There’s been a big focus in the world of SAP on digital transformation lately, particularly with respect to Canadian companies. For example, there have been a number of posts about the subject on the SAP blog, there was an in-depth SAP sponsored study done by IDC, and SAP is also part of an extensive network that is playing a role in the recently launched the DXAgents accelerator, which is dedicated to helping Canadian businesses better understand and get on the path to realizing their digital transformation opportunities.
DXAgents accelerator is first of its kind
The accelerator is a group initiative created in partnership with SAP, Amazon Web Services, Deloitte, SUSE, the CIO Association of Canada (CIOCAN), Financial Executives International Canada (FEI Canada), TDWI, and B2B News Network, as well as being supported by several other organizations at a local level. It’s the first of its kind as a national accelerator made up of business leaders and technologists from leading private, public and not-for-profit organizations in Canada.
DXAgents accelerator has begun holding workshop events this April (2017) in Montreal, Ottawa and Toronto, with plans to expand out across the country. And in the meantime, they are making relevant content available at their Digital Hub.
Humza Teherany, President of the CIO Association of Canada and CEO of CompassDigitalLabs, said: “The majority of Canadian enterprises are putting themselves in danger of being outpaced by global competitors who see gaps forming in our markets because of the widespread resistance to digital innovation.”
SAP Sponsored Study
Part of what is informing the development of such initiatives as the DXAgents accelerator is data revealed in a study done by the Canadian branch of the International Data Corporation (IDC) — part of a network of over 1100 analysts providing global, regional, and local expertise on technology, industry opportunities and trends — and with more analysts dedicated to understanding the Canadian market than any other global research firm.
The IDC last spring produced an InfoDoc, sponsored by SAP, on the subject of digital transformation as it relates specifically to Canadian enterprise. Comparing Canada’s readiness on a global level, they determined that, although Canadian companies are on par with Europe, they are slower to adopt than the U.S. and Asia.
The study analyzed 200 Canadian organizations on the topic of digital economy and the role of technology in transforming their business. They surfaced three key themes that characterize the state of Canadian businesses with respect to digital efforts:
- Canadian business know that digital transformation affords them the ability to be more fluid and agile with respect to change.
- Although recognizing its importance, at the time of the study (Spring 2016) only 17% of organizations had integrated a transformation plan into their corporate strategy.
- Fewer than 50% of Canadian organizations are investing in fully enabling the necessary technology, such as cloud-based and mobile software solutions, tools for analytics, and cyber security.
To get insight into what all of this means for operating in a competitive, fast moving business environment, have a look at the study.
Or if you’d rather just have a quick look at some of the results, then check out this handy InfoGraphic, which includes:
- Five areas all organizations share where business leaders can take action on digital transformation
- Seven findings about how Canadian businesses currently gauge digital readiness
- Five tips for kick-starting your digital transformation journey
What to know more? Ask us our about solutions to drive digital transformation in your business.