{"id":11132,"date":"2024-09-24T21:46:16","date_gmt":"2024-09-24T21:46:16","guid":{"rendered":"https:\/\/craighordlow.com\/index.php\/2024\/09\/24\/16-digital-transformation-statistics\/"},"modified":"2024-09-24T21:46:16","modified_gmt":"2024-09-24T21:46:16","slug":"16-digital-transformation-statistics","status":"publish","type":"post","link":"https:\/\/craighordlow.com\/index.php\/2024\/09\/24\/16-digital-transformation-statistics\/","title":{"rendered":"16 Digital Transformation Statistics"},"content":{"rendered":"<p>The term digital transformation describes the journey undertaken by companies to implement new technologies that promote change and improve business processes. Examples of digital transformation technologies include AI, hybrid cloud, and big data analytics.<\/p>\n<p>Digital transformation ranks among the top priorities for organizations in 2024. Yet, only around one-third of digital transformation initiatives are considered successful.<\/p>\n<p>In this blog post, we\u2019ll cover the latest statistics on digital transformation trends, top challenges, and spending data related to digital transformation.<\/p>\n<p>Click for a specific section:<\/p>\n<p><a title=\"General Digital Transformation Statistics\" href=\"https:\/\/backlinko.com\/blog#general-digital-transformation-statistics\" target=\"_blank\" rel=\"noopener\">General Digital Transformation Statistics<\/a><br \/>\n<a title=\"Digital Transformation Market Statistics\" href=\"https:\/\/backlinko.com\/blog#digital-transformation-market-statistics\" target=\"_blank\" rel=\"noopener\">Digital Transformation Market Statistics<\/a><br \/>\n<a title=\"Digital Transformation Challenges\" href=\"https:\/\/backlinko.com\/blog#digital-transformation-challenges\" target=\"_blank\" rel=\"noopener\">Digital Transformation Challenges<\/a><\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_81 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/craighordlow.com\/index.php\/2024\/09\/24\/16-digital-transformation-statistics\/#General_Digital_Transformation_Statistics\" >General Digital Transformation Statistics<\/a><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/craighordlow.com\/index.php\/2024\/09\/24\/16-digital-transformation-statistics\/#61_of_business_executives_recognize_digital_transformation_as_a_top_priority_in_their_organizations_West_Monroe\" >61% of business executives recognize digital transformation as a top priority in their organizations (West Monroe)<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/craighordlow.com\/index.php\/2024\/09\/24\/16-digital-transformation-statistics\/#94_of_large_organizations_in_the_US_and_UK_have_a_digital_transformation_strategy_Valtech\" >94% of large organizations in the US and UK have a digital transformation strategy (Valtech)<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/craighordlow.com\/index.php\/2024\/09\/24\/16-digital-transformation-statistics\/#81_of_business_leaders_consider_investments_in_digital_transformation_to_be_either_essential_or_necessary_for_achieving_business_success_Valtech\" >81% of business leaders consider investments in digital transformation to be either essential or necessary for achieving business success (Valtech)<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/craighordlow.com\/index.php\/2024\/09\/24\/16-digital-transformation-statistics\/#Digital_transformation_is_a_key_technology_initiative_for_74_of_organizations_Flexera\" >Digital transformation is a key technology initiative for 74% of organizations (Flexera)<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/craighordlow.com\/index.php\/2024\/09\/24\/16-digital-transformation-statistics\/#56_of_US_executives_claim_that_ROI_for_digital_transformation_initiatives_has_exceeded_their_expectations_KPMG\" >56% of US executives claim that ROI for digital transformation initiatives has exceeded their expectations (KPMG)<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/craighordlow.com\/index.php\/2024\/09\/24\/16-digital-transformation-statistics\/#58_of_organizations_aim_to_boost_their_spending_on_digital_transformation_initiatives_this_year_compared_to_the_year_before_Valtech\" >58% of organizations aim to boost their spending on digital transformation initiatives