Too many projects initiated by traditional businesses fail to deliver meaningful business outcomes in a reasonable time frame. A 2018 Gartner survey found that “90% of corporate leaders view digital as a top priority,” yet “83% of leaders struggle to make significant progress on digital transformation.”
Rapid and continuous innovative changes and more informed customers are pressing firms to have more fluid business strategies. Time to execution is now shorter and requires that businesses become more agile and learn to rely less on the siloed organizational structure to implement their strategy. Capital needs to be reallocated toward customer-driven initiatives and projects.
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Source: News