4 Reasons Digital Transformation Initiatives Fail and How to Ensure Sucess
Modern day enterprises are searching for ways to create better digital experiences—not only for their customers, but for their workforce. Digitization is modernizing organizations and the way they manage work, allowing them to streamline and automate manual processes and time-consuming tasks. CEOs all over the world are making digital transformation a priority, but their ambitious goals often hit a wall before getting a chance to become reality. These improvements in the modern workplace come with a new set of challenges. Collaboration, accountability, productivity, and deliverables can suffer when employees don’t adopt new technologies and processes or when the solutions don’t align with their overarching goals.
The result of these challenges can often mean that the move toward digital transformation is slow, or worse...completely fails. In fact, 70 percent of digital transformation initiatives fail, costing trillions of dollars.1 And that means frustration and disappointment for many organizations and their teams. Despite the rate of failure, 69 percent of enterprise workers say that digital transformation needs to happen faster in their organization.