this year compared to the year before (Valtech)<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/craighordlow.com\/index.php\/2024\/09\/24\/16-digital-transformation-statistics\/#63_of_executives_worldwide_have_reported_a_performance_increase_from_digital_transformation_initiatives_over_the_past_2_years_KPMG\" >63% of executives worldwide have reported a performance increase from digital transformation initiatives over the past 2 years (KPMG)<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/craighordlow.com\/index.php\/2024\/09\/24\/16-digital-transformation-statistics\/#38_of_executives_globally_report_having_the_support_of_senior_leaders_for_the_deployment_of_emerging_technologies_KPMG\" >38% of executives globally report having the support of senior leaders for the deployment of emerging technologies (KPMG)<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/craighordlow.com\/index.php\/2024\/09\/24\/16-digital-transformation-statistics\/#89_of_C-level_executives_claim_their_organization_has_pursued_at_least_one_large_digital_transformation_initiative_in_the_last_2_years_McKinsey\" >89% of C-level executives claim their organization has pursued at least one large digital transformation initiative in the last 2 years (McKinsey)<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/craighordlow.com\/index.php\/2024\/09\/24\/16-digital-transformation-statistics\/#35_of_organizations_identify_improving_customer_experience_as_a_main_goal_of_digital_transformation_plan_TEKsystems\" >35% of organizations identify improving customer experience as a main goal of digital transformation plan (TEKsystems)<\/a><\/li><\/ul><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/craighordlow.com\/index.php\/2024\/09\/24\/16-digital-transformation-statistics\/#Digital_Transformation_Market_Statistics\" >Digital Transformation Market Statistics<\/a><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/craighordlow.com\/index.php\/2024\/09\/24\/16-digital-transformation-statistics\/#Spending_on_digital_transformation_is_forecasted_to_hit_39_trillion_by_2027_IDC\" >Spending on digital transformation is forecasted to hit $3.9 trillion by 2027 (IDC)<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/craighordlow.com\/index.php\/2024\/09\/24\/16-digital-transformation-statistics\/#US_spending_on_digital_transformation_accounts_for_358_of_global_spending_IDC\" >US spending on digital transformation accounts for 35.8% of global spending (IDC)<\/a><\/li><\/ul><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/craighordlow.com\/index.php\/2024\/09\/24\/16-digital-transformation-statistics\/#Digital_Transformation_Challenges\" >Digital Transformation Challenges<\/a><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-16\" href=\"https:\/\/craighordlow.com\/index.php\/2024\/09\/24\/16-digital-transformation-statistics\/#Only_about_one-third_of_organizations_meet_their_digital_transformation_objectives_BCG\" >Only about one-third of organizations meet their digital transformation objectives (BCG)<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-17\" href=\"https:\/\/craighordlow.com\/index.php\/2024\/09\/24\/16-digital-transformation-statistics\/#Complexity_of_the_current_environment_gaps_in_technical_talent_and_high_costs_are_leading_digital_transformation_challenges_TEKsystems\" >Complexity of the current environment, gaps in technical talent, and high costs are leading digital transformation challenges (TEKsystems)<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-18\" href=\"https:\/\/craighordlow.com\/index.php\/2024\/09\/24\/16-digital-transformation-statistics\/#Skills_shortage_economic_uncertainty_and_regulatory_implementation_are_among_the_top_barriers_to_progressing_with_digital_transformation_initiatives_Veeam\" >Skills shortage, economic uncertainty, and regulatory implementation are among the top barriers to progressing with digital transformation initiatives (Veeam)<\/a><\/li><\/ul><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"General_Digital_Transformation_Statistics\"><\/span>General Digital Transformation Statistics<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h4><span class=\"ez-toc-section\" id=\"61_of_business_executives_recognize_digital_transformation_as_a_top_priority_in_their_organizations_West_Monroe\"><\/span>61% of