BCG creates BCG X as new hybrid of consulting and tech build & design capabilities

BCG creates BCG X as new hybrid of consulting and tech build & design capabilities

- 94% of Companies Want to Achieve Substantial and Rapid Impact via Digital Transformation

- But 70% of Digital Transformations Fail to Achieve Objectives, Often with Profoundly Damaging Consequences

- BCG X, BCG’s Tech Build & Design Unit, Brings Together Unique Breadth and Depth of Talent to Help Leaders Enable Tech Innovation at Scale and Deliver on Complex E2E Digital Transformations

Dubai, UAE — New research published today from Boston Consulting Group (BCG) shows that while 94% of companies have big aspirations to deliver substantial and rapid impact from digital transformation, and companies plan to increase investment in digital transformation in spite of global economic headwinds, the majority of these digital transformations fail to achieve their objectives.

Titled “Mind the Tech Gap,” the study is based on a survey of nearly 2,700 executives driving digital transformations in companies across 13 countries and a wide range of industries. Despite a tightening global economy, the survey also finds that 60% of companies plan to increase their spending on digital transformation in 2023 vs. 2022, with business model transformation and sustainability as the top two areas for future investments.

“Many CEOs I speak with are grappling with the challenge of delivering their business strategy through major digital transformations.