Did You Know These Key Digital Transformation Statistics?

• Digital transformation is ranked as their organization’s top priority by 61% of company executives.

According to research, 61% of executives think that their companies’ top priorities are digital transformation.

• In the US and the UK, 94% of big firms have a digital transformation strategy in place.

Significantly, 94% of major organization decision-makers say their company has a plan in place for digital transformation. Merely 5% of respondents assert that they do not own a digital transformation plan.

• 81% of business leaders consider investments in digital transformation to achieving business success.

Research indicates that 81% of business leaders perceive investment in digital transformation as a critical or necessary element for achieving success in their organizations.

• Digital transformation is a key technology initiative for 74% of organizations.

Digital transformation ranks among the top 3 IT initiatives, closely behind cyber security (76%) and cloud (75%).

• 56% of US executives claim that ROI for digital transformation.

According to the majority of US respondents, the outcomes of investments in digital transformation have exceeded their expectations, in particular with boosting employee productivity, cost-cutting and improving customer engagement.

• 58% of organizations aim to boost their spending on digital transformation initiatives this year compared to the year before.

Over half of companies in the US and UK intend to increase their spending on digital transformation initiatives.

• 63% of executives worldwide have reported a performance increase from digital transformation initiatives over the past 2 years.

63% of executives worldwide have reported a performance increase from digital transformation initiatives over the past 2 years.

• Enhancing customer experience is one of the primary objectives of a digital transformation plan, according to 35% of firms.

Business decision-makers place improving customer experience, replacing old IT systems, and increasing operational efficiency as the top three digital transformation goals for 2024.

• By 2027, it is anticipated that spending on digital transformation will reach $3.9 trillion.

The amount spent on digital transformation was $2.5 trillion in 2024 and is expected to grow to $3.9 trillion by 2027.