Business Wire

ISACA Research: Only Half of Organizations Say Their Leaders Are Digitally Literate

Jaa

Only half (53 percent) of surveyed business technology professionals believe their organization’s leadership is digitally literate, according to ISACA’s new Digital Transformation Barometer research. The other 47 percent either don’t think their business leaders have a solid understanding of technology and its impacts, or are unsure. In addition, the global research study tempers the hype surrounding some emerging technologies, as respondents reality checked which technologies will be rapidly adopted, cautiously tested or parked for future consideration in the digital transformation crusade.

This press release features multimedia. View the full release here: http://www.businesswire.com/news/home/20171114006801/en/

ISACA's Digital Transformation Barometer looks at the impact of digitally literate leaders and the h ...

ISACA's Digital Transformation Barometer looks at the impact of digitally literate leaders and the hype vs. reality of emerging technologies. (Graphic: Business Wire)

The findings were released today and paint a concerning portrait for the progress to date, and future of digital transformation across the globe. The Digital Transformation Barometer data delves into digital transformation and digital literacy within leadership, as well as emerging and disruptive technologies within several industries. The full research report and additional resources can be found here.

“With this research, ISACA’s global membership provides a digital transformation reality check that assesses actual technology adoption plans, levels of sentiment of support and concern, and monetary commitments to deploy emerging technology by geography and industry,” said ISACA CEO Matt Loeb, CGEIT, CAE. “The resounding message from our research is clear: senior leadership needs to invest in increasing its digital fluency. Organizations with digitally fluent leadership are more clearly recognizing the benefits and risks of emerging technologies.”

Research Highlights:

Digital Literacy and Receptiveness to Emerging Technologies Among Leadership

A concerning 47 percent aren’t confident that their leaders are digitally literate, the data indicates. With nearly a quarter of these same leaders noted as needing a stronger understanding of technology’s benefits and risks, digital literacy of global organizations’ leadership across the industry and geographical spectrum is in question.

Despite the sense of urgency to embrace digital transformation across the board, less than a quarter of organizations said they believe their senior leadership is very receptive to adopting emerging technologies. Half of leadership teams are considered moderately receptive and one in five (20 percent) are not receptive.

Furthermore, challenges with digital literacy and receptivity to adopting emerging technology are not limited to the C-suite. Broader organizational challenges and cultural resistance play a role in the process of deploying certain digital transformation technologies.

  • Almost half of global respondents anticipate facing organizational challenges or resistance when deploying AI/machine learning/cognitive tech (49 percent), public cloud (48 percent), and Internet of Things (46 percent).
  • Roughly a third of respondents anticipate the same kind of resistance when deploying blockchain (34 percent) or big data analytics (31 percent).

Perceptions and Plans for Emerging Technologies: Hype vs. Reality

Big data analytics ranked highest in the chance of delivering transformational value to organizations (38 percent), easily besting AI/machine learning/cognitive (20 percent), public cloud (18 percent), IoT (14 percent), blockchain (7 percent), and AR/VR (2 percent). Big data analytics was also the leader in intended deployment plans for the coming year.

At this point, respondents believe AR/VR appears as more of a wishlist item rather than reality as most organizations are not deploying the technology yet.

The IoT and Public Cloud Are Still Considered Risky Business

Technologies such as Internet of Things lie at the heart of many companies’ digital transformation, but, according to the ISACA research, many respondents still consider IoT and public cloud to be quite risky:

  • Sixty-six percent of global respondents ranked Internet of Things to be among the technologies as ‘high risk.’
  • Perhaps because of the few, but very public, data breaches in the news that came from IoT devices, the resistance to IoT adoption is high in sectors most affected, including healthcare (71 percent) and government/military (69 percent).
  • Seventy-four percent of surveyed business technology leaders are moderately to extremely concerned about their organization’s ability to safeguard connected devices in IoT.

“Emerging technologies have to be embraced,” said Loeb. “As the research shows, the reluctance to deploy them is linked to the need to understand and mitigate the risks of doing so. Organizations that implement a strong information and technology governance program will better understand their capabilities, which leads to more effective risk management and increased confidence in deployment of these technologies.”

About ISACA’s Digital Transformation Barometer

The ISACA Digital Transformation Barometer research, conducted in the second quarter of 2017, surveyed 4,164 information technology professionals worldwide. Results are at www.isaca.org/digital-transformation-barometer.

About ISACA

Nearing its 50th year, ISACA® (isaca.org) is a global association helping individuals and enterprises achieve the positive potential of technology.

Twitter: https://twitter.com/ISACANews

Contact information

ISACA
Michelle Micor, +1 847-385-7217
communications@isaca.org
or
Tassi Herrick, +1 308-539-1883
ISACAPR@ogilvy.com

Tietoja julkaisijasta

For more than 50 years, Business Wire has been the global leader in press release distribution and regulatory disclosure.

Tilaa tiedotteet sähköpostiisi

Haluatko tietää asioista jo ennen kuin ne uutisoidaan? Kun tilaat tiedotteemme, saat ne sähköpostiisi yhtä aikaa suomalaisen median kanssa. Tilauksen voit halutessasi perua milloin tahansa.

