AVANT | State of Disruption | 6 Digital Transformations Industry vs plans for digital transformation 71% 89% Digital transformation maps to Legal Construction/Engineering 79% 92% increased reliance on information Manufacturing Retail/E-Commerce technology as a means of solving 82% 92% High Tech Consulting/Business Services real-world business problems, 88% 92% Financial Services Healthcare/Medical and as a means of building a 86% Have plan No plan Other competitive advantage. Figure 1.1 The following shows the same comparison by end customer revenue band, as opposed to vertical market. Note the correlation between company size and We’ve now reached a point where companies in most verticals the likelihood of having a defined digital transformation plan in place. have developed their plan for digital transformation, even in circumstances where they might not be fully deployed. Digital transformation plans by revenue 91% Among the highlights, Consulting/Business Services, Healthcare/ More than $1 billion Medical, Retail/eCommerce, and Financial Services are the most 87% likely to have a plan for digital transformation. This is largely about $1b - $501 million the need for efficiency and accuracy, and sometimes the sheer 90% volumes of data generated within these vertical markets. $500m - $101m 83% When viewed by company size, respondents from smaller $100m - $51m organizations tended to be the ones that still need to build 84% a plan. Figure 1.1 shows the percentage of survey respondents $50m - $11m whose companies have a defined digital transformation plan in 81% place as opposed to the companies that do not. $10m - $1m Have plan No plan Figure 1.2