Egham, U.K., April 24, 2017
42 Percent of CEOs Have Begun Digital Business Transformation
IT-Related Changes Are No. 2 Business Priority
Survey of 388 CEOs by Gartner, Inc. in the fourth quarter of 2016 to examine their business issues and some areas of IT technology agenda impact. Most responding organizations were those with annual revenue of $1 billion.
A core set of digital attributes businesses must embrace to succeed over the course of the next decade. These are:
Innovate in agile ways
Predictively spot new opportunities
Demonstrate transparency and trust
Deliver unique and personalized experiences
Always on, operate in real time
In 2016, only 7% companies say they are able to achieve satisfactory performance in all the five areas.
You have to grow despite failure of certain projects or business plans. Business plan failure is normal phenomenon where businesses are trying to do business in the situation occurring in the future. But any successful business person has to learn from failure and plan better based better forecasts and risk management methods. One has to spot high expected return opportunities with low risk. Such opportunities are rare, but it is the spotting of such an opportunity before others and the capability to develop products and services to cater to that opportunity is the key to gain a foothold in the emerging businesses or existing businesses.