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 consulting and implementation firm specialising in business and technology transformation, with expertise in technology, business operations and Artificial Intelligence. With clients across six countries and experience spanning eleven industries, the firm supports public and private sector organisations in designing and implementing strategic change, helping them improve operational efficiency, strengthen competitiveness and create sustainable business value.
