Why Digital Transformation projects fail

In 2016, Forbes magazine assessed📝 the risk of failure in digital transformation to be 84%. According to McKinsey, BCG, KPMG and Bain & Company, the risk of failure falls somewhere between 70% and 95%. 😮

They either exceed budget, fail to meet their goals 🎯, drag on continually, or ace a combination of all these hitches before they’re cut short.

At a glance, you might assume it’s just poor planning 📝 or mediocre tech solutions that hinders digital transformation.

But even some of the biggest visionary companies have witnessed embarrassing transformation failures with several identical issues. 😯

As Charles Darwin rightly says
“It is not the strongest of the species that survives, nor the most intelligent that survives. It is the one that is most adaptable to change.” 💯

Now, we can all agree that to effectively serve clients and keep up with competitive pace, businesses must undergo digital transformations.

The reason you only have a 16% chance of success is that you’re paying attention 🔎 to the wrong things. Digital transformation is 80% soft skills, 20% technology.

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