Why 65% of Digital Transformations Fail—and How to Fix it
About 90% of companies are undergoing some form of digital transformation, however a 2021 study finds that only 35% of companies worldwide succeeded in achieving their digital transformation goals (BCG, 2021). Further, only 5% of companies can manage the process. This alarming rate explains why 77% of companies are leveraging the use of AI within their business.
Globally, 63% of organizations intend to adopt AI over the following years *131 AI Statistics and Trends for (2024) | National University. The biggest reason behind this is cost savings.
Companies are replacing manual or outdated processes with technology-driven and AI-Powered systems such as bloon to save costs. As adoption rates soar, top companies are using AI to stay ahead of the competition and boost their business growth.
This is not just a trend, companies are seeing massive productivity and profitability leaps from digital transformation. For instance, the research by KPMG found that 27% of businesses see better performance or more profits from using cloud services and as-a-service tools and 26% of businesses achieve that boost in performance or profits by investing in AI and automation (KPMG, 2023).
Late adopter of AI and no-code tools run a higher risk due to an increasing pressure to
- meet the evolving markets
- shifting customer need
- demand for speed
- improved productivity of competitors
- Finding adequately skilled and affordable tech employees
Speaking of the skills gap, just 38% of organizations claim that the lack of digital skills is limits the success of their transformation efforts (HBR, 2017). Also, 36% of management fear that their teams lack the skills required to drive digital transformation (KPMG, 2023). The right technical skills is a bottleneck to attaining the organizational transformation goals and only a third of these organizations can easily develope the skills required for launching and rapid prototyping of digital solutions (McKinsey & Company, 2018).
HBR finds that 36% of organizations stuggle to migrate from outdated systems and business processes (HBR, 2017). So how can businesses speed up their digital transformation given these setbacks? Today companies are leveraging AI and nocode tools and solutions to
- Cut costs of development
- Save time on deveopment and speed up prototype development
- Reduce the need for scarce IT skills
- Build and launch faster
- Improve productivity of their tech talents.
One of such solutions is bloon.cloud, which give users a platform to develop ERP integrated applications that can be created in a few minutes rather than a few months. With just 6 easy steps you create and launch a fully ERP integrated application without writing a single line of code.
More of bloon
Building Better Software – The “Lego” Approach with the bloon Platform
Software development has long been compared to assembling Lego bricks. It’s a vivid metaphor: imagine snapping prefabricated blocks together to create useful, dynamic applications. Instead of writing reams of custom code for every new project, developers can reuse “software modules” and build faster with higher quality. Yet in practice, many experts have claimed this Lego…
Accelerating Business Innovation: The Strategic Power of Low-Code
The business landscape is evolving at an unprecedented pace. As organizations face mounting pressure to digitalize operations and respond swiftly to market changes, low-code/no-code (LCNC) platforms have emerged as a transformative force in application development. These platforms are revolutionizing how businesses approach innovation, offering a pathway to faster, better, and more cost-effective solutions.
If Programming Languages Were Coffee Orders: A Developer’s Guide to Low Code
Ever noticed how ordering coffee has become as complex as choosing a programming language? Let’s explore what your development approach says about your coffee preferences—and why bloon might be the barista you’ve been dreaming of.