business executives recognize digital transformation as a top priority in their organizations (<a title=\"West Monroe\" href=\"https:\/\/www.westmonroe.com\/press-releases\/companies-aligned-on-digital-vision-but-lack-means-for-execution\" target=\"_blank\" rel=\"noopener\">West Monroe<\/a>)<span class=\"ez-toc-section-end\"><\/span><\/h4>\n<p>Research indicates that 61% of C-suite executives believe digital transformation is a top priority in their organizations. Yet, only 21% of organizations state that the entire C-Suite holds responsibility for overseeing digital transformation initiatives.<\/p>\n<h4><span class=\"ez-toc-section\" id=\"94_of_large_organizations_in_the_US_and_UK_have_a_digital_transformation_strategy_Valtech\"><\/span>94% of large organizations in the US and UK have a digital transformation strategy (<a title=\"Valtech\" href=\"https:\/\/www.valtech.com\/whitepapers\/leadership-priorities-in-tech\/\" target=\"_blank\" rel=\"noopener\">Valtech<\/a>)<span class=\"ez-toc-section-end\"><\/span><\/h4>\n<div class=\"backlinko-img-placeholder\"><\/div>\n<p>A significant 94% of decision-makers at large organizations report that they have a digital transformation strategy. Only 5% of survey participants claim they have no digital transformation strategy.<\/p>\n<h4><span class=\"ez-toc-section\" id=\"81_of_business_leaders_consider_investments_in_digital_transformation_to_be_either_essential_or_necessary_for_achieving_business_success_Valtech\"><\/span>81% of business leaders consider investments in digital transformation to be either essential or necessary for achieving business success (<a title=\"Valtech\" href=\"https:\/\/www.valtech.com\/whitepapers\/leadership-priorities-in-tech\/\" target=\"_blank\" rel=\"noopener\">Valtech<\/a>)<span class=\"ez-toc-section-end\"><\/span><\/h4>\n<p>Research indicates that 81% of business leaders perceive investment in digital transformation as a critical or necessary element for achieving success in their organizations.<\/p>\n<h4><span class=\"ez-toc-section\" id=\"Digital_transformation_is_a_key_technology_initiative_for_74_of_organizations_Flexera\"><\/span>Digital transformation is a key technology initiative for 74% of organizations (<a title=\"Flexera\" href=\"https:\/\/info.flexera.com\/FLX1-REPORT-State-of-Tech-Spend\" target=\"_blank\" rel=\"noopener\">Flexera<\/a>)<span class=\"ez-toc-section-end\"><\/span><\/h4>\n<div class=\"backlinko-img-placeholder\"><\/div>\n<p>Digital transformation ranks among the top 3 IT initiatives, closely behind cybersecurity (76%) and cloud (75%).<\/p>\n<h4><span class=\"ez-toc-section\" id=\"56_of_US_executives_claim_that_ROI_for_digital_transformation_initiatives_has_exceeded_their_expectations_KPMG\"><\/span>56% of US executives claim that ROI for digital transformation initiatives has exceeded their expectations (<a title=\"KPMG\" href=\"https:\/\/kpmg.com\/us\/en\/media\/news\/kpmg-us-tech-survey-report-findings.html\" target=\"_blank\" rel=\"noopener\">KPMG<\/a>)<span class=\"ez-toc-section-end\"><\/span><\/h4>\n<p>According to the majority of US respondents, the outcomes of investments in digital transformation have exceeded their expectations, in particular with boosting employee productivity, cost-cutting, and improving customer engagement.<\/p>\n<h4><span class=\"ez-toc-section\" id=\"58_of_organizations_aim_to_boost_their_spending_on_digital_transformation_initiatives_this_year_compared_to_the_year_before_Valtech\"><\/span>58% of organizations aim to boost their spending on digital transformation initiatives this year compared to the year before (<a title=\"Valtech\" href=\"https:\/\/www.valtech.com\/whitepapers\/leadership-priorities-in-tech\/\" target=\"_blank\" rel=\"noopener\">Valtech<\/a>)<span class=\"ez-toc-section-end\"><\/span><\/h4>\n<div class=\"backlinko-img-placeholder\"><\/div>\n<p>Over half (58%) of companies in the US and UK intend to increase their spending on digital transformation initiatives.