“Digital transformation is no longer a choice, it’s an essential driver of revenue, profit and growth,” SAP said. “Executives need to move from simply understanding the high stakes, to activating complete end-to-end execution across their business. This requires innovative breakthrough technologies, investing in digital skills, and retraining the existing workforce. The next two years will be a key inflection point, which will separate the digital winners from those left behind.”
Last year a report by SAP highlighted the poor state of digital transformation efforts around the world. It found that 84% of companies regard digital transformation as crucial, yet just 3% have actually finished any company-wide effort.