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Most companies are not achieving ROI on digital transformation projects

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(Image credit: Image source: Shutterstock/everything possible)

For many businesses, digital transformation (opens in new tab) initiatives are not yielding the expected results. As a consequence, the majority (56 percent) are worried about failing to achieve a return on investment (ROI).

This is according to a new report from value stream platform Digital.ai, based on a poll of more than 600 enterprise IT, security, and business decision-makers, which states that a lack of visibility into software planning processes is plaguing businesses.

Less than two-thirds of the poll’s respondents (62 percent) said they can provide much-needed visibility, and a third (34 percent) are said to be doing “poorly” on this front.

Furthermore, there’s a damaging misalignment between software development and delivery processes on one side and business objectives on the other, despite alignment proving “critical” to driving better business outcomes.

While almost all (94 percent) believe software development and delivery must be better linked with business objectives, just over half (54 percent) said they succeed in that respect. On top of that, 78 percent 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 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.”

Sead Fadilpašić is a freelance tech writer and journalist with more than 17 years experience writing technology-focussed news, blogs, whitepapers, reviews, and ebooks. And his work has featured in online media outlets from all over the world, including Al Jazeera Balkans (where he was a Multimedia Journalist), Crypto News, TechRadar Pro, and IT Pro Portal, where he has written news and features for over five years. Sead's experience also includes writing for inbound marketing, where he creates technology-based content for clients from London to Singapore. Sead is a HubSpot-certified content creator.