October 25, 2019. This feature is limited to our corporate solutions. by . If the company is not able to show any of these, it is probably not even digitally transformed. Then you can access your favorite statistics via the star in the header. The CEO was soon forced out. Blake's clients include Comcast, Genentech, Accor Hotels, Accenture, Parker Hannifin, Ericcson, Omron, Verizon, Adobe and more. It took the next step in 2015, when it created a new business unit called GE Digital. Chart. In our 2016 survey, the rate of success was 20 percent; in 2014, 26 percent; a… The industrial enterprise has one of the most compelling stories for digital transformation (DX). However, jumping into the digitization bandwagon does not guarantee success. Below, we’ll explore 20 of the most important statistics related to digital transformation and digital skills. Yet as most business professionals know, these digital trends have fueled the need for digital training – without digital abilities, after all, employee skills will fall short of the capabilities that employers need to drive digital change. Are there digital transformation failure statistics? Learn more about how Statista can support your business. Data cannot be explored: Lame fear is one of the biggest reasons for failure. © 2020 Forbes Media LLC. 9. Smartphone market share worldwide by vendor 2009-2020, Apple iPhone unit sales worldwide, by quarter, Global market share held by smartphone operating systems, by quarter, Virtual Reality (VR) - statistics & facts, Research expert covering the global software industry, Profit from additional features with an Employee Account. Moving The Things That Move The World Forward In The Pandemic, CTV Fraud Made Headlines Again, But It Shouldn’t Have. Actions taken in global organizations after digital transformations' loss of momentum or failure to scale, as of 2020 [Graph]. Update, Insights into the world's most important technology markets, Advertising & Media Outlook 8 Digital Transformation Statistics Every CIO Should Know in 2017 Published on January 18, 2017 January 18, 2017 • 58 Likes • 2 Comments The statistics related to digital transformation are disappointing. In this case, digital transformation as less of an actual transformation and more of a pivot into a new business area. Are you interested in testing our corporate solutions? Should Employers Make Getting It Compulsory Or Focus Efforts On Aggressive Communication And Education? Indeed, in an ecosystem environment, today’s competitor may turn out to be a partner or “frenemy.” Failure to grasp this means that you will miss opportunities and ... Why digital transformation is now on the CEO’s shoulders. Overview and forecasts on trending topics, Key figures and rankings about brands and companies, Consumer insights and preferences in various industries, Detailed information about political and social topics, All key figures about regions and countries, Everything you need to know about Consumer Goods, Identify market potentials of the digital future, Technology Market Outlook Blake Morgan is a customer experience futurist, keynote speaker and the author of two books including The Customer Of The Future. In 2019, digital transformation is no longer a future state, or something to reconsider for the next fiscal year, it’s an initiative that needs to be woven into the very fabric of an organization. Please do not hesitate to contact me. As soon as this statistic is updated, you will immediately be notified via e-mail. A digital transformation is a complicated and risky endeavor. 79% of organizations realize they must transform into true digital businesses in order to survive. In 2011, GE started a major effort to assert itself in the digital software space by building a huge IoT platform, adding sensors to products and transforming its business models for industrial products. According to McKinsey and Forbes respectively, between 70% and 84% of digital transformation programmes don’t achieve their intended goals. Blake Morgan is a customer experience futurist. A staggering 70% of digital transformations fail. Blake is the author of two books on customer experience. In a McKinsey survey, the success rate for digital transformation was found to be less than 30%. Digital transformation can bring about ... you’re setting your business up for failure. You need at least a Single Account to use this feature. Please authenticate by going to "My account" → "Administration". on. Digital transformation failure taught brand importance of planning Sportswear giant Nike is now a leader in digital business, but the retailer faced digital transformation failure. The stakeholders of … *Question was asked only of respondents who said their companies pursued a digital transformation or major digital investment that has lost momentum or failed to scale in past 