European companies expect digital transformation projects to boost productivity by an average of 38%. In doing so, they expect total Return on Investment (ROI) in just under five years.
New research shows that companies trust technology to boost their productivity. At the same time, they face major knowledge and skills barriers to complete their digital transformation projects. Senior decision-makers at European companies expect technology digital transformation projects to increase productivity by an average of 38% in just 3 years. This with an expected total Return on Investment (ROI) in just under 5 years. But so far, on average only 15% of organisations completed their digital transformation projects.
Digital transformation
Almost 40% of respondents said they felt their organisation was lagging behind competitors when it came to digital transformation. There are key obstacles to implementing digital transformation technologies. These include lack of internal knowledge (35%) and lack of internal IT resources and skills (32%). There are also concerns about interoperability with existing IT infrastructure (30%) and a lack of external specialised IT support or specialised suppliers (30%).
Barriers
"This research shows that European companies understand that the latest technology solutions can transform business operations. It can help companies take big steps forward in productivity. But there are also barriers to overcome." So says Jan Kaempfer, Marketing Director for Panasonic Connect Europe.
Expertise lacking
"Companies lack internal expertise and resources. They struggle to find the external specialist support they need to execute their plans."
Research
The survey, commissioned by Panasonic Connect Europe and carried out by the independent research agency Opinion Matters, polled 300 senior decision-makers responsible for the digital transformation of businesses in the United Kingdom, France and Germany.
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