Business leaders know that successful transformations combine people and technology to supercharge growth. Yet new research from an EY survey shows that few exceed expectations. Those that do report much stronger revenue gains than those that fail to reach their transformation targets—42.5% faster growth on average.
What are the winning strategies? A mix of foundational technologies such as data science and artificial intelligence (AI), along with new approaches to securing the skills needed for transformation. Some sectors augment these with critical investments in specialized tech such as blockchain (a favorite of financial services) or green tech (energy and natural resources).
These insights and others stem from the EY Tech Horizon: Leadership perspectives on technology and transformation study, an extensive, international, multi-industry research program comprising a quantitative survey of 508 C-suite executives and senior leaders and 10 in-depth qualitative interviews with change-makers from companies across the Americas.
The highlights offer not only a snapshot of where the most successful transformations invest in technology but also a blueprint for building the right digital foundation for speeding your own business growth.
The views reflected in this article are those of the author and do not necessarily reflect the views of Ernst & Young LLP or other member firms of the global EY organization.
This story was produced by WIRED Brand Lab for Consulting at EY.
