Digital transformation thwarted by insufficient talent

Riia O'Donnell | September 06, 2018

Digital transformation thwarted by insufficient talent
New research from Nintex reveals that a third of companies follow a digital transformation policy for only one year or less, according to The State of Intelligent Process Automation Study. The report also found that 64% of the companies studied had plans in place for three years or less. Companies that fail to meet their expectations after launching a digital transformation program said they needed more executive buy-in, sufficient in-house talent and transformation-specific leadership to be successful. As decision makers push for improvement, 67% of managers are prioritizing IT hires, half are looking for project management staff and another 46% are searching for consultants in growth strategy. Poor communication from company leadership is cited as a barrier to a successful transformation. A little less than half (53%) of employees understand what a digital transformation plan is. Only 27% of non-managerial staff knew about their company's efforts toward digital transformation even though 67% of managers were aware of such plans. An overwhelming majority of respondents (94%), however, said they believed their shift to digitize would provide valuable return on investment.

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The People Matters Workforce Analytics Conclave 2016, a first of its kind analytics conclave focused on key developments in HR technology was held on 3rd March 2016 in Mumbai. This Conclave brought together leading thought leaders to discuss the trends, opportunities, and challenges in the analytics


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