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IDC PeerScape: Practices for Reducing Risks in Digital Transformation Initiatives

IDC PeerScape: Practices for Reducing Risks in Digital Transformation Initiatives

This IDC study introduces types of risk factors that can derail digital transformation initiatives, along with practices for mitigating them. The study is intended to help IT and LOB executives identify risk factors before embarking on digital transformation initiatives so that they can create strategies and plans to remediate deficiencies and reduce risks."Digital transformation of businesses, customers, and markets is an imperative for most businesses, but it entails a high risk of failing to achieve desired business impact, leading to costly, and sometimes embarrassing, mistakes," says Marc Strohlein, adjunct research advisor with IDC's Research Network. "IT and LOB executives can enhance their chances for DX success by taking the time to assess their enterprises' risk factors and make the necessary adjustments."


IDC PeerScape Figure
IDC Opinion
In This Study
Situation Overview
Risk Factors for Digital Transformation
Weak Vision and Leadership
Siloed Cultures
Treating DX Initiatives as IT Projects
Challenges with Target Audience
Partner Weaknesses or Failure
Weak or Missing Governance
Practice 1: Assess Organizational Readiness for DX
Practice 2: Assess and Monitor Key Partners
Practice 3: Understand Customers' View of Digital Value
Practice 4: Find Synergy Between Traditional and Digital Business Models
Practice 5: Fully Commit to Digital Transformation
Future Outlook
Summary of Practices
Learn More
Related Research
Appendix
IT Executive Program Research Agenda
Synopsis

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