Category: General Article

What’s Holding Your Business Back from Becoming Digitally Mature?

Moving to a fully digital business model is proving to be easier said than done, new research finds.The study from MIT Sloan Management Review (MIT SMR) and Deloitte Digital discovered that more than one-third of businesses in the early stages of transforming their organization to a digital business say that their companies spend more time talking about digital business than acting on it.

The study’s authors define digital businesses as those that conduct business in the digital age by taking advantage of emerging technologies.

What's Holding Your Business Back from Becoming Digitally Mature?

Moving to a fully digital business model is proving to be easier said than done, new research finds.

The study from MIT Sloan Management Review (MIT SMR) and Deloitte Digital discovered that more than one-third of businesses in the early stages of transforming their organization to a digital business say that their companies spend more time talking about digital business than acting on it.

The study’s authors define digital businesses as those that conduct business in the digital age by taking advantage of emerging technologies.

Risk aversion is what’s holding many businesses back. More than 70 percent of businesses that define themselves as in the early stages of becoming a digital company say they haven’t overcome the barrier of encouraging their organizations to experiment and accept the risk of failure, compared to less than 30 percent of digitally mature businesses.

The study’s authors define digitally mature businesses as those that implement a continuous and ongoing process of adaptation to a changing digital landscape. This includes aligning

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