<\/p>\n<h4><span class=\"ez-toc-section\" id=\"63_of_executives_worldwide_have_reported_a_performance_increase_from_digital_transformation_initiatives_over_the_past_2_years_KPMG\"><\/span>63% of executives worldwide have reported a performance increase from digital transformation initiatives over the past 2 years (<a title=\"KPMG\" href=\"https:\/\/assets.kpmg.com\/content\/dam\/kpmgsites\/xx\/pdf\/2023\/09\/kpmg-global-tech-report.pdf.coredownload.inline.pdf\" target=\"_blank\" rel=\"noopener\">KPMG<\/a>)<span class=\"ez-toc-section-end\"><\/span><\/h4>\n<p>According to surveyed executives worldwide, an average of 63% of respondents have reported a positive impact in terms of profitability or performance from digital transformation efforts over the past 24 months.<\/p>\n<h4><span class=\"ez-toc-section\" id=\"38_of_executives_globally_report_having_the_support_of_senior_leaders_for_the_deployment_of_emerging_technologies_KPMG\"><\/span>38% of executives globally report having the support of senior leaders for the deployment of emerging technologies (<a title=\"KPMG\" href=\"https:\/\/assets.kpmg.com\/content\/dam\/kpmgsites\/xx\/pdf\/2023\/09\/kpmg-global-tech-report.pdf.coredownload.inline.pdf\" target=\"_blank\" rel=\"noopener\">KPMG<\/a>)<span class=\"ez-toc-section-end\"><\/span><\/h4>\n<p>A recent survey indicates that 38% of executives worldwide report having buy-in from senior leaders for implementing new tools and technologies. That\u2019s up from only 10% in 2022.<\/p>\n<p>72% of CEOs claim they have an aggressive digital investment strategy (<a title=\"KPMG\" href=\"https:\/\/assets.kpmg.com\/content\/dam\/kpmg\/xx\/pdf\/2022\/10\/ceo-outlook-report.pdf\" target=\"_blank\" rel=\"noopener\">KPMG<\/a>)<\/p>\n<p>Digital investment is a key priority for CEOs, with 72 percent agreeing that they have developed an ambitious digital investment strategy.<\/p>\n<h4><span class=\"ez-toc-section\" id=\"89_of_C-level_executives_claim_their_organization_has_pursued_at_least_one_large_digital_transformation_initiative_in_the_last_2_years_McKinsey\"><\/span>89% of C-level executives claim their organization has pursued at least one large digital transformation initiative in the last 2 years (<a title=\"McKinsey\" href=\"https:\/\/www.mckinsey.com\/featured-insights\/themes\/how-top-performing-companies-approach-digital-transformation\" target=\"_blank\" rel=\"noopener\">McKinsey<\/a>)<span class=\"ez-toc-section-end\"><\/span><\/h4>\n<p>According to a recent survey, 9 in 10 senior leaders reported that they had pursued digital transformation at their company in the past 2 years.<\/p>\n<h4><span class=\"ez-toc-section\" id=\"35_of_organizations_identify_improving_customer_experience_as_a_main_goal_of_digital_transformation_plan_TEKsystems\"><\/span>35% of organizations identify improving customer experience as a main goal of digital transformation plan (<a title=\"TEKsystems\" href=\"https:\/\/www.teksystems.com\/en\/insights\/state-of-digital-transformation-2024\" target=\"_blank\" rel=\"noopener\">TEKsystems<\/a>)<span class=\"ez-toc-section-end\"><\/span><\/h4>\n<div class=\"backlinko-img-placeholder\"><\/div>\n<p>Improving customer experience, replacing legacy IT systems, and improving operational efficiency rank as the top 3 digital transformation goals in 2024 according to business decision-makers.<\/p>\n<p>Here\u2019s a complete list of leading digital transformation goals according to business leaders:<\/p>\n<div class=\"table-responsive\">\n<p>Digital Transformation Goal<br \/>\nShare of Respondents<\/p>\n<p>Improve customer experience and engagement<br \/>\n35%<\/p>\n<p>Replace or upgrade legacy IT systems<br \/>\n34%<\/p>\n<p>Reduce operational inefficiency<br \/>\n31%<\/p>\n<p>Enhance employee performance\/productivity<br \/>\n30%<\/p>\n<p>Transform existing business processes<br \/>\n29%<\/p>\n<p>Increase\/achieve innovation<br \/>\n25%<\/p>\n<p>Bolster cybersecurity<br \/>\n25%<\/p>\n<p>Gain competitive advantage<br \/>\n24%<\/p>\n<p>Improve employee experience<br \/>\n18%<\/p>\n<p>ncrease speed to market of existing products or services<br \/>\n17%<\/p>\n<p>Introduce new products or services<br \/>\n17%<\/p>\n<p>Introduce new business models\/revenue streams<br \/>\n16%<\/p>\n<\/div>\n<h2><span class=\"ez-toc-section\" id=\"Digital_Transformation_Market_Statistics\"><\/span>Digital Transformation Market Statistics<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h4><span class=\"ez-toc-section\" id=\"Spending_on_digital_transformation_is_forecasted_to_hit_39_trillion_by_2027_IDC\"><\/span>Spending on digital transformation is forecasted to hit $3.9 trillion by 2027 (<a title=\"IDC\" href=\"https:\/\/cdn.idc.com\/getdoc.jsp?containerId=prUS52305724\" target=\"_blank\" rel=\"noopener\">IDC<\/a>)<span class=\"ez-toc-section-end\"><\/span><\/h4>\n<p>Digital transformation spending reached $2.5 trillion in 2024 and is set to reach $3.9 trillion by 2027. Forecasts indicate that the digital transformation market will achieve a five-year CAGR of 16.2% from 2022 to 2027.