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ARTICLE · 22 MAY 2023

Digital Transformation – The Statistics Are Not On Your Side

Taft, Stettinius & Hollister LLP
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We have often heard that mantra "digitize to survive." Businesses initiate a digital transformation to drive growth, improve business processes, and enhance the customer experience.

United StatesTechnology
Marcus S. Harris
Marcus S. Harris
Jillian S. Cole
Jillian S. Cole
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We have often heard that mantra "digitize to survive." Businesses initiate a digital transformation to drive growth, improve business processes, and enhance the customer experience. According to Gartner, digital transformation is an organizational priority for 87% of senior executives.

A number of studies from academics, consultants, and analysts indicate anywhere from 70% to 95% of organizations fail to realize the expected business benefits of their digital transformations and ERP software implementations. Some studies found that 70% of digital transformations failed due to employee resistance.

The challenges of successfully implementing ERP software or a having a successful digital transformation are daunting. The Covid-19 Pandemic made things worse. Because of Covid-19, many digital transformations were either rushed or implemented by teams working remotely. When faced with challenges, companies often cut back on change management, data integration, and

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