(Image credit: Getty Images) To weather the storm of surging technological innovation, impulsive decision-making without any clear direction has led to mounting rates of technical debt and failed digital transformation projects . According to McKinsey & Co, 70% of digital transformation efforts fall short of their desired targets , demonstrating a widespread inability among organizations to keep up with their own overambition when turning to the ‘latest and greatest’ tech solutions at breakneck speed. Having overindulged, moving too fast for too long, organizations are feeling the pinch of a subsequent digital hangover and are in dire need of digital detox to restore their foothold on their digital transformation journey. So how did we get here? The proliferation of AI and hybrid cloud environments to bolster efficiency and streamline workflows across departments has set the standard for digital transformation. In line with this trend, an awareness of increasingly sophisticated cyber threats prompts fear within organizations and leaves them with a prevailing sense of vulnerability. In a rush to deploy the latest technologies, organizations tend to overcompensate and overspend – a problem made worse by the seemingly exponential rise of high-profile breaches reported in the media. Navigating the digital hangover Similarly, […]
K&X Design and Investment Technology, LLC
Invest The Invisible Impact
K&X Design and Investment Technology, LLC
Invest The Invisible Impact
