Business Wire has reported 78% of businesses believe digital start-ups will pose a threat to their organization, either now or in the future, according to new research from Dell Technologies announced today. This phenomenon is propelling innovative companies forward and accelerating the demise of others. Almost half (45%) of global businesses surveyed fear they may become obsolete in the next three to five years due to competition from digital-born start-ups.
“Every C-Suite leader looking to up their investment in digital transformation needs to understand the threats to their industry and how technology can take their business to the next level to stay competitive.”
Some companies are feeling badly bruised by the pace of change. More than half (52%) of business leaders have experienced significant disruption in their industries over the past three years as a result of digital technologies and the Internet of Everything, and 48% of global businesses don’t know what their industry will look like in three years’ time.
Given the acute threat of disruption, businesses are starting to escalate a remedy. To advance their digital transformation:
- 73% agree they need to prioritize a centralized technology strategy for their business
- 66% are planning to invest in IT infrastructure and digital skills leadership
- 72% are expanding their software development capabilities
In order of priority according to respondents, the top planned IT investments over the next three years are:
- Converged infrastructure
- Ultra-high performance technologies (Example: Flash)
- Analytics, big data and data processing (Example: Data Lakes)
- Internet of Things technologies
Read more at Business Wire.