US Businesses Are Falling Behind When It Comes To Digital Transformation.
US businesses are currently trailing behind the global average in digital transformation maturity, with many organizations still in the early stages of this crucial shift. Significant barriers such as inadequate tools, insufficient employee training, and security vulnerabilities hinder progress, with a majority of companies relying on manual processes rather than automation. The financial implications are stark, as underutilized technology could lead to an estimated $104 million in losses in 2024, highlighting the urgent need for effective digital adoption strategies.
- The findings suggest that without addressing foundational issues in security and employee training, US companies risk not only falling further behind but also missing out on potential returns from digital transformation investments.
- What innovative strategies could companies implement to overcome these barriers and accelerate their digital transformation efforts?