Why change management is essential to digital transformation projects [Q&A]
Digital transformation is currently an attractive option for many businesses. But to make it work it needs to be effectively managed.
We spoke to Nital Hooper, senior manager consulting at consultancy company Servita to find out about the importance of change management to successful digital transformation.
A traditional approach to security harms digital transformation efforts
Half of security professionals who adopt a more traditional or reactive approach to their data protection and security don't believe they will reach their digital transformation goals in the next five years.
This is among the findings of a report from data protection company TITUS which conversely finds that nine out of 10 security professionals deploying a strategic approach believe their current efforts will address digital transformation needs within five years and that their organization would achieve its digital transformation goals in the same timescale.
Digital transformation is putting government data at risk
The push towards digital transformation in the US government is putting sensitive data at risk, according to a new report from data protection specialist Thales.
Almost all (98 percent) of respondents from federal agencies report that they are using sensitive data within digital transformation technology environments. Yet, less than a third of respondents are using data encryption within these environments.
Over half of data-driven initiatives are failing
More than half of data-driven initiatives are failing in business, with 27 percent of failures due to a skills shortage according to new research from analytic database company Exasol.
In the public sector, financial services and energy and utilities companies the failure rate rises to more than 60 percent. And in retail and financial services 40 percent blame skills shortages for failures.
Digital transformation? Don't ask me
According to new research among British businesses, 57 percent of employees either don't understand (20 percent) or misinterpret (37 percent) the meaning of 'digital transformation'.
The research, conducted by YouGov among employees at 500 businesses with 50 or more employees, on behalf of service management Cherwell Software also finds that 64 percent say their employers only adopt new technology once it enters the mainstream.
Two-thirds of organizations bypass IT for digital transformation projects
According to a new report released by The Economist Intelligence Unit and sponsored by BMC software, 66 percent of organizations bypass IT when buying new technologies for digital transformation.
But despite this, 43 percent of firms still hold IT accountable if something goes wrong with their digital transformation initiatives.
4 reasons private equity firms should be concerned about digital transformation
Every business by now is familiar with the term 'digital transformation', and for good reason. When done right, digital transformation has the potential to revolutionize the customer experience; drive data-based insights; encourage collaboration across departments; increase agility and innovation; update skillsets and knowledge; consolidate processes and operations; and create incredible returns on investment.
So why aren’t more people concerned about it?
Rush to digital transformation puts security of data at risk
Digital transformation projects are underway in the vast majority of businesses, according to a new report, but 'aggressive' transformers are most at risk from data breaches.
The latest Data Threat Report from Thales eSecurity shows digital transformation in some form is happening in 97 percent of organizations. 86 percent say they feel vulnerable to threats, yet less than a third of respondents (only 30 percent) are using encryption within these environments.
Poor security habits made worse by the speed of digital transformation
According to a new study, 75 percent of people admit to reusing passwords across accounts, including work and personal, compared to 56 percent who admitted to doing so in 2014.
The Market Pulse Survey by identity management specialist SailPoint shows that digital transformation efforts are leading to increasingly complex IT environments for businesses and employees to manage securely.
The role of the mainframe in digital transformation [Q&A]
When many enterprises think of mainframes, they think of reliable, workhorse technology and legacy applications.
Mobile, windows-based applications are rarely top of mind. However, mainframes still power much of today's digital economy, from mobile banking to online ticket reservations, and still have a place in the enterprise IT stack.
Digital transformation increases risk of cyberattacks
The drive to digital transformation is exposing companies to higher and more costly cyber risks according to a new study of over 1,300 businesses.
The study from research firm ESI ThoughtLab, together with a cross-industry coalition of organizations, including HP, KnowBe4, Opus and others, shows that cyber risks rise dramatically as companies embrace new technologies, adopt open platforms, and tap into the ecosystems of partners and suppliers.
DevOps and digital transformation are creating more insecure apps
For enterprises looking to build new applications as the cornerstone of their digital transformation initiatives, techniques like DevOps are undeniably attractive.
But while they speed up development they also mean that nearly 70 percent of every application is made up of reusable components like third-party libraries, open source software. This means that applications can easily inherit the vulnerabilities in those components.
Better communication needed to make progress on digital transformation
Although a majority of businesses have followed a digital transformation plan, poor top-down communication is proving a barrier to success.
A new report from automation specialist Nintex shows that 64 percent of companies have followed a formal digital transformation plan for three years or less, while a third have followed a plan for one year or less.
IT leaders struggle to deliver cost transparency
A new survey by London-based Coeus Consulting reveals that 88 percent of respondents are unable to demonstrate cost transparency to the rest of the organization.
Those that can, however, are best positioned to deliver business agility for digital transformation and are more likely to be represented at senior level in their companies.
51 percent of financial services companies believe existing tech is holding them back
Legacy technology can be a major obstacle to digital transformation projects and, according to a new survey of financial services technology decision makers carried out for business consultancy Janeiro Digital, almost 51 percent say existing technology is holding back innovation.
Three of the biggest roadblocks are seen as lack of support for change (34 percent), legacy technology and infrastructure (31.6 percent) and a lack of in-house technical skill (29.5 percent).
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