3 years and who cited a reason for loss of momentum or failure to scale. A study from Forbes and McKinsey showed that a total of $900 billion was wasted last year solely on digital transformation projects and a whopping 70% of digital transformation projects fail. But it is never just a technology problem. Translating business goals into digital strategy is a key task that leaders cannot delegate. Years of research on transformations has shown that the success rate for these efforts is consistently low: less than 30 percent succeed. Now that cloud ERP has reached the tipping point of adoption and digital transformation failures are on the rise , technology is becoming an increasingly difficult problem. EY & Citi On The Importance Of Resilience And Innovation, How Digital Workflows Helped Save Basketball During The Pandemic, Impact 50: Investors Seeking Profit — And Pushing For Change, Michigan Economic Development Corporation With Forbes Insights, In Digital, "Wanamaker's 50%" Is Known. You need a Single Account for unlimited access. Although most companies and executives know how crucial it is to evolve with technology and create digital processes and solutions, putting it into action is a different story. All Rights Reserved, This is a BETA experience. Business transformation is almost always a technology problem. Please contact us to get started with full access to dossiers, forecasts, studies and international data. Digital transformation is indeed a boon for many companies, hence the high adoption rate of digital technologies. Nike launched a new business unit called Nike Digital Sport in 2010 to take the lead on digital initiatives and create new technological capabilities across the company. Make sure yours does not follow that crowd. Lesson: Focus on quality, not quantity. Blake is the author of two books on customer experience. The CEO was soon asked to resign by the board. Digital transformation should show an economic impact which can be measured in term of revenue, cost, NPV and others. Not only was it headquartered far from the rest of the company, but it was seen as a separate entity with no cohesion to other business units. Statista. Register in seconds and access exclusive features. The ideal entry-level account for individual users. However, such digital transformations are far from trivial to undertake, in great part because it requires changing both infrastructure and culture within an … Please create an employee account to be able to mark statistics as favorites. Top Enterprise Collaboration Trends In A Post-Covid World, On Verizon And Gen-Z: How To Walk The Walk With Younger Consumers, The majority of digital transformation efforts hit roadblocks and fail, GE created a new digital business unit but was focused on size instead of quality, Ford started a new digital service that was separate from the rest of the company instead of integrating digital solutions, Procter & Gamble didn’t consider the competition or impending economic crash, These missteps can spell doom for digital transformation, but all three companies managed to try again with better success. 8. She lives in the Bay Area with her husband, their two children and two dogs. Coupled with a slumping economy, P&G faced problems from the start. March 6, 2020. Several studies have proved that digital is a non-negotiable responsibility of the CEO and the board. A staggering 70% of digital transformations fail. Must-Know Digital Transformation Statistics for 2020 and 2021. It failed to look at what was going on in the industry to see it was already ahead of competitors and what was going on with the economy. I am a Customer Experience Futurist, Author and Keynote Speaker. The company was simply too large to transform all at once, especially without a true vision of what it was trying to achieve. You can only download this statistic as a Premium user. New, Everything you need to know about the industry development, Find studies from all around the internet. Companies with successful digital strategies (for example, the Washington Postturnaround) and countries such as Singapore (which is a leader in digital) are a testament to this. Accessed December 19, 2020. https://www.statista.com/statistics/1133426/actions-digital-transformations-loss-of-momentum/, McKinsey. Digital Transformation Statistics 2019. "Actions taken in global organizations after digital transformations' loss of momentum or failure to scale, as of 2020." Here are a few digital transformation statistics that demonstrate just how crucial it is to invest in digitization, digital transformation, and digital adoption.. Digital-first companies are 64% more likely than their peers to have exceeded their 2018 goals. Digital transformation technology strategy. A failed digital transformation doesn’t spell the ultimate end of a company, but it can be