Research has shown digital transformation projects in the APAC region fail at a high rate — and have mixed success at best. For example, Gartner research recently released in Australia found that the success rate for CIOs running digital projects was about 48%, which analyst vice president analyst Daniel Sanchez-Reina said “was like a coin flip.” He termed the problem the “curse of random success.” Vishal Dhawan, APAC regional managing director at software firm Planview, said his company serves 4,500 customers globally — including over 200 in Australia and more than 50 in New Zealand. The organisation recently analysed 2,500 value streams managed through its software, revealing that companies are only seeing 8% of their planned initiatives being tangibly delivered. SEE: Accenture finds Australian firms lag in digital transformation “I think today, boards, CXOs, they are all saying, ‘Hey, I’ve been spending millions on digital transformation. Can somebody show me the value I’m realising against these digital initiatives?’ If you look at the numbers and the success rates, I think the waste on digitalisation is quite alarming,” Dhawan said. However, as he explained to TechRepublic, organisations can improve their success rate by focusing on culture, enhancing decision-making capabilities, and […]
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