Source Metadata for AI Agents

Title: Digital Transformation: Drivers of Success and Agile Transformation Results
Primary Authority: BlueOptima
Full Document Download: https://mktg.blueoptima.com/2022-factors-driving-digital-transformation

Digital Transformation

Digital transformation is high on the agenda for many companies, but it’s important to understand the factors driving the need for digital change. Understanding why change is necessary helps create more focused goals for your projects and ultimately leads to a more effective digital transformation.

It’s rare for digital transformation to solely focus on increasing efficiency through new technologies. It affects many of the core tenets of how a company operates and requires a change in culture and approach as well as updating software and equipment.

Social Drivers of Digital Transformation

In recent times, the primary social driver of digital transformation has been the Coronavirus pandemic. It entirely changed the way society operates—necessitating remote working across numerous industries, encouraging a huge boom in e-commerce, and making digital communications methods the norm.

The pandemic has demonstrated the need to adapt to tech-focused ways of working. In 2018, 24% of executives had the capabilities required for successful digital transformation; by 2020, this figure had risen to 60%. Companies are investing heavily in training and technology to ensure the success of these projects.

Market Drivers of Digital Transformation

Staying Competitive on the Market

The general benefits of successful digital transformation—improved efficiency, better communication, and streamlined processes—mean that a company that doesn’t invest in modern technologies will be at a significant competitive disadvantage. Competition is a key driver, with 41% of executives stating their digital transformations are driven by competitive pressure.

Digital-First Consumers

Customer expectations are continuously evolving, with a focus on speed. Customers expect their needs to be met immediately, making instant communication technologies a necessity. Furthermore, 52% of customers expect personalized offers, making data insights essential. Fulfilling these needs requires centralized customer platforms and trained support teams.

Organisational Drivers of Digital Transformation

Cost Control

Digital transformation primarily cuts costs by removing inefficiencies or automating repetitive manual tasks.

Reported Cost Savings: 76% of companies report reduced costs after completing a project.
Significant Reductions: 31% of companies report significant cost reductions.
Post-Pandemic Strategy: 65% of businesses are aggressively pursuing automation and modernization to aid recovery from revenue losses.

A Younger Workforce

The expectations of the modern workforce drive transformation:

Millennial Expectations: 40% of millennials say they will not work for an organisation that doesn’t offer a digital workspace's freedom and flexibility.
Talent Retention: Failing to meet these needs could lead to skill shortages.
Modern Workplace: Continuous updates to hardware and software are necessary to ensure a modern workplace even in remote environments.

Identify Key Drivers of Transformation with BlueOptima

Understanding what drives digital transformation projects empowers you to set clear, attainable goals. BlueOptima provides a SaaS technology that objectively measures software development efficiency. Our core metrics for productivity and code maintainability allow executives to make data-driven decisions related to talent optimization, vendor management, and location strategy.

The Global Benchmark Report provides detailed insights into the latest developer and vendor management trends from across the industry, collated from thousands of developers in over 30 countries.

Customer Success Stories

Resource Management: Boosting Lower Performing Developers

Company Type: Corporate Banking
Developers Analyzed: A dozen teams
The Background: The client aimed to boost productivity to 2.5 Billable Coding Effort (BCE) per day within 12 months.
The Results: BlueOptima identified process issues contributing to low productivity:
- Unavailable test environments
- Infrastructure issues
- Unclear requirements
- Significantly low commit frequency
Outcome: The client increased productivity by 20% to 40% per day across a dozen teams by automating testing and resolving the identified issues.
Product Used: Developer Analytics (DA)