Committing significant resources and time is generally considered a preamble to success in any Digital Transformation journey. While having an overarching vision and a clear roadmap is critical, it is seldom beneficial to go all-in without a pointed digital investment and mobilizing the organization behind the digital efforts. Most firms get fixated on creating myriad projects involving cross-functional teams and resources. Unfortunately, after spending a number of years and a huge amount of budget, the majority of cases do not present much discernible benefit or progress. Gartner has predicted Global IT spending to reach a mammoth $4.6 trillion in 2023¹. A subset of this investment will be on tools and technologies needed for Digital transformation which is expected to be $2.3 trillion this year². However, despite huge investments, the spending only guarantees a little value. In fact, various pieces of research suggest that an average of 87.5% of Digital transformations fail to meet their objective³. Hewlett-Packard (HP), spent north of $160m on a failed ERP implementation eventually losing $400m in revenues and reportedly leading to a significant shake-up in their executive team⁴. GE-Digital, a digital transformation business unit by GE had to be spun-off eventually in 2021, after reportedly […]
K&X Design and Investment Technology, LLC
Invest The Invisible Impact
K&X Design and Investment Technology, LLC
Invest The Invisible Impact
