With today’s rapidly changing business environment, every organization seeks to improve its business agility. While it is common to start a digital transformation program to achieve this, about 70% of IT / digital transformation projects fail, approximately 45% are late, and 25% get canceled! Let’s discuss possible causes and ways to get them back on track.
We talk about this a lot but do not always do a good job of explaining why it is so important. I would argue not understanding this difference and developing this mindset can cause your whole transformation to stall.
So what do we mean when we say project vs product and why is it so critical?
Read below for my thoughts on the topic.
Your organization is changing and undergoing transformation. You’ve rolled out Agile (Scrum and Kanban), you’ve scaled it (SAFe, LeSS, etc.) and even applied DevOps practices (you’re using Kubernetes right? Isn’t that DevOps?) Yet still, millions later, the purported value has yet to materialize.
So how come, after all this work, we still have not realized the value?
Despite all the evidence to the contrary, perhaps we are still stuck in old ways of thinking. Real transformation requires new ways of thinking about the problems and in the case of the examples above, have we really changed? (Kubernetes is an orchestration framework for containers and does not equate to having adopted DevOps).
With millions spent already, what are we missing?
You have an idea, a spark, concept of how your organization could do things better. Now all you need is to work out how. A typical pattern from here is:
Realize you need more information or organizational buy-in
Engage consultants to show you how
Consultants leave
You implement and realize all your goals!
Except step 4 so often doesn’t happen. You have the report, you’ve confirmed what you thought and have a solid plan, but at execution, everything goes wrong.
So what can you do to help your idea succeed once the consultants are gone?
Our role at Xodiac in helping organizations with their digital transformations is to create clarity and visibility. Especially as we believe in the importance of creating visibility as the first step in the transformation.
In fact, with seemingly every company undergoing a digital transformation, there are three main requests we are getting from our clients.
Having had some initial success, how do I scale?
What do I need to continue to grow?
How do I know I’m on the right track to achieve my goals?
Below I’ll give an overview of what we’ve seen help with these three concerns and how visibility is so crucial to all of them.