Part 1 : Digital Transformation: The Case for Change
Digital Transformation a Structure for Success
There is a huge amount of strategic spend on digital transformations against a backdrop of limited success and significant future market growth.
In 2019 the total enterprise spending on digital transformations was $2 trillion.1
Respondents to a McKinsey survey reported that 70-80% of digital transformations fail to deliver successful outcomes.
The global digital transformation market is projected to grow at a compound annual growth rate (CAGR) of 16.5%
Given the above, we could be looking at a total enterprise spend of circa $1.4-1.6 trillion that did not produce anticipated results.
In the following articles I will cover:
16 common issues that lead to this lack of success.
Emerging better practices.
The Galapagos Framework©: An overarching framework that will
Improve the success rate of Digital Transformations
Reduce Operational, Financial, and Delivery Risks in Digital Transformations
If you would like to join the discussion or would just like to find out more then please email me at brian@digitalxform.tech