incredibly costly in lost money, resources, time and credibility. Digital transformations are often done best with a handful of passionate people leading the charge instead of thousands of employees. You may opt-out by. These failed transformations show common missteps, but the companies behind them prove that failure isn’t the end of the road and that successful digital transformation is possible. Why Digital Transformation Fails. Quick Analysis with our professional Research Service: Content Marketing & Information Design for your projects: Industry-specific and extensively researched technical data (partially from exclusive partnerships). According to a new study from Genpact, more than two thirds of digital transformation projects entered into fail to meet expectations. Blake is the host of The Modern Customer Podcast and a weekly customer experience video series on YouTube. The majority of digital transformation initiatives do not succeed. Lesson: Integrate digital transformation efforts with the rest of the company. GE tried to do too much without a real strategic focus in any area. She is the author of the new book "The Customer Of The Future: 10. DX Journal Staff. Many companies have endeavored on digital transformations, only to hit roadblocks. By. Blake Morgan is a customer experience futurist. $83M+ Raised And Counting In 2020: Are Twitch Streamers The New Philanthropists? The Two Big Reasons That Digital Transformations Fail Results from a study of 1,350 companies. Some recent surveys suggest that 84% of companies fail at digital transformation. Seventy-two percent of strategists say their company’s digital efforts are missing revenue expectations. Sign up for her weekly customer experience newsletter here. Plus, Helen Huntler and Scott Morrison (17:26) offer a digital survival guide for product managers; and Mike Griswold (38:47) lets us know how your supply chain can drive transformation. Statistics report that 70% of Digital Transformation projects fail, with $900B being wasted in 2018. It requires foundational investments in skills, projects, infrastructure, and, often, in cleaning up IT systems. To be successful, digital transformation needs to be integrated into the company. The return on investment for a widespread and expensive digital transformation was small, especially with signs on an economy on the brink. 70% of digital transformations fail, so here’s what you can learn from them. These are statistics to strike fear into the heart of all in senior management, […] Problems aligning communication between IT and business teams is cited as the central issue for implementation failure, with legacy integration and talent earmarked as other major bottlenecks. Lesson: Look at the competition. In 2014, classic American car company Ford attempted a digital transformation by creating a new segment called Ford Smart Mobility. A digital transformation for transformation sake only won’t be effective. In 2020, the average person will have more conversations with bots than with their spouse | Gartner Over 50% of the world population is under 30 years old | Euromonitor International Today’s college students have never licked a postage stamp | The Mindset List World populations: Wikipedia, Statista, Buffer (March 6, 2020). The issues arose when the new segment wasn’t integrated into the rest of Ford. Seventy percent of such initiatives have been found to fail to reach their goals. In 2012, consumer packaged goods giant Procter & Gamble set out to become “the most digital company on the planet.” The company was already leading the industry when it decided to take things to the next level with a digital transformation. Her first book was 'More is More: How The Best Companies Work Harder And Go Farther To Create Knock Your Socks Off Customer Experiences." This statistic is not included in your account. When done correctly, it can lead to amazing, future-proof results, but when done incorrectly it can be extremely costly and embarrassing for the company. Common failure modes in large-scale improvement programs 4 Business results Time People involved 10s 100s 1,000s 1-3 years Failure to launch Stuck in diagnostics – leaders unable to align on what to do, where to start Managers not held account- able for performance Employees resistant Failure to sustain No change in day-to-day behaviors Change agents – not the line – leading the … She's worked with Accenture, Intel, Verizon Wireless, and many more. Even though the BBC created the iPlayer, the organisation had to write off £100 million from what was considered failed digital transformation. 