Companies across every industry sector are embracing digital transformation processes and practices to drive growth, reduce risks, and gain an edge over their competition. However, the success rate is less than stellar. While many executives see digital transformation as their company’s most critical growth driver, industry stats suggest that 70% of digital transformation projects fail.
Siemens wanted to understand this disconnect between the drive for digitalization and success. Our findings suggest that without a clear vision and consistent leadership from the top down, digitalization projects will either not deliver their full promised potential or they will fail outright.
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Siemens
