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It's problematic when companies don't have a clear definition of what digital transformation means The essence of digital transformation is to become a data-driven organization, so that key decisions, actions, and processes are influenced by data-driven insights, rather than by human intuition. You will only transform when you change how people behave and how things are done in your organization.
Every organization had to rethink how it does business because of the digital revolution. Large companies have invested a lot of money in digital transformation. The investments are projected to top $6 trillion by the year 2023, but they are often made without seeing the benefits. The failures are usually the result of underestimating the steps needed to execute a transformation agenda.
