EY surveyed senior leaders and executive management team members from 500 corporations and 70 start-ups across a range of global geographies and sectors, in order to pinpoint where they are on their transformation journeys, and where they are heading.

According to the research, today, almost half (44%) of corporate companies said they are making good progress with their transformation plans and are starting to embed them across their businesses. An additional 4% of corporates said they were even more advanced, with their transformation fully embedded and optimized across the organization. In two years’ time, two-thirds (66%) of corporates expect to be making good progress, and 17% expect their transformations will be fully embedded – demonstrating that they are on a steep transformation maturity curve.

But because transformation is a continuous cycle, it is never complete, and companies will need to continually evolve their programs to meet customers’ changing expectations.

EY identifies five major trends for the next decade of innovation:

1. Cloud is the digital foundation
2. Businesses are pivoting around data
3. Experience is everything
4. Ecosystems and partners help bridge the skills gap
5. Security and privacy are soaring in importance

Five major trends which will underpin another decade of digital innovation
By
Jim Little
EY Global Microsoft Alliance Lead and EY Americas Technology Strategy Lead