52% of firms have experienced industry disruption from new technologies

The increasing global emphasis from firms to digitally transform their operations in order to remain competitive has seen a huge increase in the uptake of disruptive new technologies such as IoT, AI and the cloud.

“The next industrial revolution is already here,” said Mohammed Amin, Senior Vice President, Middle East, Turkey, & Africa, Dell EMC. “Two-thirds of businesses worldwide may be at risk of losing significant market share and market value over the next three to five years, being made obsolete by more agile and technologically-superior competitors.”

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According to a new Digital Transformation Index, report commissioned by Dell technologies, over half of firms (52%) have already experienced disruption to their industries as a result of new digital technologies and digital transformation processes.

The study also reveals that companies are not only experiencing digitization, but also feeling the pressures of it, with 78% of 4,000 business leaders surveyed stating that they see digital startups as a threat.

Further, as many as 62% of companies have seen new competitors emerge within their industries as a result of new digital technologies and the initiatives that they power.

“This data either translates into an opportunity or threat depending on the advancement of the organization’s digital transformation journey,” Amin continued. “At Dell EMC, we believe that this monumental change is rich with opportunity, but, for these businesses to play a role in this next industrial revolution, they must take the necessary steps to transform digitally, which are crucial to success in this competitive age.”

For more information, see the full Digital Transformation Index from Dell Technologies.