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This question is about digital transformation statistics.
What is the success rate of digital transformation?
The success rate of digital transformation is below 30%. Although digital transformation is the most popular up-and-coming business strategy that promises to boost efficiency and customer experience, it's had a success rate of less than 30%.
While this percentage sounds low, and it is, this is partially attributed to its overall newness. Additionally, other researchers have come to different conclusions. One survey of companies that went down the digital transformation path found that 56% of CEOs said their digital improvements improved their profits.
It was also discovered that companies with digital-first strategies are 64% more likely to achieve their business goals than their competitors.
In other words, determining the successfulness of digital transformation is a bit of a toss-up right now.
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