Digital transformation delays cost businesses millions

Digital transformation is still seen as a priority by many enterprises, but research for low-code application development platform, Toca, reveals the extent of the challenges faced by IT teams in delivering these projects. Budget constraints, a lack of collaboration across the wider business, legacy systems, a shortage of developers and integration challenges are seen as the top five barriers to transformation initiatives. In consequence 88 percent of IT decision makers are facing costly project delays with the average digitization delay lasting five months at a cost of £20,200 ($21,569) a day, totaling £3,070,400 ($3,278,500). 'Organizations are focusing attention on digital… [Continue Reading]