Digital skill development one of biggest challenge: Infosys
According to the report, 54 percent of respondents said building digital skill sets is a major challenge for organizations, highlighting the lack of digital skill set available.
Transforming from a low-risk organization to one that rewards experimentation (43 percent) and lack of change management (43 percent) were other barriers highlighted by the respondents.
"...more than half of all respondents surveyed, rank focus on digital skillset as the most important factor in successful transformation, followed by senior leadership commitment and change management, implying the need for a conducive organizational culture," the report said.
The research identified three clusters of respondents based on the business objectives behind their digital transformation initiatives -- Visionaries (22 percent), Explorers (50 percent) and Watchers (28 percent).
While Watchers and Explorers are primarily focusing on emerging technologies like Artificial Intelligence (AI), Blockchain and 3D printing for digital transformation initiatives, Visionaries are not only looking at emerging technologies but are also focusing strongly on core areas such as mainframe and ERP modernization, the report said.
Also, building in-house capabilities were on the list of 76 percent of Visionaries, who were keen on acquiring digital native firms, to quickly gain the digital skills that 71 percent of the Visionaries believed were lacking in-house.
Thereby, showcasing the increasing trend towards acquisitions and development of a sustainable ecosystem. Comparatively, the proportion of Explorers and Watchers looking at the acquisition and ecosystem options was negligible, the report said.
"Navigating the digital disruption requires companies to drive a holistic approach to transformation and foster a digital culture that brings together leadership commitment and a renewed approach to skill building," Infosys Chief Operating Officer Pravin Rao said.
(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)