As per the results of the Future Ready survey conducted by Dell in collaboration with KPMG 32% of the organizations have a formalized digital strategy in place in one or more business units.The survey was conducted with CIOs of 61 leading companies in India across various verticals to understand their views and approaches towards digital technologies.
The focus of the survey was to check organizations’ readiness towards facing digital disruption brought about by a set of disruptive technologies such as cloud, big data, IoT, mobility, and social amongst others.
The survey further reveals that 30% of the organizations do not have a formal digital strategy but are working on one. 25 % of the organizations have an enterprise-wide digital strategy.
Key Highlights of the survey
Top IT Spending Priorities Top IT spending priorities for 2015 include Mobile Technologies (88%), IT Governance, Risk & Compliance (82%), Business Intelligence (80%), Analytics (80%) and Enterprise Applications (76%).
Annual IT Budget For most organizations, the annual budget is more than 20 crore (27.5%) and about 23% of the organizations spend in the range of 1-10 crore on IT. Seventy percent of the organizations increased their annual IT budget by 10-20% in the last one year
Digital IT Spend, Role, and Responsibility 32% of the CIOs state that they spend 10-20% of their IT budget on digital technologies while 19% of the CIOs spend 20-30 %. As high as 19% of the CIOs spend more than 30% of their IT budget on digital technologies. Only 6% organizations have a full time digital strategy officer. Majority of the organizations do not have anyone tagged to their digital strategy. 45% of the respondents think that digital is a good contributor to revenue/profitability/customer service, etc. 28% of the respondents think that it is the mainstream contributor
Barriers for adoption The biggest barriers for adoption of emerging technologies in organizations are data sovereignty and privacy (71%), level of Technology literacy (58.3%), regulatory compliance (54%), understanding technological shifts (50 %) and physical control (29%)
Risks and Threats Cyber security is one the key threats which keep CIOs awake, 96% of the respondents recognize the risks posed by cyber-attacks. For 92% of the CIOs, the focus has shifted from catalyzing adoption to helping ensure the appropriate governance throughout the adoption lifecycle.