49% of businesses are not seeing the results they expected from their digital transformation initiatives. Hence, 56% are worried about the return on their digital transformation investment.
These have been the findings of a survey from value stream platform Digital.ai, based on a poll of over 600 enterprise IT, Security, and Business decision makers on the state of digital transformation in their business during the COVID-19 pandemic.
The overwhelming majority (99%) of leaders agreed that organizations need visibility into business planning processes to produce better outcomes, but only 62% said they can provide that visibility and 34% admitted they are doing poorly at providing visibility.
Additionally, 94% of respondents said organizations need software development and delivery to be better linked with business objectives, but only 54% said their Business, IT, and Security teams are strategically aligned and working toward the same goals and objectives.
What’s more, 78% of leaders said COVID-19 has further impacted the alignment between business and IT value streams in their organizations.
“We’ve found that in large enterprises that succeed at true digital transformation, business and technology teams work collaboratively to define value and drive outcomes,” said said Derek Langone, Head of Strategic Transformation at Digital.ai..
“These companies typically organize themselves in terms of value streams, employ an open approach to sharing information, and leverage enterprise-grade solutions that offer full visibility and rich, predictive insights across the entire organization.”