70% of all digital transformation initiatives fail because executives don't spend enough time developing clear priorities for digitization. Companies don't need an "AI" or "machine learning" strategy. What is needed is a clear problem statement. For instance, "We need to reduce our concept to market time by half, leveraging digital technologies" or "Double our supply chain process speed." If your digital transformation investments aren't paying off as expected, we can help re-set your strategy to deliver value and to be executed on time and on budget.
A recent survey of directors, CEOs, and senior executives found that digital transformation (DT) risk is their #1 concern in 2019. Yet 70% of all DT initiatives do not reach their goals. Of the $1.3 trillion that was spent on DT last year, it was estimated that $900 billion went to waste. Why do some DT efforts succeed and others fail?