Why enterprise digital transformation efforts stall
Digital transformation is the business buzzword of the year. But if you feel like you’ve come to a standstill in your digital transformation efforts, you are probably not alone.
Enterprises are likely to hit a roadblock after the initial stage of digital adoption, according to a recent survey by outsourcing consultancy and research firm Everest Group. In fact, 43 percent of organizations are going through what Everest has dubbed the “digital trough,” according to a survey of 120 business and IT leaders at North American companies that have embarked on significant digital adoption programs.
The ‘digital trough’
Most organizations experience a honeymoon period at the start of their digital journey. “Investments are flowing, everybody believes in this brave new world they are going to create together,” according to Chirajeet Sengupta, Everest Research vice president member of the IT services research team. “However, the second phase is when things change. Suddenly, everybody starts questioning the value of what they are doing. Investments tend to get constrained, organizational capabilities are stretched and tested, and traditional business processes and organizational behavior are challenged. This is the ‘digital trough’.”
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