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Share Name | Share Symbol | Market | Type |
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Computer Sciences Corp. | NYSE:CSC | NYSE | Ordinary Share |
Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
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0.00 | 0.00% | 69.01 | 0.00 | 01:00:00 |
C-Level Executives Explore Linkage Between Digital Transformation and Business Success
Investment in Next-Generation Digital Technology — Including Applications Services, Cloud, Collaboration Software, and Mobility — is Seen as Increasing Over the Next Three Years
Large, global companies that extensively employ digital technologies see greater performance, efficiencies and collaboration than companies that have not fully taken advantage of those technologies, according to a study of senior IT and non-IT executives conducted by The Economist Intelligence Unit (EIU) on behalf of CSC (NYSE:CSC).
The report, “What Makes Digital Leaders: A Full C-suite Perspective,” explores the linkage between digital technologies and business success. It reveals corporate decision-makers’ wide-ranging views on the strategic benefits and operational value of information technology (IT), current investments in IT, and how businesses intend to adopt digital technology over the next three years. More than 500 CEOs, senior IT executives and other C-level executives from global enterprises participated in the survey.
A select eight percent of respondents were identified as “digital leaders” because their organizations are entirely digital across major functions. Digital leaders enjoy distinct advantages: they far more often view IT as crucial to meeting their companies’ strategic goals, are more often globally integrated than other companies, and are much more effective at information sharing across functions and regions. Additionally:
“Digital leaders are far more confident than those at other companies regarding IT’s ability to deliver both the technology and strategic benefits that will support growth, performance and client satisfaction,” said Dan Hushon, CSC’s chief technology officer. “Digital technologies, such as cloud computing and mobile applications, have the potential to transform fundamentally the way businesses operate. Companies looking to develop an IT strategy for the fully digital future could gain valuable insight from the approaches that have worked so well with these digital leaders.”
Most Companies Lag in Digital Adoption
While indicating investment in IT will increase over the next three years, the study found that most companies have yet to fully take advantage of newer digital technologies. According to those surveyed, while digital leaders more often put a high value on IT’s contribution to the organization, many companies regard IT as operationally helpful but not crucial to strategy. Among respondents:
“In general, the survey found that most companies expect to become more digital,” said Josselyn Simpson, Americas editorial director, thought leadership, EIU. “Digital leaders are enjoying certain advantages, the survey shows, and companies that take a cue from these pioneers to develop effective linkages between their business and digital strategies should be able to see similar improvements.”
Alignment between digital technology and business strategy is a key theme in nine in-depth interviews that CSC published alongside the EIU’s survey findings, featuring prominent IT executives from leaders such as Mastercard Inc., Société Générale, Varroc Lighting Systems and others.
"We’re transforming the infrastructure with the cloud, which brings elasticity to our platform. We’re transforming the way our IT teams deliver services with DevOps. And we’re transforming the digital architecture in ways that are specific to each group’s business plan," said Carlos Gonçalves, CIO, Global Banking & Investor Solutions, Société Générale.
Regional and Key Industry Trends
Respondents from North American companies believe they more often drive IT strategy than their counterparts in other regions, and more often that IT is crucial or useful to reaching the company’s strategic goals. Companies in Europe, the Middle East and Africa (EMEA) largely see digital investments as a way to drive efficiency and cost reductions. Respondents from Australia, China, India and Singapore are embracing mobile technologies to fuel business growth. Additionally, findings among industry sectors include these:
Notes to editors
The EIU report, sponsored by CSC, is based on a survey conducted in March 2016 of 514 respondents comprising CIOs and senior executives at companies across a range of industries and geographic regions. The breakdown by role is as follows:
Supporting Resources
Media Kit
Slideshow
Report with IT Executive Interviews
Regional and Industry Articles
About CSC
CSC (NYSE:CSC) leads clients on their digital transformation journeys. The company provides innovative next-generation technology services and solutions that leverage deep industry expertise, global scale, technology independence and an extensive partner community. CSC serves leading commercial and international public sector organizations throughout the world. CSC is a Fortune 500 company and ranked among the best corporate citizens. For more information, visit the company’s website at www.csc.com.
View source version on businesswire.com: http://www.businesswire.com/news/home/20161013006031/en/
CSCSara Herrmann, 571-255-9863Corporate Media Relationssherrmann@csc.comorNeil DeSilva, 703-245-9700Investor Relationsneildesilva@csc.com
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