Digital transformation efforts changing companies, careers, teams on multiple fronts

A study by Deloitte and MIT Sloan Management Review highlights how managers expect their companies and careers to change in unforeseen ways due to digitization.
Written by Larry Dignan, Contributor

Companies that are more mature at digital business are more likely to partner, develop cross-functional teams and adopt ethics policies, according to a survey of 4,800 managers by Deloitte and MIT Sloan Management Review.

The study, which is in its eighth year, highlights that digital business transformation efforts are commonplace and now it's a case of maturation. The study also highlights how managers expect their companies and careers to change in unforeseen ways due to digitization. 

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Key findings include:

  • 80% of respondents from digital-maturing companies say their organizations foster partnerships with outside groups and partners. That percentage drops to 59% at companies that are developing their digital business skills and 33% at enterprises at companies in the early stages of transformation.
  • 83% of respondents at digitally mature firms use cross-functional teams.
  • 76% of digitally mature companies have adopted ethics policies compared to 62% at developing enterprises.
  • 35% of respondents across all companies say they are talking enough about the ethical implications of digital business.
  • 46% of CEOS say they are spending enough time on digital business ethics.
  • 44% of respondents agreed or strongly agreed that digital innovation is a strength of their organization. 35% disagreed or strongly disagreed.
  • 74% agreed or strongly agreed that their organization's leaders think digital innovation should be a core competency.
  • 34% of respondents said they disagreed or strongly disagreed that their companies put enough resources behind innovation.
  • 26% said 10 percent or less of their work involves the opportunity to experiment and innovate.
  • 21% said alignment of goals and strategy was the biggest challenge to leveraging digital innovation partnerships.
  • 74% of respondents said digital technologies and innovations have increased concerns about privacy.
  • 56% of respondents either agreed or strongly agreed that they will have fundamentally different careers in 10 years due to digital trends. 

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