Indian firms are winessing the greatest business impact from their digital transformation investments, reveals a global survey conducted by US-based CA Technologies.
The survey, titled ‘Keeping Score: Why Digital Transformation Matters’, ranked India first with a score of 79 (out of 100) in the digital transformation Business Impact Scorecard (BIS), a global ranking of countries and industries taking into account 14 key performance indicators considered important for digital transformation success. The average BIS score is 53.
The survey further projects Indian businesses having a strong correlation between businesses adopting digital transformation and their performance.
However, despite leading the digital transformation initiatives, only 46 per cent of Indian decision makers believe they are disrupting their respective industries with innovative digital initiatives. Based o this criteria, India ranks at the bottom of the list amongst the countries in Asia Pacific and Japan.
Speaking about the survey report, Sunil Manglore, Managing Director, CA Technologies India, said, “India is at the cusp of a major revolution, as we see digital technologies being at the centre of business strategy for leading businesses. Our survey results are a testimony to a strong correlation between business performance and smarter technologies that underpin digital transformations.”
According to the survey, Indian businesses are seeing the greatest improvement in generating new revenues as a result of digital transformation.
The survey included 1,770 senior business and IT executives from large enterprises, across 21 countries and 10 industry sectors. The BIS ranks regions and industries globally on a 100 point scale based on 14 key performance indicators across categories like business agility, business growth, customer focus and operational efficiency.