Based on the latest Digital Transformation Index with 4,600 business leaders from more than 40 countries, emerging markets dominate the country ranking as the most digitally mature
New Delhi: India is the most digitally mature country in the world, the latest Dell Technologies Digital Transformation Index, says. However, businesses in India still have a lot of work to do.
Leaders in India are more aware of the need to prioritize digital transformation throughout their organization — 91 per cent of the business leaders believe that digital transformation should be more widespread, compared to 78 per cent globally. Almost half (48 per cent) (51per cent globally), believe they’ll struggle to meet changing customer demands within five years.
Dell Technologies, in collaboration with Intel and Vanson Bourne, surveyed 4,600 business leaders from mid- to large-sized companies across the globe to score their organizations’ transformation efforts.
The study revealed that emerging markets are the most digitally mature, with India, Brazil and Thailand topping the global ranking. In contrast, developed markets are slipping behind: Japan, Denmark and France received the lowest digital maturity scores.
What’s more, emerging markets are more confident in their ability to ‘disrupt rather than be disrupted’ (53 per cent) compared to just 40 per cent in developed nations.
The DT Index II, builds on the first ever DT Index, launched in 2016. The two-year comparison highlights that there has been steady progress in India.
The percentage of Digital Leaders and Digital Adopters has increased in India, whereas globally, there’s been no progress at the top and almost four in 10(39 per cent) businesses are still spread across the two least digitally mature groups on the benchmark (Digital Laggards and Digital Followers).
“In the near future, every organization will need to be a digital organization, but our research indicates that the majority still have a long way to go,” says Michael Dell, chairman and CEO of Dell Technologies. “Organizations need to modernize their technology to participate in the unprecedented opportunity of digital transformation. The time to act is now.”
However, these achievements have not been easy. The findings suggest business leaders around the world are on the verge of a confidence crisis, with 91 per cent held back by persistent barriers.
The top five barriers to digital transformation success in India include: data privacy and security concerns, regulation and legislative changes, lack of the right in-house skill sets and expertise, information overload and weak digital governance and structure.
Forty-four percent of business leaders in India believe that their organizations will struggle to prove they’re a trustworthy organization (global: 49 per cent). Almost three in ten (28 per cent) don’t trust their own organization to comply with regulations such as the EU General Data Protection Regulation (32 per cent globally). And 31per cent don’t trust their organization to protect their customer data (33 per cent globally).
Leaders across the globe have reported common priorities and investments to aid future transformation, including an increased focus on workforce, security and IT. In India, 61 per cent are developing in-house digital skills and talent, by teaching all employees how to code for instance, up from 26per cent in 2016 (Globally: Currently 46per cent, 27per cent in 2016).
Top technology investments for the next one-three years in India are Cybersecurity, Internet of Things tech, Multi-cloud environment, Artificial Intelligence and Compute Centric Approach.
“Organizations in India have reached a momentous intersection where technologies and business meet together to create a new and improved digital world,” said Rajesh Janey, President and Managing Director- Enterprise, Dell EMC, India. “I am delighted with India’s steady progress towards adopting a digital strategy. Emerging technologies will reshape the way we work and live. Being at the centre of this will deliver manifold benefits to the business.”
JPG for SG