10 Nov 2017Previous Page
In a recent report by Fujitsu, a leading provider of IT products and services, found that almost three-quarters of medium to large Irish businesses feel as though they are expected by customers to become more digital. In addition to this, they found that in comparison to their direct competitors they are losing ground due to a lack of digital facilities, resulting in 80% of companies feeling that they are being left behind.
In the report entitled “The Digital Transformation PACT”, Fujitsu observed how the digital transformation is being handled by organisations, looking at the four major strategic elements of digital transformation: people, actions, collaboration and technology.
When surveying Irish businesses, they found that there was a high abandonment rate, with four in ten projects being cancelled at an average cost of €137,625. Furthermore, one in five businesses have had a project fail, costing an average of €831,500. Although this is a lower failure rate than the global average, the average cost of the failed project in Irish businesses is significantly higher than the international average €555,000.
Despite this, Irish businesses understand that the need for a digital transformation goes far beyond the introduction of the latest technology, so are looking at their strategies to identify which key areas to work on. For the Irish businesses surveyed, customers were cited as their biggest motivation for change, with 50% of businesses already putting practices in place to improve. In addition to this, a further 30% of companies are already undergoing transformation and testing their latest digital projects.
Tony O’Malley, CEO Fujitsu Ireland, states that “technology can be truly transformative, but making the most of digital requires more than the latest tools”. He goes on to explain that there are still some setbacks with Irish companies adopting new technologies in the form of costs and skills.
“Many Irish organisations are now incorporating digital strategies into their overarching business strategies; however to realise their digital vision, it’s crucial that businesses have the right breadth of skills, processes, partnerships and technology in place. As the business landscape continues to evolve, business leaders are aware that failure to adapt will result in being left behind as adaptive competitors reap the rewards of their agility.”
Despite O’Malley’s statement, 95% of those surveyed understand that their company lack the skills required to keep up with the digital age. With technology evolving rapidly, it is necessary to have a team of people who have a comprehensive understanding of the digital world to ensure the company keeps up with the demands of the industry.
In addition to this, finding people with the right skill set to manage your digital project is hugely beneficial to the digital development of the business. By prioritising areas that your company needs to improve on, you can look at what skills are needed in order to push your project to the next level.
If your company is looking to undergo a digital transformation, ensuring your business has the necessary skill sets in place is one of the key steps. Here at Eolas Recruitment, we can help you find the perfect candidate to meet your requirements. We have many experienced candidates looking for Analyst or Project Manager jobs in Ireland who will be able to assist your digital transformation. On the other hand, if you’re an IT professional looking for a role in the industry, we have an average of 240 live roles on-site to choose from.
To find out more information, get in touch today via our contact page or by giving us a ring on 012866666 to find out more information.