5th Annual Digital IQ Survey Industrial Products key findings
At a glance
Industrial Products companies with collaborative C-suites that intertwine business strategy and IT are often rewarded with stronger company performance, according to PwC's 5th annual Digital IQ Survey.
Industrial Products companies with collaborative C-suites intertwine business strategy and IT and are often rewarded with stronger company performance.
PwC’s Digital IQ Survey is an annual assessment of how well companies understand the value of technology and can weave information technology into the fabric of their organization. Key measures that comprise a company's Digital IQ include:
Strategy and internal alignment
Organization and relationships
Adoption and use of information technology
Investment in information technology
Mobilization and roadmap
Key findings for the Industrial Products sector C-suite:
63% are concerned that the speed of technological change will potentially threaten the company’s growth prospects
67% believe that the availability of key skills will potentially threaten the company’s growth prospects
41% said that they are interacting with customers using mobile technology
27% rank maintaining data quality and accuracy as a number one challenge in managing data
37% expect information technology capital spending to increase within merger and acquisition initiatives