Ten common pitfalls can derail technology transformations, according to a McKinsey report. These ‘antipatterns’ include a failure to understand the business’s needs, an overreliance on external consultants, and a lack of clear vision.
Firstly, businesses often neglect to define the problem they’re trying to solve, leading to misguided efforts. Secondly, companies frequently depend too heavily on external consultants, which can result in a lack of internal ownership. Thirdly, a lack of clear vision can lead to confusion and wasted resources.
Other pitfalls include a failure to prioritise, a lack of agility, and an overemphasis on technology. Without clear priorities, businesses can find themselves spread too thin. A lack of agility can hinder a company’s ability to adapt to changing circumstances. Furthermore, an overemphasis on technology can lead to solutions that don’t meet the business’s needs.
The report also highlights the dangers of siloed decision-making, a lack of talent, a failure to measure progress, and a lack of commitment to change. Siloed decision-making can lead to disjointed efforts, while a lack of talent can hinder a company’s ability to implement new technologies. Without measuring progress, companies can struggle to maintain momentum. Lastly, a lack of commitment to change can lead to resistance and stagnation.
Avoiding these pitfalls can help businesses successfully navigate their technology transformations.
Go to source article: https://www.mckinsey.com/business-functions/mckinsey-digital/our-insights/ten-antipatterns-that-are-derailing-technology-transformations?cid=soc-web