The Pillars of Digital Transformation that Powers Real Change | Vinayak Kharche | TEDxNerul

Digital Transformation Challenges - 70% to 80% of projects fail due to improper planning, not technological difficulties [4] - Lack of clear vision and strategy leads to digital project failures [4][5] - Digital initiatives failing to align with business objectives results in project failure [5] - Isolated organizational structures and lack of inter-departmental collaboration hinder data sharing and project execution [6] - Inadequate data management and legacy systems incompatible with new digital technologies impede data sharing [7] - Insufficient data availability, especially for AI-driven initiatives, leads to project failures [8] - Underestimation of cost, time, and effort for digital transformation programs, coupled with pressure on ROI, can cause impatience and project failure [9] Key Success Factors for Digital Transformation - Empowering employees with the right insights derived from sufficient data is crucial for timely decision-making [12] - Implementing systems that adapt and learn from past data is essential to avoid obsolescence [13] - Adapting processes to accommodate new modern data technologies is necessary for successful technology adoption [13][14] - Data sits at the center of people, process, and technology, coordinating to provide the right insights at the right time [14] - Automating processes with digital technologies minimizes human intervention and accelerates work [15]