Forbes.com feature: Three Questions To Ask Before Starting A Digital Transformation Project
Michael Tyrimos of our team writes in Forbes on the three questions to ask before a digital transformation project begins.
Michael Tyrimos of our team shares his thoughts in a new Forbes Technology Council article, “Three Questions To Ask Before Starting A Digital Transformation Project.” Here are the key highlights.
- Bain's 2024 research found that 88% of business transformations fall short of their original ambitions. The issue is rarely the technology, it is the people and priorities behind it.
- Is the leadership aligned? Executives and directors need the same understanding of what the transformation involves, not only the sponsor who signed the engagement.
- Is the team on board? The people whose work will change need to understand the vision, the reasoning and what it means for them. McKinsey puts the digital transformation failure rate at roughly 70%.
- Is there a clear decision maker? Someone must have the mandate to approve trade offs, reduce scope and unblock departments. EY and Oxford Saïd research found 96% of programmes hit at least one turning point.
Read the full article on Forbes
About Capacitor Partners
Capacitor Partners is a consulting and implementation firm specialising in business and technology transformation, with expertise in technology, business operations and Artificial Intelligence. With clients across six countries and experience spanning eleven industries, the firm supports public and private sector organisations in designing and implementing strategic change, helping them improve operational efficiency, strengthen competitiveness and create sustainable business value.
