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.
  • 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% between 2020 and 2025.

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

$2.3 trillion is wasted every year on failed Digital Transformations

The Galapagos Framework solves the problem.

Continue Reading

Next: Part 2 — Digital Transformations and Why They Fail

If you would like to join the discussion or would just like to find out more then please email me at brian@digitalxform.co.uk