Irish firms waste €320,000 on failed digital transformations

"Getting the governance part of the puzzle right is key to digital thinking and capitalising on transformation," says expert

Eleanor Dempsey, director of consulting and competency, Auxilion, a specialist in digital transformation services.

Many business leaders have cited poor IT governance as the reason for failed digital transformation projects over the last year, at a €323,143 average cost.

Digital transformation services provider Auxilion surveyed 100 C-suite executives from enterprises across the Republic of Ireland. The survey, carried out in August by Censuswide, found that 72% of c-suite executives cited poor IT governance as the reason behind the failure of such projects.