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Leading Edge Forum Report Reveals Top 10 Digital Transformation Challenges for Business LeadersLONDON, May 14, 2019 /PRNewswire/ -- A new report released today by global research and thought leadership organization, Leading Edge Forum (LEF), examines the myths and realities of digital transformation through interviews with over 30 large organizations. The report, entitled 'A Tale of Two Missions: From IT Modernization to Business Transformation', provides a solid steer to executive teams through today's two main digital transformation missions – near-term IT modernization and long-term business transformation. Key findings of the interviews included all highlighting how difficult both IT modernization and, especially, business transformation can be. It is clear in the report that, although most companies can easily imagine a highly transformed digital future, day-to-day priorities, politics and norms tend to get in the way. The most common reasons for making digital transformation hard were given as:
"Information technology has already transformed or disrupted huge parts of the global economy," said David Reid, programme director at Leading Edge Forum. "The technology community anticipates a powerful wave of change based upon various combinations of smart products, machine learning, industry-specific business platforms, algorithmic processes, robotics, and more self-service, data-driven operations. We also know that the current wave of automation and intelligence technologies holds at least as much – and we think even more – potential than anything we have seen thus far. Taken together, these capabilities provide a vision for transformed, 21st century organizations that look much more like today's digital giants than the traditional global firm. While there are many uncertainties regarding timing, it's hard to bet against these developments over the long course of the 2020s." The report outlines the skills and techniques being used by organizations to overcome the inertia challenges of delivering on digital transformation initiatives, such as embracing markets that are more inherently digital as a test bed for digital transformation across the legacy organisation. The full report offers executives strategic approaches, support and action plans designed to give practical advice, giving digital transformation projects the best chance of successful delivery. You can download "A Tale of Two Missions: From IT Modernization to Business Transformation" at https://leadingedgeforum.com/research/from-it-modernization-to-business-transformation/. About LEF Leading Edge Forum is one of the world's leading cross-industry think-tanks and is dedicated to helping clients reimagine their organisations and leadership for a tech-driven future. It has been evaluating major digital technology developments and shifts for over 30 years – and delivering insights on how these will redefine industries, organisations and the individuals that work within them. Learn more at https://www.leadingedgeforum.com Logo: https://mma.prnewswire.com/media/886703/Leading_Edge_Forum_Logo.jpg |