Nearly 70 % of digital transformation initiatives fail. Do you know why?

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The world is constantly changing with technology, and digital transformation is key to any business.

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Yet organizations are unable to fully understand the expected success of their digital transformation initiatives. However, large companies are constantly increasing their productivity while saving money and resources through digital developments.

Nearly 84 % of digital transformation initiatives fail. Do you know why people fail to finalize an IT project? Most often, it's due to poor planning and execution.

Not only that, leadership teams often underestimate the importance of digital transformation. Establishing a solid foundation for development is the most important point for companies to reach new heights. Are you sure you're ahead of your competitors in terms of IT initiatives? I don't think so.

IT initiatives aren't that complex, it's more the people who complicate things by doing things wrong. I have helped many companies with their digital transformation. Successful IT initiatives always have something in common. So let me tell you how to make your IT projects successful.

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How do companies grow at incredibly high percentages?

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Digital transformation is increasingly being embraced by companies across all industries. Buyers still favor companies with strong technology while keeping budget and quality as their primary goals. As a result, companies are beginning to adapt to digital platforms.

That said, IT initiatives are the gateway to achieving better results and outperforming the competition in terms of price and quality. To be honest, digital transformations are not as complex as they seem. Here are some key things to consider when planning an IT initiative.

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Stay ahead of the curve and start early

Whether it's work or business, early risers will always be able to enjoy the fruits of their efforts first. Plus, starting early gives you enough time to be ready with well-structured plans and actions.

Well-designed projects tend to cross the finish line smoothly with a minimum of errors. In other words, you are sure to succeed with a minimum of statistical damage.
If you don't set aside enough time for your IT initiatives, you'll likely find yourself doing it in a hurry. And you will eventually fail. Allocating a short amount of time for a project is one of the most common causes of failure for companies in their IT initiatives. That said, start your IT initiatives one step ahead of your competitors.

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Go gradually

There is no need to invest all the time and money at once. Start step by step. You don't need to start and finish the whole process at once. It's like trying to eat a whole pizza in one bite.
Instead, you should plan your steps by setting deadlines for each part of the project. In addition, it is a good idea to take a short break between each step. This way, you will be able to maintain the regular flow of your usual activities, cash flow and use of resources. As a result, you won't risk losing productivity during the IT initiative.

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Recruiting skills

Is your operations manager a computer engineer? If so, you can only benefit from his or her reflexes and skills as an operations manager. Instead, you need someone with the right skills, someone with an IT strategist profile who can help you align your IT initiatives with your business objectives. Experience, accomplishments and references on similar projects are mandatory for best results.
Tap into the talents and experts in your team and eventually they will help you develop a solid digital platform. And you can eventually enjoy several benefits such as low cost, high productivity, increased efficiency and competitiveness.

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Plan, develop, execute and supervise

Develop a creative and innovative concept that will impress both employees and customers. Also, make it last a long time. Developing a digital platform is not the final step in an IT initiative. The process continues with error detection and correction to develop a reliable digital platform where you can add powerful tools and services that will contribute to the customer experience.

By failing to put in place the right infrastructure for your needs, you will be hindering the success of the other initiatives you will implement. You can't build a skyscraper on sand!

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Be realistic

Investing in IT initiatives is important to the future of your businesses. However, doing it all at once or very quietly can lead to unpleasant experiences. Instead, you should invest little by little and over the long term. Develop an IT strategy and monitor the results very closely.

All you need is a well thought-out plan with realistic timelines and a reasonable budget. Unrealistic budgets and wacky IT initiatives tend to fail by putting you back to square one.

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Conclusion

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Finding the right skills is the most important part of any IT initiative. Take the time to look for people with a proven track record. Check out their live portfolios and meet with them to see if they will be comfortable with you as a team member. You need to have confidence in these people and their methodology.

Recruit a person rather than a brand. Because people work for people and money, big brands just follow protocols.

We wish you all the best with your IT initiative.

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If you need help, we are here to answer your questions.

Looking for a partner to build your future digital success? Don't hesitate, contact us.

Have an efficient week!

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