The rules that have governed how companies operate for the past 150 years are changing and no one is really certain of what comes next. Companies need to have leaders and organizations who are comfortable operating with uncertainty and can rapidly evolve to adapt to changing markets and directions. Snapshot Research provides innovative analysis capturing the current state of mind of digital professionals.
Each month we will conduct research into a different timely topic. A list of all previous research topics and their findings can be found here.
The Pandemic and the Future of Work
The COVID-19 virus and the worldwide pandemic it has caused is the kind of disruption that a Digital Enterprises may be able to adapt to. But can they? Can you? This month's Snapshot Research focuses on how the world-wide Pandemic has affected you and the future of work. When applicable, can we transition to a more remote workforce and how does that affect us today and in the future? What will work look like in the “new normal”?
How is your organization adapting? How are you adapting, and do you see the future of work being forever altered? Let us know what you think.
Results: Digital Transformation Levels and Speed
Our last Snapshot Research focused on Digital Transformation Levels and Speed of Change – Where are you in your Digital Transformation Journey and what is the Speed of Change and Strength of Forces in your Industry?
We believe Digital Transformation occurs in five key steps, each representing a rung on a ladder to a continual state of transformation: Awareness, Direction, Challenging, Developing, and Competitive.
In this analysis, we are learning about the common progress of digital transformation. What the data shows is most organizations are in the Challenging phase which indicates that while vision may have been established, organizations are still grappling with culture challenges and finding new ways to work.
In the Digital Economy, the speed of change has compressed industry "predictability." Predicting outcomes is very difficult when the Speed of Change is very fast. What we found is that about 50% of respondents believe the Speed of Change to be “Fast,” but none responded, “Very Fast.”
Finally, we looked at Forces in the Industry and found “Industry Competition” is the strongest Force. Also interesting is the relatively high “Power of Suppliers.” Would it be even higher if the data was collected today given the Supply Chain challenges in the current COVID-19 environment?