Digital transformation is the top priority for CEOs, says BT and EIU
Global research from BT and the Economic Intelligence Unit has revealed that digital transformation is the critical priority for CEOs in multinational organisations.
In a survey of 400 CEOs across 13 countries, 40% of respondents say they have digital transformation at the top of their agenda in the boardroom.
Around a quarter of those said that they personally were leading the digital charge, whilst 75% believe that the ability to achieve their strategic objectives will be helped by their specific programmes.
Transformation is not plain sailing, however, with 86% of CEOs commenting that they have encountered challenges whilst trying to deliver the ideal infrastructure on which their digital programmes rely.
Inflexible technology (43%), lack of technology skills (40%), and security concerns (39%) are the main hurdles faced when building digital infrastructure.
Despite recent high-profile cyberattacks, 22% of CEOs view cybersecurity as a "necessary evil" in business. However, it is hopeful that most see security as a key differentiator.
In regards to what technologies CEOs see as the most likely to have a significant impact in the next three years, the Internet of Things, cloud computing, mobile computing and social media come out on top.
Bas Burger, CEO, Global Services for BT, commented: "Our research confirms that digital transformation has become a prevalent topic on the boardroom agenda.
"CEOs all around the world identify the skills shortages, lack of insight into what customers and employees really want or need, and security as the main obstacles to delivering an optimal digital experience."
Grupo Espinosa: 70 years of constant evolution
Founded in 1952, Grupo Espinosa has been relentlessly supporting the publishing industry with producing more than 100 million copies every year – whether its books, magazines, catalogues or single-order custom prints. No project is big or small for Grupo Espinosa, as the facility can scale up on demand and their turnaround times are highly competitive. Grupo Espinosa works with on-demand digital press or offset press, in paperback with glued softcover binding, PUR softcover binding, stitched paperback binding, binder’s board, hardcover, saddle stitched, Spiral or Wire-O. Equipped with the experience needed for a product to leave the plant ready for distribution, Grupo Espinosa delivers anywhere inside or outside Mexico. Traditionally starting off as a black and white printing press, Grupo Espinosa has experienced transformation first hand – from colour to digital offset printing. Currently, Grupo Espinosa is also looking at making capital investments into audio books to match with the increasing demand.
So how did a seemingly local operation in Latin America become a world-renowned printing facility trusted by hundreds of clients? As Rogelio Tirado, CFO of Grupo Espinosa for the last six years says “It all comes down to our market experience and our dedication to quality”. With nearly 70 years behind them, and located in Mexico City, Grupo Espinosa has two major locations – one spanning 75,000 square metres and the other about 45,000 square metres. Both locations are controlled by a single ERP (Enterprise Resource Planning) system ensuring speed, consistency and quality of work. Tirado says this isn’t their only competitive advantage. He adds “Our competitive advantage is the relationship we have with customers and the trust they put in us with their intellectual property”. Speaking of trust, global publishing giant Macmillan Education exclusively partners with Grupo Espinosa for their Latin America operations, as part of Macmillan’s decentralized hub strategy. Having a facility that offered the full spectrum of service – from storing digital content to printing and distributing – was one of the major requirements for Macmillan, and Grupo Espinosa was recognized as the leading printing hub for providing this 360 infrastructure. Another factor that has led to success for Grupo Espinosa is the absolute focus on quality and time. The staff are committed to providing the best quality in the best possible time, without causing wastage of resources. Sustainability is a huge factor playing into Grupo Espinosa’s operations, and they’ve created a healthy environment with the sustainable use of paper and energy resources as well as keeping their employees – most of them associated with the organisation for over 10 years – happy. He adds, “In order to be truly successful, you need to be good to the environment, employees, suppliers, and your customers. But most importantly, you need to be sustainable, you need to have proper working conditions, pay proper salaries, proper prices for paper, source the paper from sustainable sources, pay your taxes, basically be a good global corporate citizen and that's probably one of the biggest achievements that we have.”