Fundamental changes — some temporary, some permanent [...], 18 December 2020 / Simplicity will be the watchword for 2021 – a statement that isn’t often used for [...], 17 December 2020 / Search is integral to our experience of the internet. Scott Morrison is a Managing VP for Technology and Service Provider Product Manager research. Gartner Supply Chain Executive Conference 2019, Gartner Tech Growth & Innovation Conference 2019 (USA), Webinar: Winning in a World of Digital Dragons, Webinar: Emerging Practices for a Data-driven Strategy, Do Not Be a Digital Transformation Failure: Mike Harris. It answers our questions, satisfies our [...], 17 December 2020 / Making any prediction at the end of 2020 might seem like a risky business. A whopping 73 percent of enterprises failed to provide any business value whatsoever from their digital transformation efforts, according to an Everest Group study last year. Thank you for listening to Gartner ThinkCast. To successfully transform, organizations … ©2020 Gartner, Inc. and/or its affiliates. Gartner identifies 6 barriers to becoming a digital business, What is digital transformation in business: Everything you need to know, Treading the path to a successful digital transformation, Boeing’s digital transformation… it’s cultural. All rights reserved. Current Biography: Collaboration is the determining factor for the success or failure of your digital transformation initiative. | 22:53, Listen Now We use cookies to deliver the best possible experience on our website. With Gartner insights and guidance, learn to uplift customer experience through digital transformation in retail. Supply chain as digital transformation enabler. Digital workplace trends will be further discussed at the Gartner Digital … In this vein, product managers, the creators, are the new drivers of digital transformation. Product managers largely see themselves as responsible for managing the launch of and creating the strategy around products. He has previously led teams covering IaaS, PaaS, CDN, hosting, UC, UCaaS, telephony and videoconferencing. 18 December 2020 / Research from Industrie Reply found that 80% of industry workers are still searching for a [...], 18 December 2020 / Covid-19 cast a very long shadow over 2020. Do NOT follow this link or you will be banned from the site. Digital transformation technology strategy, Getty. All content on Gartner ThinkCast is owned by Gartner and cannot be repurposed or reproduced without Gartner’s consent. To effectively reinvent your business, consider carefully and then synchronize change along four major aspects of their business model — value proposition, customer base, business capabilities and profit model. Read here. Mr. Harris joined Gartner in 1998. How successful are our digital transformation initiatives? Previous roles include helping line-of-business users align corporate strategy with their supply chain process and technology initiatives. Successful product managers can sometimes mitigate these issues ensuring an on-time launch. But, the challenge companies face is that up to 70 percent of digital transformations fail. Make sure yours does not follow that crowd. Gartner ThinkCast puts you at the intersection of business and technology with insights from the top experts on how to build a more successful organization, team and career in the digital era. Read more: Mobilize Every Function in the Organization f… What’s more, digital transformation is, ironically, more difficult for larger companies than smaller ones. 40% of all technology spending will go toward digital transformation… Axulus solution accelerates IIoT innovation at scale, Three trends that will transform cloud computing in 2021, Simplicity is the key to smart neighbourhoods, How Apple’s pending search engine hints at a rise in enterprise search, Choosing the right ERP partner for your organisation. I want to recieve updates for the followoing: I accept that the data provided on this form will be processed, stored, and used in accordance with the terms set out in our privacy policy. Listen Now And, product managers who typically launch on time are more likely to meet their internal targets within a year of launch. Gartner is an impartial, independent analyst and advisor. Unlock success in digital health transformation After [...], 16 December 2020 / As machine learning disrupts more and more industries, it has demonstrated its potential to reduce [...], 16 December 2020 / New NTT CEO Dubey will will continue to help clients through their digital transformations, while [...], 16 December 2020 / The criticism commonly levelled against enterprise resource planning (ERP) systems is that they are monolithic [...], 15 December 2020 / While cloud adoption driven by IT is believed to date back to 2009, the Covid-19 [...], Fleet House, 59-61 Clerkenwell Road, EC1M 5LA. Join us to get your competitive advantage. (Research and Markets) Digital transformation initiatives. Sorry, No data match for your criteria. Gartner clients can read more in the report: “Use ‘Change Leadership’ Principles to Propel Your Digital Workplace Program to Success.” Gartner Digital Workplace Summit. Prior to joining Gartner, Mr. Morrison ran the consulting group for a U.K. market development firm, MDI Ltd., and was previously director of market strategy with German service provider Telint Global and U.S. broadband technology vendor Narad Networks. The pace of change has never been this fast, yet it will never be this slow again. Please refine your filters to display data. Digital transformation, which is the integration of digital technology into all aspects of a business, is a $1.7 trillion industry and yet 70% of all digital transformations fail! … Are organizations rethinking their supply chains? Insurers also