The EY-Parthenon Digital Investment Index (DII) analyzes how leading companies invest in digital and outlines key lessons for digital transformation success.
Corporate spending on digital technology will rise for a third consecutive year in 2022, increasing by 65% compared to 2020.
However, with this rise in spending comes new challenges for corporate leaders, who must integrate digital technologies and measure their impact.
To determine how companies can overcome these digital transformation challenges, EY-Parthenon and Oxford Economics surveyed 1,500 global C-level executives to understand digital strategies, technology decision-making, and the results from investments.
The EY-Parthenon Digital Investment Index (DII) uses findings from this survey along with data from the CB Insights tech market intelligence platform to offer insight into how companies can generate better returns from digital investments.
- Most companies (55%) choose inorganic investments — such as corporate venture capital (CVC), M&A, and partnerships — over building capabilities in-house to accelerate their digital transformation.
- CB Insights and EY-Parthenon analyze the digital strategy of 3 innovation leaders — Sony, ABB, and Qualcomm — to identify best practices for balancing inorganic and organic investments.
- Companies’ cloud, IoT, and AI initiatives have moved from a proof-of-concept phase to a launch phase, with the number of companies realizing the full benefits of these technologies increasing by 54% in 2022 compared to 2020.