What are the key reasons for required restructuring measures?
Are you digital-ready?
- The Internet of Things, Digital Disruption, Big Data – all of these are linked to one global megatrend that currently shapes our economic future more than anything: the digitization.
The awareness to become digital-ready has grown in nearly all industries. But the step from awareness to execution is a big one. That is the finding of our latest research and that has been confirmed in a joint workshop by Roland Berger and the Big Data experts of blue yonder in Munich recently.
Low digital maturity
“European industry leaders feel a high level of frustration for not being able to execute digital strategies,” the COO of a leading digital company told us.
Figures from our joint study with the BDI on the digital transformation of industry (download below) confirmed this statement: 45% of German industry decision-makers have not examined the implications of digitization in sufficient detail. Two-thirds of the companies consider their digital maturity to range from low to moderate.
Five major obstacles to the digital future
The workshop participants in Munich validated this picture: “For us, it is completely unclear, how to execute the various change towards digitization in the current culture of our company,” said a manager of a German automotive supplier. A participant from a DAX corporation added: “We have set up teams for the digital change. We have management attention. But the culture in our organization is so slow.” Besides the cultural deficits, the staffing is an issue in many companies: “We see unlimited digital use cases. But we lack the people,” the CIO of a mobility provider said.
Based on our assessment and the feedback from the workshop, the ability of organizations to execute digitization is limited by five major obstacles – all of them closely related to culture and staffing:
- Organizational silos
- Risk adversity
- Inflexible processes
- Lacking skill set
- Lacking speed