need to revisit their culture to make room for a more creative approach as they attempt digital transformation, suggested Kimberly Harris-Ferrante, VP and Distinguished Analyst, Gartner (Stamford, Conn.), during her session, “The Biggest Point of Digital Transformation Failure… No thanks I don't want to stay up to date. Helen Huntley is a Vice President in Gartner Technology and Service Provider research. The digital transformation market is expected to grow at a CAGR (compound annual growth rate) of 23% from 2019 to $3.3 trillion by 2025. Make sure yours does not follow that crowd. In one guide to digital transformation, Gartner released 10 planning guide topics that they feel are pivotal for driving successful digital transformation. Ms. Huntley provides guidance and analysis to CIOs and senior IT leaders in corporations and government agencies, business leaders in high-tech enterprises and professional services firms, and technology investors. Indeed, Gartner found that 46% of product managers said they are responsible for managing the planning, development and introduction phases of a product, while 39% of survey respondents said creating a product strategy and planning and building product roadmaps were key responsibilities. Plenty of cash is flowing into digital initiatives at large, industrial companies. The information on Gartner ThinkCast should not be construed as a Gartner endorsement of any enterprise’s products or services. The survey showed that only 11% of organisations reported that all of their products met 100% of defined internal launch targets,” said Adrian Lee, senior research director at Gartner. The whole organization needs to understand what investments and initiatives are needed as you tweak each element of the business model and pursue your digital future. Product managers can evaluate the effectiveness of their product management strategy and organisation using strategic planning tools, which allows them to determine where improvements will add value and establish a plan to advance the organisation. A product may not launch in the scheduled time frame due to several factors, including lack of formal launch processes, delays in product development (bugs, errors and feature creep), failure to meet customer requirements, product quality or even supply problems. Digital upends old models. We equip business leaders with indispensable insights, advice and tools to achieve their mission-critical priorities today and build the … He has held a variety of global leadership roles, including SVP of the IT Leaders and Technical Professionals Research group, GVP of the Technology and Service Provider Research group, GVP of Communications Research, MVP of the Network Services team, and head of the Network and Internet Services practice within the IT Management group. Reset Your Business Strategy Amid COVID-19. Plus, Helen Huntler and Scott Morrison (17:26) offer a digital survival guide for product managers; and Mike Griswold (38:47) lets us know how your supply chain can drive transformation. According to the results, no single action explains the difference; in fact, the more actions an organization takes, the more likely its transformation … Scott Morrison | Managing Vice President. Read here. Digital. For the 45% of product launches that are delayed, 20%, on average, fail to meet their internal targets. Why? The Evolving Product Manager: Helen Huntley and Scott Morrison. The steady cadence of the message to focus on digital transformation is important, but the reality is that it runs the risk of creating transformation fatigue. His team's research provides practitioner insight to product managers in diverse technology spaces including software segments such as ERP and HCM, data and analytics, and cloud, data center and content delivery services. Gartner is the world’s leading research and advisory company. Please rate, review and share with your colleagues. “The product manager role is one of the most cross-functional in the organisation. | 19:29, Hosted by: Heather Pemberton Levy and Kasey Panetta. PARIS, November 14, 2000 —A staggering 40 percent of information-technology projects fail, which costs the average IT organization $1 million each year, according to a joint study by … VideoMy conversation with Michael Gale on the trials and tribulations large companies still face on their journeys towards digital transformation. A Gartner survey has found that 85% of organisations now favour a product-centric application delivery model. “Product managers who run late with product launches need to be keenly aware that this situation will directly increase the risk of increasing the failure rates.”, Gordon Cullum, CTO at Mastek looks at what it takes to drive a successful and evolving digital transformation strategy. Gartner research, insights and tools enable CIOs to successfully lead their healthcare organizations’ digital transformation initiatives to maximum impact. He is responsible for assisting supply leaders in understanding and implementing demand-driven supply chain principles that improve the performance of their supply chain. Just 16 percent of executives say their company’s digital transformation … The majority of digital transformation initiatives do not succeed. We look at five common pitfalls and how to overcome them to achieve digital transformation … Her coverage includes IT strategy, key trends impacting IT and digital business, global sourcing (global, nearshore, onshore and rural sourcing, sourcing strategy, evaluation and selection of suppliers, contracting and vendor management), maximizing the impact of IT on enterprise goals and objectives, workforce strategy and planning (internal resources, staff augmentation/contingent labor, project sourcing via statement of work or long-term managed service outsourcing deals). (Research and Markets) Are there digital transformation failure statistics? Mr. Griswold joined Gartner through the company's acquisition of AMR. | 14:26, Listen Now Plus, Helen Huntley and Scott Morrison (17:26) offer a digital survival guide for product managers; and Mike Griswold (38:47) lets us know how your supply chain can drive transformation. 