GEC NEWS WIRECommissioned by Red Hat, Harvard Business Review Analytic Services survey shows fostering culture of digital learning & shared accountability generate greater business outcomes
According to the results of a Harvard Business Review Analytic Services survey of 436 global business professionals, commissioned by Red Hat, companies that excel in digital leadership were found to be significantly more likely to have experienced revenue growth of 10 percent or more over the last two years.
The report, “Driving Digital Transformation: New Skills for Leaders; New Role for the CIO,” explores whether business leaders have the digital acumen to transform their organizations for today’s digital economy. The report revealed a gap between the knowledge and skills needed to drive digital transformation and the reality within the walls of most organizations. Less than a quarter (23 percent) of all survey participants are confident their organizations have the knowledge and skills to succeed in the digital aspects of their business.
Lee Congdon, CIO, Red Hat said “The results are a call to arms for CIOs to get ahead of the industry shift and drastically increase transparency between IT and other business leaders now, before their competitors leave them behind.”
The survey results reveal an overwhelming eagerness for digital knowledge among business leaders—especially when it comes to data—with close to three-quarters (73 percent) rating analytics extremely important to their area of the business. Only a fifth (20 percent) rate their own analytics knowledge and skills highly. Nearly half (45 percent) of survey respondents cite the lack of an appropriate forum the biggest barrier keeping them from learning about new technology from IT leaders. More than a third (34 percent) say their IT leaders are too busy.
