Operational and Data Security Concerns
In this section, we elaborates the most pressing concerns related to data and resources.
Reasons for lesser willingness to adopt digital transformation
73.13%
organisational Challenges possess highest impact in lack of willingness in adoption of Digital Transformation.
Digital transformation presents organisations with the opportunity to re-imagine the way their business is run through new digital processes and tools. However, as with any change management initiative, there are challenges businesses will face throughout the transformation processes, ranging from peoplecentric issues, financial problems, technical barriers, and everything in between. However, organisations can overcome the problems by following the correct approach, long term vision and alignment of human skillset in line with the digital transformation roadmap.
Organisational Challenges for companies towards adoption of long-term DX vision
56.72% of the leaders believe that availability of skilled manpower is the major bottleneck for the Industries towards their journey of Digital Transformation. This could be overcome by fostering a mindset or atmosphere of continuous self-improvement. Employee training (continued education, workplace training, reverse monitoring) with the development of new skills, particularly in technology, is something the organisations should focus on
Data Security concerns – Key Elements
Nowadays data security is a top priority – the risk of not securing data is simply too high.
Around 65% of Indian industrial enterprises believe that operational disruptions caused by cyber security breaches are the most severe risk.
A recent study* found that data breaches now costs companies $4.24 million per incident on average – the highest cost in the 17-year history of the report. In India, the average cost of a data breach was INR 16.5 crore in 2021, an increase of nearly 18% from 2020.
A well built Data-security strategy provides differentiated protection of the industry’s information assets, giving the most important data the highest degree of protection.