<\/p>\n<h4><span class=\"ez-toc-section\" id=\"US_spending_on_digital_transformation_accounts_for_358_of_global_spending_IDC\"><\/span>US spending on digital transformation accounts for 35.8% of global spending (<a title=\"IDC\" href=\"https:\/\/www.idc.com\/getdoc.jsp?containerId=prUS51352323\" target=\"_blank\" rel=\"noopener\">IDC<\/a>)<span class=\"ez-toc-section-end\"><\/span><\/h4>\n<div class=\"backlinko-img-placeholder\"><\/div>\n<p>The US and Western Europe accounted for over half (58.5%) of global digital transformation spending in 2023.<\/p>\n<p>Here\u2019s a detailed breakdown of digital transformation spending by region as of 2023:<\/p>\n<div class=\"table-responsive\">\n<p>Region<br \/>\nMarket Share<\/p>\n<p>USA<br \/>\n35.8%<\/p>\n<p>Western Europe<br \/>\n22.7%<\/p>\n<p>China<br \/>\n16.8%<\/p>\n<p>Asia\/Pacific (Excluding Japan and China)<br \/>\n11.5%<\/p>\n<p>Japan<br \/>\n5.2%<\/p>\n<p>Others<br \/>\n8.0%<\/p>\n<\/div>\n<h2><span class=\"ez-toc-section\" id=\"Digital_Transformation_Challenges\"><\/span>Digital Transformation Challenges<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h4><span class=\"ez-toc-section\" id=\"Only_about_one-third_of_organizations_meet_their_digital_transformation_objectives_BCG\"><\/span>Only about one-third of organizations meet their digital transformation objectives (<a title=\"BCG\" href=\"https:\/\/www.bcg.com\/publications\/2021\/performance-and-innovation-are-the-rewards-of-digital-transformation-programs\" target=\"_blank\" rel=\"noopener\">BCG<\/a>)<span class=\"ez-toc-section-end\"><\/span><\/h4>\n<p>According to an analysis of over 850 companies worldwide, only 35% of businesses accomplished their objectives related to digital transformation.<\/p>\n<div class=\"backlinko-img-placeholder\"><\/div>\n<h4><span class=\"ez-toc-section\" id=\"Complexity_of_the_current_environment_gaps_in_technical_talent_and_high_costs_are_leading_digital_transformation_challenges_TEKsystems\"><\/span>Complexity of the current environment, gaps in technical talent, and high costs are leading digital transformation challenges (<a title=\"TEKsystems\" href=\"https:\/\/www.teksystems.com\/en\/insights\/state-of-digital-transformation-2024\" target=\"_blank\" rel=\"noopener\">TEKsystems<\/a>)<span class=\"ez-toc-section-end\"><\/span><\/h4>\n<p>Recent research indicates that the complexity of the current environment (32%), lack of technical expertise (27%), and high costs are major digital transformation challenges in 2024 according to senior-level leaders.<\/p>\n<p>Here\u2019s a complete list of top digital transformation challenges:<\/p>\n<div class=\"table-responsive\">\n<p>Digital Transformation Challenge<br \/>\nShare of Respondents<\/p>\n<p>Complexity of current environment\/siloed mindset and behaviors<br \/>\n32%<\/p>\n<p>Gaps in technical talent<br \/>\n27%<\/p>\n<p>High or unforeseen costs associated with digital transformation<br \/>\n26%<\/p>\n<p>Creation of a culture of continuous learning\/workforce upskilling or reskilling<br \/>\n25%<\/p>\n<p>Change management and implementation complications<br \/>\n24%<\/p>\n<p>Economic uncertainty affecting budgets<br \/>\n24%<\/p>\n<p>Security concerns and compliance constraints<br \/>\n23%<\/p>\n<p>Operating-model transformation complications (current business processes are too rigid)<br \/>\n22%<\/p>\n<p>Lack of internal alignment (digital vs. traditional business)<br \/>\n22%<\/p>\n<p>Too many competing tech priorities<br \/>\n21%<\/p>\n<p>Alignment of digital transformation with business objectives\/KPIs<br \/>\n20%<\/p>\n<p>Lack of strategy around digital initiatives<br \/>\n20%<\/p>\n<p>Lack of senior-level