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Digital transformation (DT) is here to help your business extract more value for your customers, employees, and stakeholders. The integration of digital technologies such as enterprise resource planning (ERP) software, cloud-based security, IoT devices, artificial intelligence (AI), and machine learning (ML) into business operations is a hallmark of market leaders. Digital transformation results in increased business agility, productivity, and profits, and decision-makers are making major investments moving forward into 2022 and beyond.
Likely, you’re already evangelizing to your company leaders about digital transformation and winning converts to the technological improvements that can help your company evolve. Yet, other brands' success stories or your marketing project miracles have not convinced some in your organization. These executives, managers, and influencers need to hear the statistical case for digital transformation.
A bird’s eye view of digital transformation
100% Between 2020 and 2024, the global investment in digital transformation will almost double. Statista
50%. By 2023, digitally transformed organizations are forecast to contribute more than half of global GDP. Statista
63% of leaders state that the COVID-19 pandemic prompted them to embrace digital transformation sooner than originally planned. Celerity
67% of manufacturing decision-makers say their adoption of digital technologies accelerated due to the COVID-19 pandemic. IBM
92%. Manufacturing decision-makers say their most significant business imperatives driving DT are improving operational efficiency (92%), customer growth (87%), customer retention (85%), supply chain integrity (81%), and operational resilience (81%). IBM
By 2030, analysts expect automation to eliminate 29% of jobs while contributing 13% to job creation. Forrester
$767 billion. Manufacturing market digital transformation valued at $263 billion in 2020 and expects to reach $767 billion by 2026, with a growth rate of 19.48% over 2021-2026. Mordor Intelligence
Who is stalling digital transformation initiatives?
Digital transformation results
The top benefits of adopting DT are:
Data-driven organizations are
75% of consumers say they are more likely to buy from a company that:
3 out of every 4 business leaders will leverage digital platforms by 2025 to adapt to new markets and industries. IDC
30% of organizations will increase innovation and reinvent their business models to future-proof their companies. IDC
The highest growth of digital transformation will be from devices (14%) and enterprise software (10.8%), largely due to organizations looking to provide innovative workplace solutions. Gartner
Insurance underwriting, warehouse and manufacturing, and customer service are among the jobs predicted to automate in the next 5 to 10 years. Forbes
Investments in digital transformation are rising at more than 3X the rate of overall IT spending. Forrester
96% of organizations see digital transformation as critical or important. Progress
86% of CEOs believe it is crucial to champion digital technologies. PWC Research
85% of decision-makers believe they have just two years to make significant inroads on their digital transformation before suffering financially. Progress
76% of decision-makers have a defined strategy for pursuing transformation. Progress
75% of these decision-makers are in the process of taking incremental steps. Progress
45% of executives believe their companies lack the necessary technologies to conduct a digital transformation strategy. PWC Research
Do any of these statistics surprise you or anyone in your organization? After sharing, have any of these statistics been particularly influential or persuasive? Share your thoughts with us on Facebook!
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About the Author