IT leaders responding to a 2023 survey cited cyber threats and ESG targets as the leading challenges in realizing digital transformation initiatives. Mounting fears surrounding cyberattacks have led to increased information security spending across the globe. Hurdles preventing organizations worldwide from progressing with digital transformation initiatives in 2023 Created with Highcharts 7.2.2 Share of respondents 24% 24% 24% 24% 22% 22% 22% 22% 20% 20% 20% 20% 17% 17% 17% 17% 14% 14% 14% 14% 1% 1% Cyber threats Meeting environmental sustainability, social, and governance (ESG) goals Skills shortage to implement technology Economic uncertainty Regulatory implementation Organizational leadership is unsure/unsupportive of digital transformation Industry disruption Meeting changing customer needs Geopolitical uncertainty Resistant company culture There are no challenges which have impacted/will impact my organization’s digital transformation initiatives 0%5%10%15%20%25%30% © Statista 2024 Add this content to your personal favorites. These can be accessed from the favorites menu in the main navigation. Get notified via email when this statistic is updated. Learn more about statistics updates via email Adjust the presentation of the statistic and data points. Share the statistic on social media channels or embed the statistic in your website using "Embed Code", where available. Cite this statistic and select […]