While enterprises throughout the world have embraced the concept of digital transformation, these transitions are often less successful than one would expect. According to a 2020 study from BCG, only 30 percent of transformations met or exceeded their target value and resulted in sustainable change.
However, many enterprises are accelerating their digital transformation efforts in response to the COVID-19 pandemic. IDG reported that 59 percent of IT leaders are increasing digital transformation efforts as a result of pandemic pressures.
There are no miracle solutions to ensure the success of a digital transformation. Each situation varies depending on the size of the enterprise and the scope of the transformation; a winning strategy requires careful planning and a tailored approach. But while each enterprise’s goals and circumstances are nuanced, some overarching approaches have emerged that can help you reach a positive outcome.