Lue lisää julkaisijalta Business Wire

AI Expo: What Not to Miss at the AI Expo Europe Next Week Including Female Expert Speakers20.6.2018 12:00Tiedote

Arriving in Amsterdam next week on the 27-28 June, the second annual AI Expo Europe event will be co-hosted with two co-located events covering the IoT and Blockchain ecosystem; IoT Tech Expo & Blockchain Expo. With over 9,000 top-level attendees already registered including CTO’s, CDO’s, Heads of Innovation & Technology, IT Directors, Developers, Start-Up’s, VC’s, OEM’s across a range of industries including but not limited to; Marketing, Automotive, HR & Recruitment, Finance, Insurance, Government, Public Sector, Retail, Industrial, Healthcare, Education, Cyber Security and Developer platforms. The AI Expo will showcase the most cutting-edge technologies from more than 300 exhibitors and provide insight from over 300 speakers sharing their unparalleled industry knowledge, real-life experiences, valuable case studies & dedicated Q&A sessions. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20180620005048/en/ Leading female AI

Alibaba Group and Kantar Join Forces to Redefine Brand Building at ‘China-Speed’20.6.2018 12:00Tiedote

Kantar and Alibaba Group announced today, during Cannes Lions International Festival of Creativity, the launch of their new partnership to redefine brand building in China by co-creating an integrated ‘insight to activation’ platform that will help CMOs to develop, measure and optimise their marketing activities at ‘China Speed.’ Together, they will help brands realise the vision of ‘real time’ brand and campaign management. Today, marketers of Chinese and global brands alike see their marketing strategies outpaced by the scale, scope and speed of China’s consumer market and media transformation. To address these needs, the first phase of the partnership focused on unifying fragmented brand metrics into a new integrated ‘insight-to-activation’ platform, enabling brands and businesses to make more agile decisions. Kantar mapped and validated Alibaba’s Marketing KPI ‘Consumer Asset’ framework (launched in 2017) to Kantar’s broader portfolio of marketing KPIs. With the validation of the C

Deutsche Bank Moves Reconciliation Services to SmartStream to Further Improve Processing and Reduce Costs20.6.2018 11:00Tiedote

As part of a wider strategy to adopt industry utilities, Deutsche Bank has selected SmartStream Technologies’ Centre of Excellence (CoE) to provide an off-site operations platform - including three services which will allow the bank to streamline, simplify and reduce the costs of its reconciliations environment. With the growth in volume of reconciliations, the processing of large quantities of data has become complex. Many financial institutions are exploring utilities to ensure accuracy and cost savings. With the addition of the CoE to Deutsche Bank, SmartStream will provide the bank with three distinct managed services: Reconciliations On-Boarding, Production Support and Operational Reconciliation Services. The new services will improve processing of reconciliations by making it faster and more cost-effective. The integration of the overall service will be done in a phased approach, where Deutsche Bank will increase productivity and reduce costs through mutualisation. SmartStream’s

AETOSWire Launches Its Innovative Press Video Service20.6.2018 10:00Tiedote

AETOSWire, the news distribution arm of News Services Group and the exclusive representative of Business Wire, a Berkshire Hathaway company, in the MENA region, launched the innovative Press Video Service that transforms textual press releases into a less than 60-Seconds Animated Press Video. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20180620005113/en/ To keep pace with the ever-evolving and advancing communications landscape, AETOSWire always aim to anticipate the future needs of its clients and stakeholders. The Press Video is one of the latest services launched by AETOSWire along with a few most sought-after communication services, like the Audio Alerts for Journalists, to mark its 10 years in the industry. The Press Video came about as a response to the influx of press releases on various media outlets, whereby clients’ messages would get lost in the mound of press releases. With thousands of news available online, cl

Tigo Awarded Patent for Flex MLPE Platform20.6.2018 09:00Tiedote

Tigo®, pioneer of the Smart Modular Flex MLPE platform, today announced that it has been granted its most important and industry strategic hardware patent applying to the smart technology used in its flexible module-level power electronics (Flex MLPE) within solar junction boxes. Tigo’s connection box with reliable and inexpensive contacts for solar modules is now patented to enable the use of multiple types of passive and active covers for different functionalities in the junction box. To learn more, Tigo will be displaying its Flex MLPE during Intersolar Munich 2018 from June 20th – 22nd with multiple OEM and distribution partners. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20180619006499/en/ The Flex MLPE's contacts within the junction box allow for high current, exposure to extreme elements, and interchangeable covers. (Photo: Business Wire) U.S. Patent 9,991,843 is Tigo’s 56th patent issued by the U.S. Patent and Trad

Ant Financial to Share Full Suite of AI Capabilities with Asset Management Companies20.6.2018 04:10Tiedote

Ant Financial Services Group (“Ant Financial” or “the Company”) today announced that the Company will share a full suite of AI capabilities with asset management companies in China to support their digital transformation. Following its successful launch last year, Caifuhao, an AI-powered corporate account on the Ant Fortune platform, has brought tangible benefits to 27 fund management companies. “By combining Ant Financial’s AI technologies with the capabilities of asset management companies in investor education and fund management, together we are making customized wealth management services more accessible for ordinary users,” said Eric Jing, Executive Chairman and CEO of Ant Financial. With the support of AI-powered services offered by their Caifuhao account, including operational optimization, content generation, compliance and risk management, 27 fund management companies have been able to increase their operational efficiency by 70% while reducing their overall costs by 50%. Add

Uutishuoneessa voit lukea tiedotteitamme ja muuta julkaisemaamme materiaalia. Löydät sieltä niin yhteyshenkilöidemme tiedot kuin vapaasti julkaistavissa olevia kuvia ja videoita. Uutishuoneessa voit nähdä myös sosiaalisen median sisältöjä. Kaikki STT Infossa julkaistu materiaali on vapaasti median käytettävissä.

Tutustu uutishuoneeseemme