Big Data

Driving effective digitalization strategies starts at the top

July 1, 2024
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From the top down -- Siemens explores the vital importance of leadership in guiding a company towards success.

Companies across every industry sector are embracing digital transformation processes and practices to drive growth, reduce risks, and gain an edge over their competition. However, the success rate is less than stellar. While many executives see digital transformation as their company’s most critical growth driver, industry stats suggest that 70% of digital transformation projects fail.

Siemens wanted to understand this disconnect between the drive for digitalization and success. Our findings suggest that without a clear vision and consistent leadership from the top down, digitalization projects will either not deliver their full promised potential or they will fail outright.

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Siemens is a technology company focused on industry, infrastructure, transport, and healthcare. From more resource-efficient factories, resilient supply chains, and smarter buildings and grids, to cleaner and more comfortable transportation as well as advanced healthcare, the company creates technology with purpose adding real value for customers. By combining the real and the digital worlds, Siemens empowers its customers to transform their industries and markets, helping them to transform the everyday for billions of people.

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