These projects are risky and 90 percent fail. But the payoff could be market-leading products and services that beat out a close competitor or prevent potential disruptors from stealing market share.
These three are the absolute minimum requirements to try any kind of digital transformation. I think there is a lot of pre work that should be done too. I think money is crucial to tie down first as far too many projects like this end in a spiral as the cost goes up and up - financial and therefore results must be locked and controlled with a rod of iron to avoid a huge failure.
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