Welcome to the ARC Industrial Digital Transformation Top 25 report page. Here you can download and read ARC’s new report.
Digital transformation leaders, across many different industries, share common traits and visions, helping them overcome complex challenges to innovate and stay agile. Industrial innovation continues to accelerate, and leading companies have their transformation initiatives well underway. For those who succeed, the result is a competitive advantage, even during the most difficult global times. Who are the real leaders in digital transformation? What makes them so? The ARC industrial digital transformation top 25 highlights companies that are succeeding at integrating digital technology into all areas of business, fundamentally changing the way they operate and deliver value to their customers.
Digital Transformation Key Drivers
In one form or another, software is key to digital transformation. For industrial companies, there is a correlation between investment in software and transformational technologies and corporate valuation. Software powers digital transformation, necessity drives innovation, and the whole cycle accelerates year after year. Many leading companies have engaged in this process for some time, but the best organizations understand that the successful, ongoing transformation relies not only on getting the technology right, but also on empowering the right people to guide, interpret, and leverage that technology. The workplace, work methods, and workforce may all need to change, but done well, this can become a powerful source of competitive advantage.
Another massive driver for digital transformation is the pressure companies feel to become more sustainable and significantly change their operations in response to increased pressure from citizens, stakeholders, and governments to address climate, environmental, and circular economy concerns. In fact, these same digital technologies, such as artificial intelligence, are also utilized by shareholders to increase pressure on boardrooms and leadership to quantify sustainability progress. Leading companies recognize that they can’t make these changes quickly and effectively – or maybe at all – without substantial digital transformation.
Bold digital strategies may fuel a company’s growth as well. Today, some companies are “born digital” and may grow rapidly to overtake existing competitors. These companies are not encumbered by legacy systems, of course, but more importantly, they are unencumbered by legacy thinking and the need to overcome resistance to “the way we’ve always done it.” They can build systems and processes better from the start, and not plan for incremental improvements to eventually achieve top performance.
This first publication of what will be an annual analysis by ARC culminates in a report that highlights the leading industrial companies engaged in digital transformation activities. To access the report, please fill out the fields below and you will then receive an email to download the report: