Get your hands on 21 statistics about digital transformation from leading analysts and research houses.
The impact of COVID-19 on digital transformation
Pre-pandemic, only 15% of companies prioritised digital transformation. In 2021, every company took steps to move technology into every part of their business. (Forrester)
At the start of the pandemic, in just a few months, companies accelerated the digitisation of their internal operations by 3-4 years. And the share of digital or digitally enabled products in their portfolios by 7 years. (McKinsey)
Despite executives believing it would take 454-days to implement remote working during COVID-19, on average it took just 10.5-days. (Statista)
Digital transformation market size
In 2022, spending on digital transformation is projected to reach $1.8 trillion. By 2025, global digital transformation spending is forecast to reach $2.8 trillion. (Statista)
By 2023, digitally transformed organisations are projected to contribute to more than half of the global GDP, accounting for $53.3 trillion (IDC).
91% of businesses are engaged in some form of digital initiative. (Gartner)
Digital transformation strategy
87% of senior business leaders say digitalisation is a priority. (Gartner)
89% of organisations have plans to adopt a digital-first business strategy. (IDG)
Critical success factors for digital transformation: (McKinsey)
- Having the right, digital-savvy leaders in place.
- Building capabilities for the workforce of the future.
- Empowering people to work in new ways.
- Giving day-to-day tools a digital upgrade.
- Communicating frequently via traditional and digital methods.
Digital transformation benefits
45% of companies reported higher net revenue growth following their digital transformation. (Deloitte)
High-tech B2B companies report a 10%-20% cost reduction and revenue growth of 10%-15% from transforming their customer experience processes. (McKinsey)
56% of CEOs say that their digital improvements have already increased profits. (Gartner)
Impact of digital transformation on organisational processes
Despite 87% of companies thinking digital will disrupt their industry, only 44% are prepared for it. (Deloitte)
Only 11% of business executives believe their current business models will be economically viable through 2023. (McKinsey)
70% of companies either have a digital transformation strategy in place or are working on one. (Tech Pro Research)
Impact of digital transformation on people
By 2030, automation will eliminate 29% of jobs, while contributing 13% to job creation. (Forrester)
Digital skills are important in today’s workplace. 54% of all employees will need significant reskilling by 2022. (World Economic Forum)
Companies that focus on culture are 5x more likely to achieve breakthrough performance than companies that neglected culture. (BCG)
Impact of digital transformation on technology
By 2022, 70% of enterprises will deploy hybrid/multi-cloud management across their digital infrastructure. (McKinsey)
By 2023 more than half of new infrastructure will be deployed at the edge. (McKinsey)
By 2025, at least 90% of new enterprise apps will insert AI technology into their processes and products. (IDC)
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