Digital transformation is a top strategic priority for many firms, but success has been elusive. According to a study by McKinsey, less than one-third of companies that have invested in digital transformation have improved their performance.
Part of the problem may be the data itself. Accurate financial data is the key to successful digital transformation, and the McKinsey research suggests many companies are lacking in that area. Only 38% of the 1,100 C-level executives and finance professionals surveyed said they trusted the accuracy of their company’s financial data. A surprising 69% said they thought significant business decisions had been made on inaccurate financial data.
Find out more about the survey and what is needed for successful digital transformation.