Raconteur.Net's independent publication on digital transformation in 2021 highlights the importance of embracing corporate digital responsibility. The article emphasizes that despite the increasing popularity of digital transformations over the past decade, most initiatives have failed to deliver the promised benefits. The shift in consumer behavior due to digital and mobile technology has disrupted various industries, and businesses have had to adapt. However, despite all the conferences, books, studies, and expensive consultancy assignments dedicated to digital transformation, most such initiatives have been unsuccessful. The Boston Consulting Group's research indicates that 70% of digital transformations have fallen short of their objectives, which could be costly. Market intelligence firm IDC forecasts that worldwide spending on the digital transformation of business practices, products, and organizations will reach $1.3tn in 2020. Therefore, it is crucial for organizations to embrace corporate digital responsibility and successfully implement digital transformations.
