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In the coming years, digital transformation is going to change the way people conduct business. So much so, that the shift has an anticipated value of approximately $767 billion by 2026. If your business is looking to get less analog in the way you go about your processes, you need to understand the pitfalls that many businesses are going to experience so that yours can thrive. This month, we take a look at why digital transformation objectives fail and what you can do about them.
According to a study conducted by the Boston Consulting Group, three out of four businesses will not reach satisfactory levels of digital transformative success, with many of those businesses finding troubles as a result of failed IT projects.
When an IT project fails, it can severely impact a business. This comes from wasted capital, productivity and revenue generation being interrupted, and costs to reestablish policy and procedure. Unfortunately, some plans that start with great anticipation can go horribly wrong and negatively impact the bottom line.
According to Tsedal Neely of the Harvard Business School and Julia Lamm of PricewaterhouseCoopers, there are basically four reasons why your IT projects fail. They include:
Our team of IT professionals have years of experience with business technology implementation and can really be a huge benefit when trying to transform your operational effectiveness through technology. If you would like to learn more about how we can help your IT projects be a success, give us a call today at 317-759-3972.
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