Articles about Digital Transformation

Digital transformation? Don't ask me

digital transformation

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.

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Two-thirds of organizations bypass IT for digital transformation projects

Bypass

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.

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4 reasons private equity firms should be concerned about digital transformation

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?

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Rush to digital transformation puts security of data at risk

Risk dial

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.

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Poor security habits made worse by the speed of digital transformation

password reminders

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.

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The role of the mainframe in digital transformation [Q&A]

mainframe

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.

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Digital transformation increases risk of cyberattacks

digital transformation

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.

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DevOps and digital transformation are creating more insecure apps

DevOps

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.

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Better communication needed to make progress on digital transformation

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.

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IT leaders struggle to deliver cost transparency

Worried It worker

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.

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51 percent of financial services companies believe existing tech is holding them back

held back, restrained

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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More than half of decision makers think digital transformation has changed their roles

digital transformation

A new survey of business and IT decision makers reveals that more than half (56 percent) believe their job roles have been changed by digital transformation.

The study by the Cloud Industry Forum and Ensono research finds 51 percent reporting an increase in their responsibilities and 47 percent saying they have greater pressure to deliver.

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Increased IT spending will boost digital transformation efforts in Europe

digital transformation

European businesses are set for an increase in IT spending which should greatly accelerate digital transformation efforts within the next 12 months.

That's according to new research from CenturyLink, which found that over half of companies are set to boost IT spending over the next year to allow them to embrace the benefits of new technology sooner than expected.

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