Sixty-three per cent of large businesses in India are scrambling to invest in IT infrastructure & digital skills to compete with start-ups who are posing a threat to traditional businesses and 62 per cent are planning to invest over 30 per cent of their 2016 IT budget in transformation projects.
Eighty-six per cent of them however are relying on system integrators, value added re-sellers, consultants and other partners to help them on their digital journey.
Significantly it is the demand of the customers in India that has transformed over half the enterprises in India who are digital leaders today; while 42 per cent are feeling the pressure from their own C-Suite(a widely-used slang term to collectively refer to a corporation’s most important senior executives). Nine in 10 have witnessed the entrance of new competitors as a result of digital technologies.
The Greyhound Research study found that over 90 per cent of enterprises have experienced disruption, and 26 per cent don’t know what their industry will look like in three years.
The obstacles that companies face on the digital transformation journey include immature digital culture (33 per cent), lack of budget and resources (30 per cent) and 32 per cent noted that the lack of right tech.