Agenda
     Pre-Covid 19 Phase                      Covid 19 Lockdown Phase                   Covid 19 Phase 1 and beyond
     The energy of the                       The stress test for the digital           Does the digital transformation 
     digital transformation                  transformation paradigm                   paradigm need to be re-thought?
     paradigm
       What is digital transformation?
       • “Our framework foregrounds digital transformation as a process where 
         digital technologies create disruptions triggering strategic responses 
         from organizations that seek to alter their value creation paths while 
         managing the structural changes and organizational barriers that affect 
         the positive and negative outcomes of this process.” Vial, G. 2019. 
         Understanding digital transformation: A review and a research agenda. 
         The Journal of Strategic Information Systems, Volume 28, Issue 2.
       • Eight key words or dimensions: digital technologies, disruptions, 
         strategic responses, value creation paths, structural changes, 
         organisational barriers, positive and negative outcomes.
                                                                                   3
                                                                                                    Pre-Covid 19 Phase
                                                                                                    The energy of the 
                                                                                                    digital transformation 
                                                                                                    paradigm
          The IoT was set to grow in revenues
                Global IoT Market in $B
                   1,400
                                                                                                    1,223
                   1,200
                   1,000
                                                                                          899
                                                                          37%
                    800
                                                                                661
                    600
                                                                     486
                    400                                    352
                                      30%
                                                 255
                                      196
                    200     151
                      0
                           2018       2019      2020       2021      2022      2023       2024      2025
                     Xx%      = CAGR     Copyright © 2019 by www.iot-analytics.com All rights reserved
                                                  Pre-Covid 19 Phase
                                                  The energy of the 
                                                  digital transformation 
          IoT was enabling digital transformation 
                                                  paradigm
          Source: Microsoft IoT Signals Research
          Sample: 3233 company decision makers
                                                          Pre-Covid 19 Phase
                                                          The energy of the 
            But large majority of IoT                     digital transformation 
                                                          paradigm
            projects were failing
            Microsoft: 30% of IoT projects fail in the proof-of-
            concept stage (June 2019)
            Cisco: 76 Percent of IoT Projects Fail (April 2019)
            Beecham Research: with up to 74% of 
            companies considering their IoT projects to be 
            unsuccessful. (February 2020)