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Telecoms and banking sectors most advanced in digital transformation

by Desmond Dallen

Telecoms and banking sectors most advanced in digital transformation

Ovum’s annual survey of ICT decision-makers shows that less than 10% of enterprises have achieved their digital transformation goals

London – November 29, 2017: Ovum’s latest ICT Enterprise Insights program found that across 14 industries, the telecoms and banking sectors are most mature in the drive for digital transformation. The program was based on primary interviews with over 6,300 enterprises globally, asking senior ICT executives to rate their organizations against nine steps identified by Ovum as key to digital transformation.

These ranged from tackling cybersecurity, to developing digital skills, creating the necessary organization structure & culture, to digitizing processes, creating digital services, to having a clearly articulated digital strategy.

Ovum created a digital maturity index aggregating progress by enterprises in each vertical across the nine steps. While the telecoms sector was most advanced, the overall level of digital maturity is low, with its index score currently at 43.9%, with banking next at 42%; many providers in both sectors are still at early stages or mid-stream levels across most of steps. Indeed, across the 6,300+ enterprises surveyed, only 8% consider themselves to have achieved transformation, and only a fraction over 16% believe they are well-advanced. Almost as many (23%) rate themselves to be still at the early stages.

The ICT Enterprise Insights program also examined the role of enabling digital technologies in path to digital transformation, including Big Data, blockchain, IoT, platform architecture/APIs, artificial intelligence (AI), and microservices. Here, enterprises are most advanced in adoption of Big Data and API-based architectures with close to 40% of enterprises actively trialing or deploying these areas, with just under a further 50% planning or considering to do so in the future. Microservices and IoT are less currently advanced in terms of active deployment, but over 50% of planning or considering to do so in the future. In contrast, while AI and blockchain are much discussed, actual traction by enterprises to use such technologies for digital transformation is much less developed.

Daniel Mayo, Director of IT Data Tools & Insights at Ovum commented: “IT vendors and service providers that deliver the solutions that enable digital transformation can leverage Ovum’s ICT Enterprise Insights to identify the market segments with the most opportunity – by country, industry, or size of company. Along with prioritizing market segments, the survey is an essential input in product planning, market messaging, and salesforce deployment.”

Based on the world’s largest annual IT decision-maker survey (covering 6,300+ enterprises across 63 countries, 80 technologies and 14 industries), Ovum’s ICT Enterprise Insights provides the unparalleled granular data that strategy, marketing and sales managers need to develop meaningful go-to-market initiatives.

Ovum has published a digital transformation infographic which presents some of the results of the recent survey.  More information on the Ovum ICT Enterprise Insights for 2018 can be found here.

To learn more about Ovum’s research and consulting business, visit: https://ovum.informa.com/about/about-us. Stay up to date with Ovum on Twitter and LinkedIn.

About Ovum

Ovum is a market-leading data, research and consulting firm focused on helping digital service providers and their technology partners thrive in the connected digital economy. Through its 150 analysts worldwide, it offers expert analysis and strategic insight across the IT, telecoms, and media industries. Founded in 1985, Ovum has one of the most experienced analyst teams in the industry and is a respected source of guidance for technology business leaders, CIOs, vendors, service providers, and regulators looking for comprehensive, accurate, and insightful market data, research, and consulting. With 23 offices across six continents, Ovum offers a truly global perspective on technology and media markets and provides thousands of clients with insight including workflow tools, forecasts, surveys, market assessments, technology audits, and opinion.

Ovum is part of the Business Intelligence Division of Informa plc, a leading business intelligence, academic publishing, knowledge and events group listed on the London Stock Exchange.

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