support<br \/>\n13%<\/p>\n<\/div>\n<h4><span class=\"ez-toc-section\" id=\"Skills_shortage_economic_uncertainty_and_regulatory_implementation_are_among_the_top_barriers_to_progressing_with_digital_transformation_initiatives_Veeam\"><\/span>Skills shortage, economic uncertainty, and regulatory implementation are among the top barriers to progressing with digital transformation initiatives (<a title=\"Veeam\" href=\"https:\/\/go.veeam.com\/wp-data-protection-trends-2024\" target=\"_blank\" rel=\"noopener\">Veeam<\/a>)<span class=\"ez-toc-section-end\"><\/span><\/h4>\n<p>According to IT decision-makers, cyber threats (24%), ESG goals (24%), and skills shortage (22%) are among the top challenges preventing progress with digital transformation initiatives at organizations in 2024.<\/p>\n<div class=\"backlinko-img-placeholder\"><\/div>\n<p>Here\u2019s a complete list of the biggest challenges:<\/p>\n<div class=\"table-responsive\">\n<p>Challenge<br \/>\nShare of Respondents<\/p>\n<p>Cyber threads<br \/>\n24%<\/p>\n<p>Meeting environmental, social and governance goals<br \/>\n24%<\/p>\n<p>Skills shortage to implement technology<br \/>\n22%<\/p>\n<p>Economic uncertainty<br \/>\n22%<\/p>\n<p>Regulatory implementation<br \/>\n20%<\/p>\n<p>Organizational leadership is unsure\/unsupportive of digital transformation<br \/>\n20%<\/p>\n<p>Industry disruption<br \/>\n17%<\/p>\n<p>Meeting changing customer needs<br \/>\n17%<\/p>\n<p>Geopolitical uncertainty<br \/>\n14%<\/p>\n<p>Resistant company culture<br \/>\n14%<\/p>\n<\/div>\n<p>The post <a href=\"https:\/\/backlinko.com\/digital-transformation-stats\" target=\"_blank\" rel=\"noopener\">16 Digital Transformation Statistics<\/a> appeared first on <a href=\"https:\/\/backlinko.com\/\" target=\"_blank\" rel=\"noopener\">Backlinko<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"<p>The term digital transformation describes the journey undertaken by companies to implement new technologies that promote change and improve business processes. Examples of digital transformation technologies include AI, hybrid cloud, and big data analytics. Digital transformation ranks among the top priorities for organizations in 2024. Yet, only around one-third of digital transformation initiatives are considered successful. In this blog post, we\u2019ll cover the latest statistics on digital transformation trends, top challenges, and spending data related to digital transformation. Click for a specific section: General Digital Transformation [&hellip;]<\/p>\n","protected":false},"author":0,"featured_media":11133,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"h5ap_radio_sources":[],"cybocfi_hide_featured_image":"","footnotes":""},"categories":[8,52],"tags":[],"class_list":["post-11132","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-backlinko","category-marketing-blogs"],"featured_image_src":"https:\/\/craighordlow.com\/wp-content\/uploads\/2024\/09\/large-organizations-in-the-us-and-uk-have-digital-transformation-strategy-1jWAU9-600x400.png","featured_image_src_square":"https:\/\/craighordlow.com\/wp-content\/uploads\/2024\/09\/large-organizations-in-the-us-and-uk-have-digital-transformation-strategy-1jWAU9-600x600.png","author_info":{"display_name":false,"author_link":"https:\/\/craighordlow.com\/author\/"},"_links":{"self":[{"href":"https:\/\/craighordlow.com\/index.php\/wp-json\/wp\/v2\/posts\/11132","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/craighordlow.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/craighordlow.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/craighordlow.com\/index.php\/wp-json\/wp\/v2\/comments?post=11132"}],"version-history":[{"count":0,"href":"https:\/\/craighordlow.com\/index.php\/wp-json\/wp\/v2\/posts\/11132\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/craighordlow.com\/index.php\/wp-json\/wp\/v2\/media\/11133"}],"wp:attachment":[{"href":"https:\/\/craighordlow.com\/index.php\/wp-json\/wp\/v2\/media?parent=11132"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/craighordlow.com\/index.php\/wp-json\/wp\/v2\/categories?post=11132"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/craighordlow.com\/index.php\/wp-json\/wp\/v2\/tags?post=11132"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}