A recent report in Forbes suggests that approximately 70% of firms fail at digital transformation
. Other Forbes sources indicate similar high failure rates, with Boston Consulting Group research showing 26% complete failure and 44% suboptimal results, meaning only about 30% of digital transformation efforts are deemed successful
. Additionally, some reports cite failure rates as high as 84% depending on the measurement criteria and context
. This high failure rate is attributed to multiple factors including lack of clear strategy, resistance to change, insufficient resources, poor execution, and inadequate leadership
