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We keep track of developments around digitisation in order to help our clients with these challenges. We see that the effective use of existing knowledge about digitization can save costs and time. We think that sharing knowledge about digitization, between different sectors, has a lot of added value.

Digital transformation offers (even in times of crisis) unprecedented opportunities for society. However, in practice, digital transformation faces various challenges. In order to test our assumptions on the added value of knowledge sharing between sectors and to better map out the challenges of digitisation, we have carried out a survey conducted.

Download the report if you want to know more.

The following points are the main messages of the survey conducted:

• Customer behaviour and desire and new technologies are the main drivers of change in the environment of participants' businesses
• All participants indicate that their companies are actively involved in digitisation and believe that digitisation is a prerequisite for success and continuity of businesses
• Almost all participants see multiple opportunities in the digitization of their company
• The fact that digitisation offers similar opportunities for all sectors increases the added value of knowledge sharing across sectors
• A large number of the participants indicate that their companies have taken several measures to give shape to digitisation
• The companies of most participants are mainly working on digitisation at a high (strategic) level. However, practical approaches with specific action plans are lacking
• Several challenges slow down the digitization of companies for a large part of the participants
• In general, participants are fairly positive about their companies' performance on digitization compared to the direct competition
• Participants are much more pessimistic about comparing their sector with others
• All but one of the participants indicated that their company or sector can learn from developments around digitisation within other sectors
• On the other hand, far fewer participants indicated that other sectors could learn from developments around digitisation within their company or sector

Thus, we conclude, that across the different sectors the importance of digitization is recognized but it is also clear that the digital transformation has only just begun and poses significant challenges. The will is there, but the path is not yet clear. Many companies have taken measures on a strategic level, but often the translation to practice is missing.

We also see that participants believe that their company or sector can greatly improve its performance on digitisation. Participants from all sectors see many opportunities for learning through knowledge sharing with other sectors, but partly think that their company or sector can share less relevant knowledge than other sectors. It appears that participants often underestimate their own sector in that respect. In fact, participants from other sectors managed to name examples of unique knowledge for almost all sectors.

To successfully digitize, it is crucial to realize that different digital initiatives have a different impact on the organization, time horizon and risk level. Therefore, a digital transformation needs to be organized and managed as a strategic portfolio with an adequate balancing of risk, time and value creation. For an optimal digital transformation strategy, it is important to have insight in the value drivers, the way they can be influenced and success can be measured.

In addition, it is important to make a choice per element of the transformation for internal development or addition by acquisitions (make-or-buy) and to determine the right speed of implementation. In some cases, the transformation can lead to a new (digital) business model and create unprecedented opportunities. Besides knowledge sharing between sectors, case studies are also relevant sources of learning and inspiration.

Are our findings representative of your company's situation? Or do you just not agree with the picture painted at all? Are you interested in sharing knowledge about digitalization with experts from other industries or would you like to exchange views on how JBR can support you in your journey to a successful digital transformation?

Would you like to know more about the details of the survey? Download the full report of our survey.

Are our findings representative of your company's situation? Or do you just not agree with the picture painted at all? Are you interested in sharing knowledge about digitalization with experts from other industries or would you like to exchange views on how JBR can support you in your journey to a successful digital transformation?

Please do not hesitate to contact us. We would be pleased to facilitate the meeting and sharing of knowledge between experts from different sectors within our network, or to help you think through issues related to digital transformation strategy and the acquisition or financing of digital competences, as well as regarding the optimisation of value creation for your organisation.