Digital Convergence: The Secret to transformational success
The critical factors that shape the success or failure of digital transformation aren’t secrets, they’re people says Dr Karen Luyt, Snr Specialist: Digital Transformation at BCX.
Digital transformation fails. In fact, it fails slightly too often for comfort. McKinsey says 70% of transformations fail. BCG says only 30% of companies get it right. KPMG puts the percentage of failure at 73%. Considering how beneficial digital transformation can be to the business and its bottom line, it’s time to turn the percentage on its head. To take the 70% of failures and turn them into a 70% success rate, and the way to do this is through people.
Leadership is perhaps one of the most important success factors in any digital transformation strategy. Decision-makers and leaders need to know exactly why t...