Acorio: Most enterprises have some kind of digital transformation plans


Products You May Like

All the sessions from Transform 2021 are available on-demand now. Watch now.

Artificial intelligence (AI) and Machine Learning (ML) topped the list of strategic business initiatives according to a new report by Acorio and NTT Data company. 26% of respondents saying they had started their initiatives in the past year.

Above: Insight Vision 2021 Report

Image Credit: Acorio

Digital transformation efforts are increasing in every industry, but none more so than financial services and healthcare, Acorio said. During a period in which every company was forced to rethink its digital strategy due to the unforeseen toll of COVID-19, more than half of respondents to this year’s survey reported that their digital transformation initiatives started or increased in importance because of the COVID-19 pandemic. And, as companies eye what the future workforce looks like, nearly 40% of respondents listed return to work as a newly important priority for this year.

Nearly two-thirds of larger firms reported having digital transformation initiatives underway for a year or more, and 15% reported being almost done with their digital transformation initiatives. Last year, only 8% said they were almost done with their digital transformation initiatives.

Innovation in advanced automation is becoming intertwined with digital transformation efforts. In last year’s report, 46% of the largest companies surveyed (those with 10,000+ full-time employees) reported having ‘just started’ on artificial intelligence (AI) and machine learning (ML) initiatives. Only 21% of the same group reported the same stage in our 2020 survey. Meanwhile, 55% of those companies today report having AI, Machine Learning, and Automation initiatives underway for a year or more, increasing by 21% since last year.

Acorio’s 2021 ServiceNow Insight and Vision Report comes from the largest global survey focused exclusively on ServiceNow and Technology Transformation. With nearly 500 responses, this year’s third annual report is Acorio’s largest study conducted to date. The responses were gathered anonymously through an online platform and come from a wide range of industries including healthcare, technology, and financial services. 68% of takers from companies with more than 5,000 employee and 44% named themselves as directors or above.

Read the full Insight Vision 2021 report from Acorio.


VentureBeat’s mission is to be a digital town square for technical decision-makers to gain knowledge about transformative technology and transact.

Our site delivers essential information on data technologies and strategies to guide you as you lead your organizations. We invite you to become a member of our community, to access:

  • up-to-date information on the subjects of interest to you
  • our newsletters
  • gated thought-leader content and discounted access to our prized events, such as Transform 2021: Learn More
  • networking features, and more

Become a member

Products You May Like

Articles You May Like

Twitter Discloses, Fixes Bug That Prevented Account Logouts on All Devices After a Password Reset: Details
Researchers Uncover Years-Long Mobile Spyware Campaign Targeting Uyghurs
Researchers Uncover New Metador APT Targeting Telcos, ISPs, and Universities
Chinese EV maker Li Auto falls after it cuts delivery outlook; Beijing extends tax breaks for electric cars
Fast Company Shuts Down Website After Hackers Compromise Apple News Feed

Leave a Reply

Your email address will not be published.