The Reasons for Digital Transformation Failures & Tips to Avoid It Jessyvictany · Follow 8 min read · Just now Organizations seeking to improve their innovation, flexibility, profitability, and efficiency prioritize digital transformation. However, studies show that digital transformation projects often fail, with a failure rate of around 70%. Even with careful planning, many of us encounter obstacles in the midst of digital transformation, which can result in costly consequences. To assist you in creating a reliable digital transformation plan, we’ll explore the reasons for the failure of transformation efforts and provide suggestions on how to avoid them. Let’s get started! Digital Transformation Failure: Categories There are three categories of digital transformation failures: failure to effectively adopt new technological initiatives, under-performance, and regression. In digital transformation, regression occurs when there is no progress or advancement. This happens when initiatives are pursued that should have been abandoned or implemented much earlier, despite the belief that they are contributing to the transformation. In the context of digital transformation, underperformance occurs when we do not make significant investments in transformational efforts that could create greater value for our business. Consequently, we may still reap the benefits of digital transformation, but on a […]
K&X Design and Investment Technology, LLC
Invest The Invisible Impact
K&X Design and Investment Technology, LLC
Invest The Invisible Impact
