Gartner's research shows that only 48% of digital initiatives achieve their business targets, indicating a widespread risk of failure among such projects.
Sanchez-Reina warns that when CIOs alone bear the responsibility for digital initiatives, it leads to poor outcomes. CXOs must be accountable and involved throughout the project.
The research indicates that digital initiatives succeed 71% of the time when CIOs co-own the project with business leaders, highlighting the need for shared responsibility.
CIOs are urged to relinquish control and engage business leaders actively to break free from the stigma of random success in digital project executions.
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