3 Stages of a Successful Digital Transformation

Digital transformation has been at the top of corporate agendas for at least a decade and shows no sign of slowing down. The rate of digital transformations failing to meet their original objectives ranges from 70% to 95%. The most under-appreciated reason that digital transformations fail is by going too big, too fast. The key is to start with modernization efforts that don’t transform the business, but which create the capacity to succeed in more ambitious efforts later on. The last phase is about new business creation and uncovering new sources of value.

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