Digital World

Digital Transformation is slowly but steadily emerging as an integral part of organizations across the globe. While all the intent among organizations to walk down the Digital Transformation road is very much welcome, the big question is: how many organizations have been able to chart out a successful Digital Transformation journey. According to an Everest Group study, a whopping 73 percent of organizations failed to deliver business value from their digital transformation efforts. The study further stated that 78 percent of organizations failed to meet their business objectives, which effectively means that only 22% of organizations achieved their desired business results. The findings from the study are a reiteration of the fact that organizations are struggling to orchestrate a successful Digital Transformation journey . One of the key reasons why organizations are unable to undertake a successful Digital Transformation initiative is the lack of upfront commitment. This is becaus...

The words Digital Transformation has reverberated in boardrooms across the globe for quite some time now. With so many business, operational, and societal benefits, it is little wonder that every business – big or small – wants to crack the code of a successful digital transformation approach. However, regardless of how well documented the benefits of DT are, the reality on the ground is that many organizations find it challenging to get an appropriate ROI. A recent survey of directors, CEOs, and other senior executives discovered that despite being the top concern in 2019, 70% of all Digital Transformation initiatives last year, worth approximately $900 billion, went down the drain. Let’s try and understand what are the 5 takeaways from a Successful Digital Transformation Approach . 1. DT SHOULD SOLVE A BUSINESS PROBLEM Digital transformation is not about technology alone. Successful implementation of digital strategies is only possible when it focuses on solving a business pro...

The changing market dynamics coupled with cut-throat competition have left organizations with no option but to walk down the Digital Transformation road. But merely deciding to jump on to the Digital Transformati on bandwagon is not enough as organizations need to have an adequate understanding of how they can optimize their business by embracing Digital Transformation. Over the last few years or so, Digital Transformation initiatives have indeed set tongues wagging as it holds immense promise to transform the future of business, of society, the way we live, work, interact, etc. According to a report released by Gartner, 40% of CEOs listed the company’s growth as their top priority. But to fuel sustained business growth organizations need to adopt a successful digital transformation approach . On many occasions, it has been observed that organizations have a superficial understanding of Digital Transformation and this explains why they have been unable to maximize gains from their D...