Why Some Industries Keep Missing The Digital Train
Michael Tyrimos of our team writes in Forbes on why construction, mining, energy and the public sector keep missing digital transformation, and the numbers behind the widening gap.
Michael Tyrimos of our team shares his thoughts in a new Forbes Technology Council article, “Why Some Industries Keep Missing The Digital Train.” Here are the key highlights and numbers.
- Fewer than half of digital initiatives meet their business outcome targets, according to a Gartner survey of 3,186 CIOs across 88 countries.
- Construction employs 7% of the world's working-age population, yet its labour productivity has stayed flat for two decades.
- The public sector and energy rank least evolved on BCG's Digital Acceleration Index, and Deloitte calls slow adoption in mining a critical vulnerability.
- McKinsey puts transformation success rates at 4% to 11% in oil and gas, automotive, infrastructure and pharmaceuticals.
- AI leaders see 1.7x revenue growth and 3.6x three-year TSR (BCG), while the maturity spread between leaders and laggards grew 60% between 2016-2019 and 2020-2022 (McKinsey).
- Over 90% of CIOs told Gartner that cost management limits the value they get from AI.
- The obstacle is rarely the technology: legacy infrastructure, a culture that penalises experimentation, and the pilot trap where pilots succeed but never scale.
Read the full article on Forbes
About Capacitor Partners
Capacitor Partners is a technology and strategy consulting firm working with leaders in the private and public sectors across Cyprus and Greece. Our work covers digital transformation, product management, AI transformation, process reengineering and business technology strategy, delivered across eleven industry verticals.
We work inside client organisations rather than beside them. Every engagement begins by defining what the organisation is trying to change and how anyone would know it had worked, and continues until the change is running in production and someone internally owns it. As a certified authorised Zoho partner we also implement and support Zoho Projects and Zoho CRM where a platform is part of the answer.
Alongside client work we publish original research, including the Digital Cyprus Survey, and our consultants write for the wider press on how organisations adopt technology. Case studies set out completed engagements in detail, and our services page explains how each of the four core service lines works.
Digital transformation at Capacitor Partners
Digital transformation consulting is the work of rebuilding how an organisation runs — core systems, data and operating model — and shipping the result into daily use. Capacitor Partners delivers it as an embedded team that stays until the new way of working is live.
Large enterprises, family groups, government bodies and fast scaling companies whose systems, data and processes no longer match how the business actually operates. Read how our digital transformation work is delivered.
