The pace of digital transformation has a lot to do with the return on investment CEOs and their companies have enjoyed from the digital technologies they have deployed in the past. After all, if any business transformation (digital or otherwise) cannot create new value or competitive advantage, what's the point?
1,322 interviews with CEOs in 77 countries, conducted between September and December 2014, found that 56% of CEOs think it likely that companies will increasingly compete in new industries over the next three years. This begs questions such as:
– Wow many of that 56% plans to be part of that?
– Are the other 44% too stuck in their old ways?
– Who is going to migrate into and possibly disrupt your industry?
While CEOs embrace transformation and the digital technologies that enable much of it, 78% of US CEOs are concerned over the availability of key skills, as many face up to the fact that their traditional operational staff do not have the skills and capabilities required to manage and lead transformation.
Read the PwC 2015 US CEO Survey report Leading in Extraordinary Times