Digital Transformation Podcast
Strategies for Digital Process Improvement and Transformational Change
Nov 16, 2023
Tory Bjorklund, CEO of Victoria Fide Consulting, discusses strategies for digital process improvement and transformational change. Topics include avoiding digital transformation failure, process improvement in struggling organizations, action items for implementing change, and the importance of organizational maturity in preparing for the future.
32:27
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Quick takeaways
- Digital transformation initiatives often fail due to a technology-first mentality, neglecting the importance of people and processes.
- To avoid failure, companies should prioritize a business-first mentality, aligning technology choices with overall strategy and objectives.
Deep dives
Common reasons for high failure rate in digital transformation initiatives
Many digital transformation initiatives fail due to a lack of preparation, primarily caused by a technology-first mentality. Companies often focus only on the technology aspect, disregarding the importance of people and processes. This failure to consider organizational change and readiness leads to a high failure rate in digital transformation projects.
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