8. This is perhaps one of the hardest aspects of a digital transformation, largely because it flies in the face of so much vendor pressure. This should happen early on and repeatedly in the product life cycle to allow for possible revisions based on feedback gathered from stakeholders. “However, the survey showed that fewer than 20% of organisations see their product managers as driving innovation or improving collaboration within the company.”. Product managers seeking to collaborate to drive business should ensure they communicate their product vision and roadmap across all the other stakeholders in the company. Gartner Research Chief Mike Harris (01:33) shares what sets the digital leaders apart. Mike Griswold is a Research VP in Gartner's Consumer Value Chain team, focusing on the retail supply chain. All content on Gartner ThinkCast is owned by Gartner and cannot be repurposed or reproduced without Gartner’s consent. Technology is moving extremely fast and you don't want to miss anything, sign up to our newsletter and you will get all the latest tech news straight into your inbox! Recent history suggests not many. The biggest digital transformation mistake. Michael is a partner at PulsePoint group. She further advises IT technology providers on market opportunities, business model imperatives, market disruption, go-to-market and differentiation strategies. It’s all about digital transformation. 7. Furthermore, … According to a Gartner survey, only 55% of all product launches take place on schedule. The survey found that 78% of product managers who viewed improving collaboration internally as one of their top three roles, experienced low product failure rates. But… what happens when a product launch is delayed? What Business Leaders Must Do Now COVID-19 forced digital transformation to move at an unprecedented rate, by some estimates fast-forwarding consumer and digital … Most change programs fail … and for predictable reasons 5 30 70 Employee resistance to change Management behavior does not support change Inadequate resources or budget Other obstacles 39 33 14 14 % of efforts failing to achieve target impact Change program failure rate Reasons for failure SOURCE: McKinsey Quarterly Transformation … All content provided by other speakers is expressly the views of those speakers and their enterprises. How can product managers make sure their products launch on time? Estimates vary, but digital transformation failure rates range from between 60 to 80 percent and show no signs of improving. A staggering 70% of digital transformations fail.Although most companies and executives know how crucial it is to evolve with … Digital transformation is one of the biggest business buzzwords of the moment but firms are still failing to get their plans off the ground. Product launch failures: 45% are delayed by at least one month — Gartner Product managers, the new drivers of digital transformation, who focus on improving collaboration experienced lower product launch failure rates To learn more, visit our Privacy Policy. Moreover, everyone wants to put a magic cap on top of … Although it’s a staggering number, the rate of digital transformation failure hasn’t altered the belief that such efforts are crucial to the future of organizations across the spectrum of industries … This is especially true at the product introduction phase when other functions such as marketing, sales, sales enablement and finance come into play,” said Stephanie Baghdassarian, senior research director at Gartner. “A product launch that meets all internal targets is seldom achieved. What separates the leading organizations? Mike Harris is Executive Vice President, Research & Advisory, at Gartner. “Here’s the thing about your transform journey — your people are feeling transformation fatigue,” said Mary Mesaglio , Distinguished VP Analyst, at Gartner … Gartner’s new report, “Increase Sales Productivity with Digital Adoption Solutions,” introduced the Digital Adoption Solution (DAS).This is a new category of technology aimed at streamlining digital … COVID-19 is putting citizen twins on the fast track, the composable enterprise is the key to digital transformation, and AI is everywhere. He … Technology and service provider (TSP) organisations that don’t make collaboration a priority for their product managers may be jeopardising product success. ... executives report a 79 percent success rate—three times the average for all transformations. By continuing to use this site, or closing this box, you consent to our use of cookies. A successful product launch can help drive profits, improve efficiencies and lead to never-before-seen insights that can drive dramatic transformations. Helen Huntley | Distinguished VP Analyst. Gartner Research Chief Mike Harris (01:33) shares what sets the digital leaders apart. “It’s not my job.” Some boards of directors treat digital transformation as a management issue and … The digital transformation market is expected to grow at a CAGR (compound annual growth rate) of 22.7 percent from 2019 to $3,294 billion by 2025. Mr. Harris leads the global Research & Advisory team comprised of more than 2,000 experts who equip business leaders with indispensable insights, advice and tools to achieve their mission-critical priorities today and build the successful organizations of tomorrow. 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