EPAM Continuum Study Finds Company and Tech Leaders Out of Sync on Crucial Subjects

Access the Complete Report In this article

“In buy to productively execute electronic transformation, company leaders and IT should be aligned however, our analysis demonstrates that, for lots of, this isn’t really the situation,” claimed Sandra Loughlin, Ph.D., Main Understanding Scientist and Head of Consumer Finding out and Expertise Enablement at EPAM. “Genuine transformation starts at the top with executives and senior leaders committing wholeheartedly to investing in new capabilities, aligning resources and operating with each other in new strategies to obtain shared ambitions and foster a culture of unity.”

To realize where by business enterprise leaders stand with digital transformation throughout industries worldwide, the analyze surveyed extra than 900 senior executives from know-how, digital, information, product or service, human resources, expertise attraction and learning and enhancement roles.

Vital results incorporate:

  • Thirty-7 p.c technology executives and 10% of business executives are educated on crucial digital transformation subjects, including AI, machine learning and cloud migration. To generate productive electronic transformation, senior leaders have to have an understanding of the totality of the organization, inclusive of technological innovation, and acquire specialized and skilled capabilities to guide their corporations forward.
  • Seventy-9 percent of leaders surveyed agreed that the business enterprise does not communicate technology and engineering does not speak company. The study uncovered only four in 10 corporations experienced obligatory teaching on significant subjects underlying electronic transformation and enterprise accomplishment. 
  • Far more than fifty percent of small business homeowners and C-suite executives perceive IT as merely a standard guidance function and not a organization driver. The disconnect among technologies and business enterprise goals can result in missed chances for innovation and development and squandered means, as perfectly as issue in retaining skilled talent. 

To support corporations bridge the hole between technologies and company, EPAM Continuum’s report delivers in-depth tips and methods for bettering ongoing electronic transformation, such as:

  • Clarifying the function of technological know-how in the enterprise. This consists of acquiring a shared eyesight and strategic system to outline how engineering is powering enterprise system.
  • Generating mandatory digital and business literacy applications. For senior leaders, courses really should be distinct to their demands and discuss how to aid employees acquire new mindsets, behaviors and methods of performing.
  • Connecting mastering to implementation. Set up common goals and shared accountability for electronic transformation by scheduling for each area of the organization and aligning operations.  

“There is not a 1-sizing-fits-all answer for prosperous digital transformation since just about every corporation has its very own special tradition and aims,” Loughlin mentioned. “Leaders will have to be perfectly prepared to navigate electronic transformation complexities by obtaining required capabilities, being knowledgeable about field tendencies and learning from profitable companies.”

To read the whole report, check out: https://www.epam.com/leadership-report.

To learn how EPAM’s expertise enablement and transformation expert services can aid businesses digitally renovate and guidance employee learning and growth, stop by www.epam.com/providers/method/talent-enablement.

EPAM Continuum is the integrated system, working experience and technological innovation consulting community inside of EPAM, and the main assistance brand name under which all EPAM consulting and artistic expert services go to marketplace. We fuse integrated consulting with EPAM’s engineering abilities to accelerate the pace at which our clients derive marketplace advantage from new improvements and digital transformation investments.

We are a globally integrated hybrid team of strategists, advisors, designers, technologists, info researchers and creatives. Using used devices considering, we detect how to create value within just our clients’ ever more complicated business problems. We believe the suitable methods are the ones that boost people’s life and gas aggressive benefit. We never just generate blueprints, working products and enterprise designs our contemplating will come to everyday living in code and goods – and in sector. Learn more at www.epam.com/epam-continuum and observe us on LinkedIn

Due to the fact 1993, EPAM Programs, Inc. (NYSE: EPAM) has leveraged its sophisticated application engineering heritage to turn into the foremost world-wide electronic transformation solutions service provider – primary the field in electronic and actual physical products advancement and electronic system engineering companies. As a result of its revolutionary tactic integrated advisory, consulting, and design capabilities and special ‘Engineering DNA,’ EPAM’s globally deployed hybrid teams support make the upcoming serious for customers and communities all-around the globe by powering far better enterprise, education and overall health platforms that link persons, improve encounters, and make improvements to people’s life. In 2021, EPAM was additional to the S&P 500 and integrated among the the record of Forbes World wide 2000 businesses. 

Chosen by Newsweek as a 2021 and 2022 Most Cherished Place of work, EPAM’s international multi-disciplinary teams provide prospects in additional than 50 nations throughout 6 continents. As a acknowledged leader, EPAM is mentioned amongst the prime 15 businesses in Info Technology Companies on the Fortune 1000 and rated 4 periods as the top rated IT providers enterprise on Fortune’s 100 Fastest Growing Companies list. EPAM is also mentioned among the Ad Age’s best 25 World’s Premier Company Firms for three consecutive decades, and Consulting Journal named EPAM Continuum a top 20 Speediest Growing Business.

Master additional at www.epam.com and follow EPAM on  Twitter  and  LinkedIn.

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Supply EPAM Methods, Inc.

Simonne Stigall

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