8 BUSINESSNEWS.IE
A SUPPLEMENT BY MEDIAPLANET DISTRIBUTED WITHIN THE IRISH INDEPENDENT
MEDIAPLANET
Almost 1 3 of Irish companies have no digital strategy, is your organisation one of them? have defined digital strategies for parts of their business
29% of Irish businesses have no defined digital strategy
43%
Key drivers and barriers:
Technology trends: 22/3 say the 3 development of new software and apps is the top tech trend for them, however, only 1/3 have actually implemented these.
66%
believe the digital technology of tomorrow is cyber-physical systems and the Internet of Things (IoT) – the integration of people, products and devices.
1 4
29% “don’t know much about it” but 46% of respondents say they are “familiar with digitalisation”
report they’ve made good progress in relation to IoT.
40% are confident their company has the skills required to evaluate emerging technology
1
Over 50% of companies are still in the initial/planning phase of implementing technologies
Key barriers to implementation: 33%
37%
47%
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have conducted an economic feasibility study or an analysis of workflow with a digital focus
Key findings:
Less than 1 3 have such a strategy for the company as a whole
14
57%
67%
Lack of partners to implement new technologies Training employees
Operating costs for licences and software updates Funding required
2 cannot identify a digitalisation project in their company’s medium-term plans
Lack of tax advantages for investment in digitalisation
About the survey
The survey of 135 management and business leaders across SMEs and large enterprises was conducted by international agency Buchele Gmbh on behalf of Siemens. Through a combination of telephone interviews and questionnaires, the aim of the survey was to discover how companies understand digitalisation and the value they place on it. Participants were asked who is responsible for digital strategy at their company, what challenges the company is facing in the area of digitalisation and what requirements they anticipate for the future.There were respondents across 18 industries including food and beverage, pharmaceuticals, electrical and electronics, water treatment, power utilities and infrastructure/ construction.
Helping Irish companies unlock the potential of digitalisation Irish companies have yet to fully appreciate and unlock the value presented by digitalisation, which involves integrating Big Data and New Business Models to deliver increased productivity and boost competitiveness. A report ‘Digitalisation: Unlocking the Potential’ explores the current level of adoption among Irish companies across all sectors with a focus on Ireland’s food and beverage, pharmaceuticals and electrical and electronics industries – as well as the barriers they face when it comes to embracing digitalisation. Gary O’Callaghan, chief executive, Siemens Ireland, said: “As a world leader in the fields of electrification and automation, we recognise the opportunity that digitalisation presents to Irish businesses in boosting competitiveness and using resources and skills more efficiently. It’s essential that Irish companies position themselves to take advantage of the benefits of digitalisation. If we are not doing it in Ireland, somebody somewhere is, which is a threat to the sustainability of Irish business. In general, many companies in Ireland still have room to grow when it comes to implementing an holistic digitalisation strategy and should therefore seize this potential in order to improve their internal processes, productivity and cooperation with suppliers and customers. Digitalisation will also be a key factor in the choice of business location in the years ahead and policy makers as well as business leaders need to ensure that Ireland is ahead of the curve as digitalisation transforms the global economy.”
Gary O’Callaghan CEO Siemens Limited Ireland
The Siemens ‘Digitalisation: Unlocking the Potential’ report can be viewed at: www.siemens.com/digitalisation-unlocking-the-potential