1Why Do So Many Digital Initiatives Fail?
An increasing number of companies are investing heavily in the often-discussed digital transformation, but these efforts represent a high-risk/high-reward proposition, according to a recent survey from Fujitsu. The accompanying report, “The Digital Transformation PACT,” reveals that many projects fail—at a great cost to business. But, as referenced in the report’s title, IT departments can work with business leaders to ensure success through what Fujitsu calls “PACT” (People, Actions, Collaboration and Technology), which is cited by survey respondents as the four prime components of a winning digital project. Other findings indicate that organizations are embracing shadow IT to encourage more innovation, and are even embarking on co-creation projects with outside partners. A total of 1,614 global business executives took part in the research.
5Shopping List, Part I
6Shopping List, Part II
7Drivers of Digital Project Success
11Factors For Successful Digital Transformations
12Top Outcomes of Successful Digital Transformations
13Popular Partners for Co-Creation Projects
Tech experts: 64%, Customers: 42%, Start-ups: 37%, Competitors: 30%