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Correlation between transformation and success
In carrying out its research, Monstarlab and FT Longitude gathered the thoughts of 875 business leaders, including 44% from the C-suite. They represented diverse industries and markets in the US, Europe, Japan and the Middle East.
Key findings are as follows:
Pioneers outperform competitors: The study reveals a significant correlation between elite digital transformation performance and business success. Pioneers witness remarkable revenue growth, increased profitability and enhanced share value. They also outperform procrastinators across several arenas, such as productivity, innovation and employee satisfaction.
Digital transformation fuels broader impact: Beyond financial success, digital transformation supports businesses in fostering positive social impact. The contrast between pioneers and procrastinators across social and environmental domains is stark. For instance, 87% of pioneers report reduced carbon footprint, compared to only 25% of procrastinators.
The Middle East leads in digital transformation: Demonstrating a strong commitment to nurturing digital innovation, the Middle East boasts the highest average digital transformation scores, with the US following closely behind.
Read the full report: Decoding Digital Excellence: Blueprint of Industry Leaders in the Digital Landscape
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