In the past 12 months we have surveyed 57 executives from almost exclusively top 200 companies across the Nordics on digitalisation and disruption. Explore what we found out.
30
%
Only 30 percent of senior leaders believe Nordic school leavers and graduates have the right digital skills
3/
4
Nearly three quarters believe digital is fundamentally changing their organisation
82
%
20
%
Developing new business models is high on 82 percent of senior leaders agenda, yet only 20 percent are successful in doing so
54
%
Creating unique customer experiences is important with 54 percent of senior leaders saying it is one of the top three drivers of their digital strategy
30
%
30 percent plan to invest more than €20 million in digital technologies in the next 24 months
35
%
28
%
35 percent plan to invest in Blockchain in the next 24 months. 28 percent in AI and cognitive technologies
41
%
Only 41 percent of senior leaders believe their talent pool has the capabilities to deliver their digital strategy
48
%
48 percent do not believe their L&D curriculum supports their digital strategy
Half of organisations plan to replace between 1 and 25 percent of the current employees with more digital savvy talent within the next 12 months
Only 30 percent of senior leaders believe Nordic school leavers and graduates have the right digital skills
Nordic business leaders do not see enough new talents who have the necessary digital skills to support the companies' needs.
As digital skills are in short supply, companies face an increasing need to develop digital talents from within their own organisations as well as to hire external partners who have the digital expertise needed.
Nearly three quarters believe digital is fundamentally changing their organisation
Today, organisations experience fundamental changes to their business and to their talent- and commercial models due to new technologies and digital platforms.
The pace of these changes, and the accompanying disruption that they create, shows no signs of slowing down.
Developing new business models is high on 82 percent of senior leaders agenda, yet only 20 percent are successful in doing so
While developing new business models is high on the agenda for Nordic business leaders, the survey shows a worrying mismatch between the leaders' ambitions and achievements.
Without a dedicated strategy to develop and pursue new business models, companies risk losing market shares or, in the worst-case scenario, become obsolete.
Creating unique customer experiences is important with 54 percent of senior leaders saying it is one of the top three drivers of their digital strategy
The surveyed leaders see an increased need to create a seamless customer journey across all channels and platforms with digitally enhanced products at a competitive price.
To create unique customer experiences, deliver innovative product or service offerings or cut costs, data, analytics and cloud are key.
35 percent plan to invest in Blockchain in the next 24 months. 28 percent in AI and cognitive technologies
Blockchain is one the most hyped and least understood technologies. In the last several Tech Trends reports, Deloitte has predicted that blockchain has the potential to become a truly disruptive technology across many industries and sectors as it has risen from being a cryptocurrency enabler to becoming a purveyor of trust.
Only 41 percent of senior leaders believe their talent pool has the capabilities to deliver their digital strategy
The Nordic Digital Disruption Index shows that many companies see themselves as playing a crucial role in upskilling their employees when it comes to digital skills.
Furthermore, the companies are looking to team up with external partners to acquire the digital capabilities needed to execute their digital strategies.
48 percent do not believe their L&D curricilum supports their digital strategy
Having the right capabilities and skills at hand is crucial to successfully execute a digital strategy.
Therefore, it is imperative that the employees' competencies match the needs of the organisation and that the learnings and development activities are aligned with these needs.
Half of organisations plan to replace between 1 and 25 percent of the current employees with more digital savvy talent within the next 12 months.
The surveyed leaders express a pronounced concern regarding how to prepare their organisations' capabilities for the digital future.
While upskilling is a key component, there are also considerations about replacing current employees with more tech-savvy talents during the coming year.
