September 2018 //
Digital transformation is a top initiative for business and technology leaders. According to the ZK Research 2018 Priorities Study, 89% of companies now have at least one digital initiative underway, up from 84% in 2017. Fueling this trend is the fact that digital transformation enables companies to create new products and services, evolve business processes and dramatically increase revenue while reducing costs.
Businesses that master being digital will thrive and will successfully maintain their market leadership, while those that cannot do so will struggle to survive. Evidence of this is visible today, as 55% of the year 2000’s Fortune 500 companies have disappeared. Also, current economic data shows that the digital leaders control 79% of their respective industries’ profits and have an average of 71% market share.