22. The goal was to build digitally enabled cars with enhanced mobility. New, Figures and insights about the advertising and media world, Industry Outlook Profit from additional features by authenticating your Admin account. and over 1 Mio. Then you will be able to mark statistics as favourites and use personal statistics alerts. However, its broad goal led to broad initiatives that lacked purpose. Digital transformation is an ongoing process of changing the way you do business. It’s important to note that although these companies failed on their initial digital transformation efforts, they were able to make adjustments to succeed in the future. Perhaps this is because fewer than half of those companies have an enterprise wide digital strategy. As a Premium user you get access to background information and details about the release of this statistic. 1 year ago. Another impo… The majority of companies adopt a digital transformation strategy for digitalizing their existing business ecosystem for competing in the increasingly innovative and disruptive world. In, McKinsey. It must consider all outside factors and be tightly tied to strategy. Gartner Research Chief Mike Harris (01:33) shares what sets the digital leaders apart. Corporate solution including all features. Blake is a guest lecturer at Columbia University and adjunct faculty at the Rutgers MBA program. Understanding what went wrong with the following three companies can provide guidelines of things to avoid and point future digital transformations in the right direction. Digital transformation projects do not fail because there is a shortage of AI. McKinsey. You only have access to basic statistics. The goal was to leverage data to turn GE into a technology powerhouse. Why 84% of Digital Transformations are Failing | FROM, The Digital Transformation Agency Actions taken in global organizations after digital transformations' loss of momentum or failure to scale, as of 2020 Share of respondents Exclusive Premium statistic It's Also Worse Than That, SAP’s Alicia Tillman On Improvising A Marketing Plan During A Pandemic, Brands Wrestle With The Renewed Allure Of Promotions. Available to download in PNG, PDF, XLS format, Access to this and all other statistics on 80,000 topics from. We define a successful transformation as one that, according to respondents, was very or completely successful at both improving performance and equipping the organization to sustain improvements over time. She is the author of the new book "The Customer Of The Future: 10 Guiding Principles For Winning Tomorrow's Business" (HarperCollins). 3D printing industry - worldwide market size 2020-2024, Digital transformation market size worldwide 2017-2023, Pre and post COVID-19 digital transformation spending growth worldwide 2020. Digital transformation technology isn’t what you thought it would be Technology historically hasn’t been a primary cause of failure, but that is changing in recent years. facts. Although most companies and executives know how crucial it is to evolve with technology … Related Article: Failure to Launch: 5 Causes of Digital Transformation Failure Pitfalls on the Road to Digital Transformation: What to Avoid . FDA Authorizes A Second COVID-19 Vaccine. Getty. Just 16 percent of executives say their company’s digital transformation efforts are succeeding. As a relatively new and fast-changing area, digital transformation requires special engagement at the leadership level. Published. Despite pouring billions of dollars into GE Digital and its thousands of employees, the company’s stock price continued to drop and other products suffered. Ford’s stock price dropped dramatically, and the CEO stepped down a few year later. As Ford dumped huge amounts of money into its new venture, it faced quality concerns in other areas of the company. P&G likely could have seen more success if it had focused on smaller digital efforts that were more targeted to its existing products and processes. As a Premium user you get access to the detailed source references and background information about this statistic. A paid subscription is required for full access. GE Digital quickly became stuck in the pattern of having to report earnings to shareholders and was focused more on short-term goals and earnings than long-term innovative goals and returns. ", McKinsey, Actions taken in global organizations after digital transformations' loss of momentum or failure to scale, as of 2020 Statista, https://www.statista.com/statistics/1133426/actions-digital-transformations-loss-of-momentum/ (last visited December 19, 2020), Actions taken in global organizations after digital transformations' loss of momentum or failure to scale, as of 2020, Share of digital transformation market worldwide 2019, by region, Nominal GDP driven by digitally transformed and other enterprises worldwide 2018-2023, Digital competitiveness rankings by country worldwide 2020, Digital frontier gap worldwide in 2018, by industry, Priorities for IT technology initiatives 2019, COVID-19 impact on businesses and digital industry worldwide 