In a world that is constantly evolving and creating new iterations of experiences and ideas, it’s hard to keep your finger on the pulse every step of the way. New technologies have reached such a level of complexity that it can be hard for executives to keep up with them.
Worldwide Digital Transformation Spending guide predicts global spending on digital transformation to reach $2.8tn in 2025. However, McKinsey’s research suggests that most digital transformation initiatives fail.
“Any change program attempted in a rush will inevitably face risks. And digital transformation projects have potentially even higher risks because of the dazzling array of new technologies available, the urgent commercial need to reconfigure post-pandemic, and the changing expectations of staff and customers.”
Well-managed organizations are always on the lookout for new ways to keep their business at the forefront of consumer awareness by staying aware of new changes and innovations.
But it’s easier said than done. Countless technologies are easily confused, and organizations often fail. So the question becomes how to save a failing digital transformation?
Raconteur covers this topic in Raconteur’s article