Indian organisations are the most digitally mature globally as nine in 10 enterprises in the country have witnessed the entrance of new competitors as a result of digital technologies, a new report said on Wednesday.
Industry disruption is driving Indian businesses to transform digitally faster than global counterparts, the new research by Dell Technologies said.
"India is considered among the most digitally mature economies today and credit to the Indian government and India Inc. on driving our country's digital transformation agenda. India has the required potential to lead the world's digital transformation journey," said Alok Ohrie, President and Managing Director, India Commercial, Dell EMC, in a statement.
"Less than 10 % of Indian enterprises rate their IT teams as 'excellent' and 62 % are planning to invest over 30 % or more of the 2016 IT budget in transformation projects," the report said.
According to the results, 78 % of businesses believe digital start-ups will pose a threat to their organisation, either now or in the future and almost half (45 %) of global businesses surveyed fear they may become obsolete in the next three to five years due to competition from digital-born start-ups.
Given the acute threat of disruption, businesses are starting to escalate a remedy. To advance their digital transformation 73 per cent agree they need to prioritise a centralised technology strategy for their business.
While 66 % are planning to invest in IT infrastructure and digital skills leadership, 72 % are expanding their software development capabilities, the results showed.
"While transformation is not pervasive, it is critical for organisations to follow the leaders and adopt practices that can enable them to ride the wave of the fourth Industrial Revolution, added Rajesh Janey, President and Managing Director, India Enterprise, Dell EMC.
Dell Technologies conducted the survey in partnership with Greyhound Research.
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