business results. A survey unveiled today by Deloitte has found that the number of companies investing heavily in digital transformation has almost doubled in the past year. The accounting and services giant questioned 1,200 executives at organizations of at least 500 people with above $250 million in revenue, finding that 19% planned to invest $20 million or more during 2019. When asked the same question at the start of 2018, 10% gave that answer. Despite Massive Investments In AI And Digital Transformation, Survey Finds Poor Results And 7 Enabling Capabilities The term "digital transformation" has come to mean steps that move an organization towards adopting data-driven business models, typically involving artificial intelligence (AI), big data and predictive analytics technology.
Every business must become a digital business. In the era of multiple innovation, where businesses have shifted from exploring emerging technologies to implementations of disruptive technologies like mobile, social, cloud, artificial intelligence (AI), and Internet of Things (IoT), the digital playing field will eventually even out. According to the Accenture Technology Vision 2019 research report -- based on a survey of over 6,000 business and IT executives, companies will need to find their competitive edge in this new'post-digital' era. Also: What is AI? Everything you need to know The Accenture Technology Vision 2019 report was written by Paul Daugherty, Accenture's chief technology and innovation officer (CTIO) and leader of the company's Technology Innovation and Ecosystem group, Marc Carrel-Billiard, Accenture's global senior managing director of Accenture Labs, the company's dedicated R&D organization, and Michael Biltz, Managing Director of Accenture's annual Strategic Technology Visioning efforts. Daugherty is also the co-author of'Human Machine: Reimagining Work in the Age AI'.