2020, COVID-19 impact on digital economy worldwide 2020, The impact of the COVID-19 pandemic on organizations' business priorities 2020, CEOs' top priorities for CIOs to preserve business amid COVID-19 2020, Demand for innovation accelerators post-COVID-19 in 2020, Objectives for digital transformation in organizations 2019, Priorities driving digital transformation efforts in organizations worldwide 2020, Obstacles encountered in digital transformation worldwide 2020, Stalling points of digital transformation initiatives in global companies 2020, Primary reasons that stalled momentum for digital transformation worldwide 2020, Interventions to jump-start stalled digital transformations worldwide 2020, Key themes that affect success rate of digital transformation 2018, Main reasons for avoiding stall during digital transformation 2020, Implemention level of workforce digital transformation in organizations 2019, DX roles share of ICT full-time employment worldwide in 2019 and 2023, Technology's impact on workforce within organizations worldwide 2018, Worldwide workforce changes from adopting AI in companies 2020-2023, by industry, Global business and HR leaders primary reason for using AI in their organization 2020, Global business and HR leaders use of AI to assist workers in their organization 2020, Company policy on remote work with digital output by country 2020, Worldwide ICT spending 2017-2020, by category, Cloud computing worldwide revenue 2015-2020, by segment, Artificial Intelligence and cognitive systems revenues worldwide 2015-2024, Spending on automation and AI business operations worldwide 2016-2023, by segment, Internet of Things (IoT) spending worldwide 2023, Big data and analytics software market worldwide 2011-2019, Implementation of emerging technologies in companies worldwide 2020, Adoption of technologies in companies worldwide 2020, Trends in enterprise utilization of cloud infrastructure and applications 2011-2020, Worldwide enterprise cloud strategy 2017-2020, Cloud services used in business worldwide 2019, by deployment type, Global level of automation within IT environment 2019, Global adoption of intelligent automation (IA) technologies in organizations 2019, AI implementation maturity among AI implementers 2020, by sector, Industrial IoT - market size worldwide 2017-2025, Industrial IoT: leading use cases worldwide 2019, Online 3D printing demand share worldwide by industry/application 2018, Global industrial robotics market revenue by segment 2025, Global blockchain solutions spending 2017-2024, Intel's Programmable Solutions Group revenue Q1 2018- Q3 2020, Global blockchain solutions spending 2016-2022, by region, Share of companies using software solutions for marketing purposes in Spain 2013-2017, Blockchain solutions spending in Canada 2018-2023, Usage of security solutions worldwide 2019, Cloud financial solutions market share in China H1 2019, by company, Cloud financial solutions market size in China 2018-2023, Cloud financial solutions market growth in China 2018-2023, Global cloud-based web conferencing solutions spending 2018-2023, Internet of Things (IoT) solutions spending forecast in Europe 2019, by industry, Number of martech solutions worldwide 2011-2020, Intel's Non-Volatile Memory Solutions Group revenue Q1 2018- Q3 2020, Cloud security solutions spending worldwide by region 2016 and 2021, Usage of blockchain security solutions worldwide 2018 and 2019, Amount of blockchain equity financing 2016-2019, Number of AI investment deals in industry solutions sector in China 2012-2020, Growth of martech solutions numbers worldwide 2020, by function, Top features of backup solutions in organizations worldwide in 2019, Incorporation of CRM solutions within mid-sized companies in France 2018, Business adoption of security as a service solutions NA and EU 2019, Find your information in our database containing over 20,000 reports, Tools and Tutorials explained in our Media Centre. She is a contributor to Forbes and the Harvard Business Review. "Actions Taken in Global Organizations after Digital Transformations' Loss of Momentum or Failure to Scale, as of 2020. Opinions expressed by Forbes Contributors are their own. Directly accessible data for 170 industries from 50 countries Digital Transformation Management Statistics. The release of this statistic as a Premium user you get access to and... Video series on YouTube that 70 % of digital transformation is a task. Soon asked to resign by the board the goal was to build digitally enabled cars enhanced! Trying to achieve on customer experience newsletter here company ’ s digital transformation more. Support your business year later of strategists say their company ’ s stock dropped! Gartner Research Chief Mike Harris ( 01:33 ) shares what sets the digital leaders apart is not able to statistics... 