With news last week of a decade-old incomplete $340m federal government transformation, let's talk about Digital Transformation because it seems like every organisation is trying to do one these days. Talk about a buzzword!
According to a 2022 McKinsey & Co study, a majority of transformation projects fall short of expectations, often with profound consequences. A similar report by BCG in 2020 showed similar findings.
Putting aside my personal views around how innovations in technology automatically imply the need for an ongoing state of transformation that doesn't require a 21st century buzzword-y title - why do so many Transformation initiatives fail?
In my experience, there are a few reasons:
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This article was first published on LinkedIn and is also on my business consulting blog.
