Momenta Partners Announces Preliminary Findings of Digital Transformation Survey, Launches Digital Leadership Council
ZURICH, Switzerland and NEW YORK (PRWEB) October 11, 2018 -- Momenta Partners, global advisors for Connected Industry, announced preliminary findings from their Digital Transformation survey.
Momenta recently surveyed 125 global, digital leaders across a broad range of Connected Industry companies and market sectors to benchmark how they are organizing to maximize returns from digital investments. Responses were segmented to highlight unique challenges and needs of larger companies that are executing digital strategies.
Some of the key findings include:
1. Winners and Losers: Many large companies are accelerating their digitalization strategies, creating early leaders and potential winners: 50% describe themselves as evaluating digital strategies, 20% as piloting these strategies, and 30% as deep in execution.
2. Models of Success: Companies in the execution phase are structuring and prioritizing their initiatives differently than those that are in the evaluation stage of digitalization investments, suggesting replicable models and approaches.
3. Innovation over Optimization: Innovation of products and business models are the key driver for large companies’ digitalization strategies. Only a small minority of companies cite cost reduction or process simplification as the primary motivator of their digital investments.
4. Top-Line Growth: Key indicators of success are largely top-line oriented focusing on new revenue streams rather than optimizing existing core processes, and is expected to remain a constant across the next three years.
5. Lack of Inspiration: Sources of insight and inspiration were widely disparate indicating that the traditional sources of insights and best practices are losing relevance.
Momenta will be hosting a conference call on Thursday, November 8 to review results of the survey in detail along with other findings. Dial-in details will be provided beginning two weeks before the call.
Responding to the insights from the survey, Momenta Partners is launching the Digital Leadership Council, a practitioner community focused on corporate leaders executing digital strategies. Reflecting on the unique challenges and informational needs of companies in the execution stage of digitalization, the Digital Leadership Council will focus on sharing best practices, business cases, and tools and templates to help accelerate digital transformation; minimizing conflicts between legacy and existing businesses, helping to hire and retain unique talent and improving coordination of diffused digital initiatives.
"Over the years, we've been privileged to build deep relationships with some of the most distinctive leaders and disruptors in Connected Industry," said Ed Maguire, Insights Partner with Momenta Partners. "This survey provides a clear indication that digital transformation is accelerating while practitioners remain largely siloed in their efforts. This is why we are launching the Digital Advisory Council to harness the power of this deep practitioner community."
About Momenta Partners:
Momenta Partners are Connected Industry Growth Partners, with industry-leading Advisory, Talent, and Ventures practices, accelerating the growth of Connected Industry companies globally since 2012. For more information, visit http://www.momenta.partners, join the @MomentaPartners conversation or contact info (at) momenta (dot) partners.
Media Contacts:
Momenta Partners
Sandra Mueller
info (at) momenta (dot) partners
+1 415 366-6632
Ed Maguire, Momenta Partners, https://www.momenta.partners, +1 415 366-6632, [email protected]
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