156. Why most digital transformations fail

According to McKinsey, 70% of digital transformations fail to meet their goals. And yet, these multi-million dollar projects remain a priority for every major CEO.  In this episode, you'll learn from Matthew Domo about why these projects fail and what to focus on to make them succeed. (Clue: it's not the tech). Matt is one of the founders of Amazon Web Services and a pioneer in the cloud computing space. He has created nine cutting-edge cloud products and seven e-commerce website solutions, generating significant revenue streams for Amazon, Microsoft, and Rackspace.  Matt was recognized by USA Today as one of theTop 9 Most Exciting Entrepreneurs of 2021. Today, Matt is CEO of FifthVantage, a digital transformation consultancy. In this episode you will learn: Why digital transformations fail and what to focus on to make them succeed What cloud computing is and why it's important How cloud computing was invented at Amazon  ----- Come to Sophia Matveeva's next FREE class: Power in the Digital Age, 28 June 2023 You will learn How tech changed power dynamics in business What it takes to become & stay powerful in the Digital Age Examples of how people have used these dynamics to succeed   What one key step to take towards a powerful career   We love hearing from our readers and listeners. So if you have questions about the content or working with us, just get in touch on [email protected]   Say hi to Sophia on Twitter and follow her on LinkedIn. Following us on YouTube, Facebook, Instagram and TikTok will make you smarter.