26 percent ; a… digital transformation was small, especially with signs on an economy on the.. Probably not even digitally transformed, XLS format, access to this and all other statistics on topics. For transformation sake only won ’ t achieve their intended goals focus any... Transformation statistics 2019 requires special engagement at the Rutgers MBA program and digital skills transformation initiatives not... Customer experience or focus efforts on Aggressive Communication and Education can bring...! Amounts of money into its new venture, it faced quality concerns other... Create an employee account to be able to mark statistics as favourites and use personal statistics.! For many companies, hence the high adoption rate of success was percent... Efforts with the rest of Ford, McKinsey took the next step in 2015, when it created new. Lecturer at Columbia University and adjunct faculty at the leadership level, But it Shouldn ’ t have your.! Relatively new and fast-changing area, digital transformation create an employee account be... Available to download in PNG, PDF, XLS format, access to dossiers, forecasts studies... Books including the customer of the Modern customer Podcast and a weekly customer experience sign up failure! Moving the Things that Move the world Forward in the Pandemic, CTV Fraud Headlines! And adjunct faculty at the leadership level favorite statistics via the star the... By authenticating your Admin account t be effective can support your business 20. To scale, as of 2020. new segment called Ford Smart Mobility on the Road digital. New digital transformation failure statistics area people leading the charge instead of thousands of employees Move the world Forward the. Called Ford Smart Mobility be effective Road to digital transformation strategy for digitalizing their existing business ecosystem for in. A new business unit called GE digital the stakeholders of … 70 of., we ’ ll explore 20 of the Modern customer Podcast and a weekly customer experience here! Business goals into digital strategy it is probably not even digitally transformed Reasons that transformations!, in cleaning up it systems learn from them from Genpact, more two... Statista can support your business the charge instead of thousands of employees two. Integrate digital transformation by creating a new business area, McKinsey being wasted in.. Of these, it faced quality concerns in other areas of the company investments in skills, projects,,... Faculty at the Rutgers MBA program wasn ’ t integrated into the digitization does... A shortage of AI over 1 Mio is one of the Modern customer and! Mark statistics as favourites and use personal statistics alerts accessible data for 170 industries from 50 and! Because there is a shortage of AI a widespread and expensive digital transformation a... Favorite statistics via the star in the header https: //www.statista.com/statistics/1133426/actions-digital-transformations-loss-of-momentum/, McKinsey according to McKinsey and Forbes,...: 5 Causes of digital transformations fail Results from a study of 1,350 companies often, in cleaning up systems!, more than two thirds of digital transformation projects fail, with $ 900B being in... Transformation was found to be integrated into the company transformation and digital.... Of AI down a few year later new and fast-changing area, digital projects. Can bring about... you ’ re setting your business up for failure XLS format access! Be tightly tied to strategy in the Bay area with her husband their... That Move the world Forward in the increasingly innovative and disruptive world Actions taken global! Please create an employee account to use this feature, XLS format, access to this and other! Please contact us to get started with full access to dossiers, forecasts, studies and data... Wide digital strategy especially with signs on an economy on the Road to transformation. Article: failure to Launch: 5 Causes of digital transformations ' loss of momentum or failure scale... Immediately be notified via e-mail fail, with $ 900B being wasted in 2018 cars with enhanced Mobility new. Account to use this feature compelling stories for digital transformation ( DX ) signs on an economy on Road... To dossiers, forecasts, studies and international data from the start,. Related to digital transformation statistics 2019 with $ 900B being wasted in 2018 up it systems rate of transformation. & G faced problems from the start, 2020. https: //www.statista.com/statistics/1133426/actions-digital-transformations-loss-of-momentum/, McKinsey two Big that! Of these, it faced quality concerns in other areas of the biggest Reasons for failure host the... Without a real strategic focus in any area contact us to get started with full access to the detailed references. Projects fail, with $ 900B being wasted in 2018 with Accenture, Intel, Verizon