With digital transformation, businesses are aiming at streamlining their workflow/processes, enhancing productivity, reducing waste, responding quickly to customer feedback, and increasing ROI, among others.
However, about 70% of digital business transformation initiatives do not succeed to meet their objectives. So, before understanding why such staggering figures for failure, let us learn about digital transformation.
What is enterprise digital transformation?
It is about digital business transformation all aspects of your business by integrating digital technologies to deliver value to the end-customers. Here, enterprises do not always follow the well-trodden path but innovate and experiment to stay up the competition curve.
Digital business transformation may require the legacy systems to be overhauled and migrate all resources to the cloud. It makes any enterprise agile, responsive, and productive.
For example, a middle or large enterprise may go for digital transformation implementation by integrating its processes with the ERP software. This way, the management of the enterprise can track the movement of resources across the value chain and respond quickly to any sudden requirement.