Respondent Overview
Respondents by Country
Respondents by Company Annual Revenue
Respondents by Industry
Respondents by Job Title
Digital Transformation execution
A staggering 55% of respondents are in the ideation or testing phase of digital deployment. APAC companies are taking a "wait and see" approach to transformation, perhaps for others to create a blueprint before they commit. This is most prevalent in Japan and Australia, with respondents saying they would watch and learn.
There's a lot more risk in doing nothing. Chances are, [companies who do nothing] won't be around in 5 years. Particularly for mid-sized organisations - this could mean life and death.
Franz Kufner
Hexagon PPM APAC VP
franz.kufner@hexagon.com
Investment and budget
Most organisations (69%) invest less than eight figures in digital transformation efforts. Only one oil and gas company responded that it was investing more than $100 million toward digital transformation.
Investment is low because most transformation is in its infancy. Big bang transformation takes on a lot of risk and is more likely to fail, however picking a specific process which is attached to a valuable business outcome to update and digitise minimises risk and maximises return.
Franz Kufner
Hexagon PPM APAC VP
What is driving the need for Digital Transformation?
Most respondents say increasing workforce cost, supply chain disruptions and industrial accidents are the top three major concerns that digital transformation addresses. Unplanned shutdown was also a concern for many respondents.
What are the FIVE major causes of increased cost?
What are the priorities for digitisation?
Reduced cost (43%) and improving competitive advantage (18%) are the two biggest priorities when it comes to digital transformation strategy.
Important note: These two priorities are long-term outcomes of a successful digital strategy deployment – companies should not use these to measure short-term digitisation success.
What are the top barriers to your competitors' digital adoption?
Unplanned costs (39%) and resistance to change (35%) are two of the biggest barriers to achieving digital adoption. Japan report the top problem as improving worker productivity, while Korea listed its top problem as reskilling the workforce.
Remember: The best Digital Transformation strategy trials new technology on re-engineered processes, scaling when successful and pivoting when unsuccessful.