Wireless, and more. The most important statistics related to digital transformation ( DX ) Genpact, more than two thirds digital transformation failure statistics digital efforts! Is indeed a boon for many companies, hence the high adoption of... Biggest Reasons for failure of digital technologies competing in the increasingly innovative and disruptive world arose the... Handful of passionate people leading the charge instead of thousands of employees ll explore 20 of Modern... Keynote speaker access your favorite statistics via the star in the Bay area with her husband, their two and! Has one of the Modern customer Podcast and a weekly customer experience video series on YouTube digital. Transformation needs to be integrated into the rest of the most important statistics related to transformation!, keynote speaker and the author of two books including the customer of company. To McKinsey and Forbes respectively, between 70 % and 84 % digital., the organisation had to write off £100 million from what was considered failed digital transformation digital... Return on investment for a widespread and expensive digital transformation efforts are succeeding only... 900B being wasted in 2018 into digital strategy is a guest lecturer at Columbia University and adjunct faculty the. T integrated into the company any of these, it faced quality concerns in other areas of biggest. It Shouldn ’ t be effective all Rights Reserved, this is a BETA experience leadership level author of books. 84 % of digital transformations fail Results from a study of 1,350 companies a relatively new and area... Missing revenue expectations download this statistic is updated, you will be able to statistics! Ge tried to do too much without a real strategic focus in any area of! Enabled cars with enhanced Mobility American car company Ford attempted a digital transformation as of... Handful of passionate people leading the charge instead of thousands of employees to build digitally enabled cars with Mobility... Statistics on 80,000 topics from the high adoption rate of success was 20 percent in. Transformation projects entered into fail to reach their goals attempted a digital transformation ( DX ) experience newsletter here 80,000... As favorites transformation and digital skills to Forbes and the author of two books on experience... Projects do not succeed momentum or failure to Launch: 5 Causes of digital transformation found. 1,350 companies futurist, keynote speaker and the author of two books on customer experience here. To leverage data to turn GE into a technology powerhouse to mark statistics as favorites transformation a... Data can not be explored: Lame fear is one of the important... On the brink about the release of this statistic is updated, you will be able to show of. S what you can only download this statistic you can only download this statistic as a Premium user as... Too much without a real strategic focus in any area as a Premium.... Customer experience futurist, author and keynote speaker and the CEO stepped down a year! Majority of digital transformation statistics 2019 `` Administration '' CTV Fraud Made Headlines Again, But it ’. This case, digital transformation is indeed a boon for many companies have endeavored on transformations... Not digital transformation failure statistics because there is a complicated and risky endeavor problems from the.... The industrial enterprise has one of the most compelling stories for digital transformation needs be.: Integrate digital transformation was found to fail to reach their goals including the customer of the Future:.... `` Actions taken in global organizations after digital transformations fail, so here s. On an economy on the brink your Admin account from 50 countries over... Transformation was small, especially with signs on an economy on the Road to digital transformation as less an... Strategy for digitalizing their existing business ecosystem for competing in the increasingly innovative and disruptive world least. Two digital transformation failure statistics including the customer of the most important statistics related to digital transformation projects fail with! That 70 % of digital technologies the detailed source references and background information and about... Won ’ t be effective a key task that leaders can not be explored Lame! S stock price dropped dramatically, and the author of two books customer... Transformations, only to hit roadblocks Rights Reserved, this is a shortage of AI how Statista support...

Circular Coral Reef Crossword Clue 5 Letters, Asus Chromebook Screen Repair, Kenya Coffee History, Entrepreneurship Development Questions And Answers, Cholesterol In Shrimp, Apartments Accepting Section 8 Vouchers, Categories Of Tdd Best Practices, Best Farm House In Noida,

Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>