Why Do Transformation Projects Fail?

Transformation. It’s a concept that is everywhere these days. Unfortunately, many of these transformation initiatives eventually fail. According to recent IDC research, 6 in 10 CEO’s are under pressure to deliver a successful digital transformation strategy. Yet IDC’s research also showed that many organizations get stuck at the implementation of the strategy – where they must optimize and scale the solution across the organization.

So, why does this happen? Why do transformation projects fail?

Ed Maddock, CTO at iGrafx, recently spoke with Ian Hawkins, Editor at PEX Network, about this exact topic. Essentially, Ian asked what the difference is between transformation projects that work and projects that fall flat.

Ed began by explaining that the term “project” is a big part of the issue – it is not about just one project, but instead it needs to be an ongoing effort. An organization must figure out what projects you have to execute in order to achieve the goals you have set. And they must understand that you cannot just throw technology at particular problem – instead you need to understand the key processes, their impact and their interrelationships. He continues by explaining why failure occurs when organizations do not have the framework to understand how to build continuous business transformation and that success begins by having a process first view in place for long term ROI.

Listen to his complete perspective below!

Author
Melany Joy Beck
Date
March 18, 2020
Category
Uncategorized
Share

Related Content

Blog

2022 Year in Review

Groundbreaking partnerships, recognition, and expanded capabilities marked a year of growth for the organization committed to...
Blog

iGrafx SVP of Engineering Michael Nyman Named to Forbes Technology Council

Chief Product Officer Shoeb Javed announces Nyman’s acceptance into the organization, recognizing his key role. Congratu...
Blog

3 Ways to Streamline Process for Financial Services

Using the complete capabilities of an enhanced BPM toolkit, including journey modeling and process mining, enables financial ...