What are the 4 key challenges of digital transformation?

The Key Challenges of Digital Transformation

Why do so many transformation efforts produce only middling results? One overarching reason is that leaders typically fail to acknowledge that large-scale change can take years . Moreover, a successful change process goes through a series of eight distinct stages. These stages should be worked through in sequence.

Notwithstanding the possibility of external disruption, three actions may help organizations overcome, or even avoid, a stalling of their digital momentum:

In spite of all of that investment, an estimated $3.3 trillion by 2025, many digital transformation initiatives will fail — up to 84% according to Forbes.

Why do most transformations fail? Seventy percent of transformations fail. Contributing factors include insufficiently high aspirations, a lack of engagement within the organization, and insufficient investment in building capabilities across the organization to sustain the change , among others.

Poor onboarding processes and a lack of purpose-built systems for onboarding and implementation projects are the most common underlying reasons for failed digital transformation projects. With regular project and collaboration tools, the transparency and accountability needed on both sides are missing.

Forbes is clear: 84% of Digital Transformation projects fail due to the failed adoption of technology – a fundamental aspect that results in the expected benefits. For this reason, Gartner warns of the need for a more innovative and sustainable approach for organisations to achieve their goals.