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The 300 Essential Stats on Business & Digital Transformation You Need to Know: Part I - Overall Edition (Wikibrands 2019 version)
1. Curated by Managing Director Sean Moffitt @SeanMoffitt and the @Wikibrands Transformation Collective
The 300 Essential 2019 Statistics on:
Business & Digital Transformation
Leading insights, foresights & Best Practices for Accelerating Business Change & Digital Maturity
WIKIBRANDS The Transformation & Futureproofing Experts
www.wiki-brands.com
PART 1 – THE OVERALL EDITION
2. THE BIGGEST COMPENDIUM OF
BUSINESS TRANSFORMATION
AND FUTUREPROOFING STATS
AVAILABLE
#TRANSFORMATION300
3. Our Insight-filled, Data-based Special Sauce
▶ Variety & Credibility - Distilled from 30 different reputable sources
including 5+ of our own proprietary studies.
▶ Current - All 2017 and 2018-based statistics.
▶ Holistic - Deals with business transformation from 15 key relevant facets.
▶ Digitally-Savvy – Acknowledges the power of digital and technology to
transform business in the connected age.
▶ Helpful – Designed to make the case for your business change, digital
transformation and any angle of opposition to change.
5. “The future is so VUCA(volatile, uncertain, complex, ambiguous). Companies
really only have three choices for sustainable marketplace
advantage.
You can anticipate better and futureproof.
You can disrupt the market and innovate.
Or you can disrupt yourself and transform.
Choose one, or all three, but do it now.”
Sean Moffitt, Managing Director, Wikibrands
10. Transforma)on Stat #1 – Business Lifespan:
By 2020, the average lifespan of
a company will be 9 years,
down from 61 in 1960.
Source: Wikibrands, 2018
#THEFUTUREISVUCA
11. Transforma)on Stat #2 – Pace of Business:
The world is 7.7X faster than it
was a genera1on ago.*
(*Average rate of change across 50 marketplace changes)
Source: Wikibrands, 2018
#THEFUTUREISFASTER
12. Transforma)on Stat #3 – Corporate Darwinism:
Since 2000, 52% of Fortune 500
companies are either bankrupt or
cease to exist.
Source: Columbus, 2018
#transformationsurvival
13. Transforma)on Stat #4– Disrup)ng the Leaders:
Digital disrup1on will replace 4
out of 10 incumbent companies of
an industry over the next 5 years.
Source: Cisco Digital Vortex, 2017
#disruptionisreal
14. Transforma)on Stat #5– The Transforma)on & Innova)on Growth Gap:
The most innova1ve companies
are expec1ng revenue growth of
+62% over the next five years,
the least innova1ve are expec1ng
+21%.
Source: PwC, 2018
#transformationambition
15. Transforma)on Stat #6 -‐ Market Expansion:
86% of organiza1ons say that
digital business has prompted
them to enter, or consider
entering, a new market.
Source: Accenture, 2017
#TransfOrmationexpansion
16. Transforma)on Stat #7 – Radical/Transforma)ve Expansion:
More than 3/4s of businesses
expect to be compe1ng in a new
segment of business over the
next 3 years.
Source: Accenture, 2017
#TransfOrmationHORIZON
17. Transforma)on Stat #8 -‐ Transforma)on Drives BoRom-‐Line Performance:
Transforma1on is expected to
boost the bobom line of
companies,
EBITDA with successful “digital
hero” companies is +37% higher
than peer companies.
Source: Simon Kucher Global Pricing & Sales Study, 2017
#TransfOrmationBOTTOMLINE
18. Transforma)on Stat #9 = Transforma)on-‐led, Market Share Growth:
85% of leaders say
transforma1on efforts have
increased market share,
vs. 39% for others.
Source: SAP, 2018
#TransfOrmationSHAREGROWTH
19. Transforma)on Stat #10 – No Safe Disrup)on Havens:
93% of organiza1ons are
expec1ng massive disrup1on of
their industry over the next 24
months.
Source: Wikibrands Digital Transforma1on Playbook 2018
#disruptionisreal
20. Transforma)on Stat #11 -‐ Outside Threats:
55% of execu1ves believe their
biggest future compe11on over
the next two years will be from
outside industry;
42% from new digital market entrants
13% from new non-‐digital market entrants.
Source: Accenture, 2018
#disruptionTHREATRADAR
21. Transforma)on Stat #12 -‐ Connec)on & Scale:
7 out of 10 new business models
will develop via some marriage of
crowd shihs with technology.
Source: Wikibrands, 2018
#TRANSFORMATIONPEOPLEANDTECH
22. Transforma)on Stat #13 -‐ New Economy Growth :
The digital economy is expected
to grow at triple the pace of the
rest of the economy, genera1ng
$23 Trillion in commerce by 2025
(26% of the world’s economy).
Source: Huawei’s Global Connected Index, 2018
#THEWORLDISDIGITAL
23. Transforma)on Stat #14 -‐ Confidence Factor:
Only 20% of execu1ves report
feeling prepared on how to
address industry disrup1on.
Source: Accenture, 2018
#TRANSFORMATIONREADINESS
24. Transforma)on Stat #15 -‐ The Faint Echo of Disrup)on:
Only 31% of execu1ves are
ac1vely responding to industry
disrup1on.
Source: Cisco, 2018
#TRANSFORMATIONREADINESS
25. Transforma)on Stat #16 -‐ Front-‐line Confidence:
71% of the front line employees
of digitally immature companies
are not confident in their
business direc1on.
Source: Deloibe, 2017
#TRANSFORMATIONATTHEFRONT
26. Transforma)on Stat #17 – Transforma)on’s Top Challenge:
The #1 challenge of
transforma1on is developing new
business models to cope with
increased connec1vity and
engagement.
Source: CIO Report, 2018
#TRANSFORMATIONchallenges
27. Transforma)on Stat #18 – The Macroeconomic Impera)ve:
Shelter, insurance & pensions and
healthcare have gone from 24%
of household spending to 34%
over the last 45 years.
Source: U.S. Bureau of Labor 2017
#TRANSFORMATIONTARGETS
28. Transforma)on Stat #19– Transforma)on Partner/Vendor Criteria :
The top criteria that clients look
for with outside transforma1on
partners:
① Industry Thought Leadership
② Track Record of Results
③ Partnership Mindset
④ Commitment/Work Ethic
⑤ Trust/Credibility
⑥ Business Exper1se
⑦ Good Value
⑧ Technical Exper1se
⑨ Strategic Savvy
⑩ Strong Communica1on Skills
Source: Wikibrands Digital Transforma1on Playbook, 2018
Consult WIKIBRAND”S digital transformation Playbook
29. Transforma)on Stat #20 – The Corporate Headquarter Mandate :
“Digital Transforma1on” and
“Innova1on” were seen as the top
two capabili1es of a corporate
headquarters.
Source: Roland Berger, 2018
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II- LEADERSHIP/STRATEGY III- OPERATIONS/TECH IV- CULTURE/TALENT
V- CUSTOMER/BRAND VI- INNOVATION/FORESIGHT