The word integer translation describes the travel undertaken by companies to instrumentality caller technologies that beforehand alteration and amended concern processes. Examples of integer translation technologies see AI, hybrid cloud, and large information analytics.

Digital translation ranks among the apical priorities for organizations successful 2024. Yet, lone astir one-third of integer translation initiatives are considered successful.

In this blog post, we’ll screen the latest statistic connected integer translation trends, apical challenges, and spending information related to integer transformation.

Click for a circumstantial section:

• General Digital Transformation Statistics
• Digital Transformation Market Statistics
• Digital Transformation Challenges

General Digital Transformation Statistics

61% of concern executives admit integer translation arsenic a apical precedence successful their organizations (West Monroe)

Research indicates that 61% of C-suite executives judge integer translation is simply a apical precedence successful their organizations. Yet, lone 21% of organizations authorities that the full C-Suite holds work for overseeing integer translation initiatives.

94% of ample organizations successful the US and UK person a integer translation strategy (Valtech)

A important 94% of decision-makers astatine ample organizations study that they person a integer translation strategy. Only 5% of survey participants assertion they person nary integer translation strategy.

81% of concern leaders see investments successful integer translation to beryllium either indispensable oregon indispensable for achieving concern occurrence (Valtech)

Research indicates that 81% of concern leaders comprehend concern successful integer translation arsenic a captious oregon indispensable constituent for achieving occurrence successful their organizations.

Digital translation is simply a cardinal exertion inaugural for 74% of organizations (Flexera)

Digital translation ranks among the apical 3 IT initiatives, intimately down cybersecurity (76%) and unreality (75%).

56% of US executives assertion that ROI for integer translation initiatives has exceeded their expectations (KPMG)

According to the bulk of US respondents, the outcomes of investments successful integer translation person exceeded their expectations, successful peculiar with boosting worker productivity, cost-cutting, and improving lawsuit engagement.

58% of organizations purpose to boost their spending connected integer translation initiatives this twelvemonth compared to the twelvemonth earlier (Valtech)

Over fractional (58%) of companies successful the US and UK mean to summation their spending connected integer translation initiatives.

63% of executives worldwide person reported a show summation from integer translation initiatives implicit the past 2 years (KPMG)

According to surveyed executives worldwide, an mean of 63% of respondents person reported a affirmative interaction successful presumption of profitability oregon show from integer translation efforts implicit the past 24 months.

38% of executives globally study having the enactment of elder leaders for the deployment of emerging technologies (KPMG)

A caller survey indicates that 38% of executives worldwide study having buy-in from elder leaders for implementing caller tools and technologies. That’s up from lone 10% successful 2022.

72% of CEOs assertion they person an assertive integer concern strategy (KPMG)

Digital concern is simply a cardinal precedence for CEOs, with 72 percent agreeing that they person developed an ambitious integer concern strategy.

89% of C-level executives assertion their enactment has pursued astatine slightest 1 ample integer translation inaugural successful the past 2 years (McKinsey)

According to a caller survey, 9 successful 10 elder leaders reported that they had pursued integer translation astatine their institution successful the past 2 years.

35% of organizations place improving lawsuit acquisition arsenic a main extremity of integer translation program (TEKsystems)

Improving lawsuit experience, replacing bequest IT systems, and improving operational ratio fertile arsenic the apical 3 integer translation goals successful 2024 according to concern decision-makers.

Here’s a implicit database of starring integer translation goals according to concern leaders:

Digital Transformation Market Statistics

Spending connected integer translation is forecasted to deed $3.9 trillion by 2027 (IDC)

Digital translation spending reached $2.5 trillion successful 2024 and is acceptable to scope $3.9 trillion by 2027. Forecasts bespeak that the integer translation marketplace volition execute a five-year CAGR of 16.2% from 2022 to 2027.

US spending connected integer translation accounts for 35.8% of planetary spending (IDC)

The US and Western Europe accounted for implicit fractional (58.5%) of planetary integer translation spending successful 2023.

Here’s a elaborate breakdown of integer translation spending by portion arsenic of 2023:

Digital Transformation Challenges

Only astir one-third of organizations conscionable their integer translation objectives (BCG)

According to an investigation of implicit 850 companies worldwide, lone 35% of businesses accomplished their objectives related to integer transformation.

Complexity of the existent environment, gaps successful method talent, and precocious costs are starring integer translation challenges (TEKsystems)

Recent probe indicates that the complexity of the existent situation (32%), deficiency of method expertise (27%), and precocious costs are large integer translation challenges successful 2024 according to senior-level leaders.

Here’s a implicit database of apical integer translation challenges:

Skills shortage, economical uncertainty, and regulatory implementation are among the apical barriers to progressing with integer translation initiatives (Veeam)

According to IT decision-makers, cyber threats (24%), ESG goals (24%), and skills shortage (22%) are among the apical challenges preventing advancement with integer translation initiatives astatine organizations successful 2024.

Here’s a implicit database of the biggest challenges:

The station 16 Digital Transformation Statistics appeared archetypal connected Backlinko.