Over the past two years or so, Digital Transformation has been the buzzword of the tech industry. No matter which organization you reach out to, it has been transforming digitally in some way or the other.
This aspect is further affirmed by the sheer enterprise spending on digital transformation initiatives, which is estimated to be, to the tune of a whopping US $700 BN annually. A recent study published by Futurum Research has a different take on this.
Unlike the common perception that this huge spending on digital transformation initiatives is also delivering results, the research highlights the factors that are preventing enterprises from achieving the desired outcomes from such endeavors.
Change management, certain operational elements of digital transformation initiatives, and inability to adopt the optimal digital adoption programs have been cited as the major factors that are holding back enterprises from taking advantage of digitalization.
The report highlights that nearly 54% of the surveyed enterprises faced employee resistance in the adoption of digital technologies. The research does not stop at just pointing out the flaws, but also stresses what can be done to turn this around.
Some key ingredients of a successful digital transformation include a sound vision, defining a clear and quantifiable roadmap, change management and tackling the resistance that is encountered due to digitalization initiatives.
42% of the surveyed enterprises cited the lack of technical knowledge and the right skillset for pulling off digital transformation as a genuine hurdle. The research stresses the need for making employees an integral part of the whole transition process for the best results.
With an all-inclusive approach, adequately skilled professionals and proper change management, enterprises will be able to pull of digital transformations that truly justify their value to the enterprise, both in the short as well as mid to long term.