Executive Summary:
Before the COVID-19 pandemic, businesses had digital transformations strategies. However, these strategies halted after the pandemic, leading to significant digital disruptions. Unlike the pandemic, which only took a concise period, digital transformation takes years. Another reason for this failure is the business’s slow response to the pandemic. Also, businesses are incurring high costs to regain normalcy in their digitization. Most businesses are also suffering bad advice in terms of their digital transformation. There is, therefore, a need for CIOs to identify these challenges and come up with measures to handle them to regain normalcy in businesses.
Why Important to a CIO:
CIOs are responsible for the implementation of digital transformations. By understanding why most strategies are failing, CIOs can develop the best approaches to digitizing existing and upcoming businesses. Knowing why most strategies are failing is also important to a CIO since they can identify the weak points in the commerce sector. This approach helps the business to be up to date with the current trends, thus maintaining competition.