Digital Transformation Risk
A Wall Street Journal survey of executives found that digital transformation risk was their #1 concern. Yet 70% of all digital transformation initiatives do not reach their goals. Of the $1.3 trillion that was spent on digital transformation in a year, it was estimated that $900 billion went to waste. Indeed, even though companies have spent millions of dollars on digital transformation initiatives, 80% of the line-of-business (LOB) work in an enterprise is still done outside of system(s) of record much of it within Excel.