Skip to content
Search AI Powered

Latest Stories

Ethics, culture are key to choosing a tech vendor

Cultural “misalignment” with technology partners is among the top reasons digital transformation projects fail, survey shows.

Tech survey shows ethics, culture vital to digital transformation

The secret to successful digital transformation projects? Finding a technology vendor that shares your company’s cultural values, according to a recent study from enterprise software firm IFS.

The Swedish global software firm surveyed more than 3,000 executives in Europe, the United States, and Australia across a range of industries to determine their top priorities as they seek to implement new technologies and digitize business processes. Researchers found that cultural misalignment and poor advice from vendors are among the main reasons that digital transformation projects fail and that a company’s ethics rank higher than innovation when it comes to choosing a technology partner. Key findings include: 


  • Ethics (29%) ranked higher than innovation (27 percent) among desired vendor traits.

  • Poor vendor advice is the main reason digital transformation projects fail (37%).

  • Industry expertise (32%) and long-term solutions (30%) are the most important traits when evaluating vendors.

“The fact that a non-tangible such as ethics is ranked among the top three vendor traits is inextricably linked to the fact that poor advice from vendors was rated as the top reason for failure,” IFS Chief Customer Officer Michael Ouissi said in a statement announcing the findings. “Companies investing in technology should expect their vendors to adhere to sound sales and marketing practices based squarely in actual customer value.” 

Other survey results include: 

  • Successful digital transformation projects primarily hinge on finding the right technological fit (44%) and establishing clear objectives (50%). 

  • The top-three vendor trust factors are: on-time delivery (44%), support before, during, and after project completion (41%), and delivering projects faster (35%).

Recent

More Stories

Just 29% of supply chain organizations are prepared to meet future readiness demands

Just 29% of supply chain organizations are prepared to meet future readiness demands

Just 29% of supply chain organizations have the competitive characteristics they’ll need for future readiness, according to a Gartner survey released Tuesday. The survey focused on how organizations are preparing for future challenges and to keep their supply chains competitive.

Gartner surveyed 579 supply chain practitioners to determine the capabilities needed to manage the “future drivers of influence” on supply chains, which include artificial intelligence (AI) achievement and the ability to navigate new trade policies. According to the survey, the five competitive characteristics are: agility, resilience, regionalization, integrated ecosystems, and integrated enterprise strategy.

Keep ReadingShow less

Featured

screen shot of returns apps on different devices

Optoro: 69% of shoppers admit to “wardrobing” fraud

With returns now a routine part of the shopping journey, technology provider Optoro says a recent survey has identified four trends influencing shopper preferences and retailer priorities.

First, 54% of retailers are looking for ways to increase their financial recovery from returns. That’s because the cost to return a purchase averages 27% of the purchase price, which erases as much as 50% of the sales margin. But consumers have their own interests in mind: 76% of shoppers admit they’ve embellished or exaggerated the return reason to avoid a fee, a 39% increase from 2023 to 204.

Keep ReadingShow less
robots carry goods through a warehouse

Fortna: rethink your distribution strategy for 2025

Facing an evolving supply chain landscape in 2025, companies are being forced to rethink their distribution strategies to cope with challenges like rising cost pressures, persistent labor shortages, and the complexities of managing SKU proliferation.

But according to the systems integrator Fortna, businesses can remain competitive if they focus on five core areas:

Keep ReadingShow less
shopper uses smartphone in retail store

EY lists five ways to fortify omnichannel retail

In the fallout from the pandemic, the term “omnichannel” seems both out of date and yet more vital than ever, according to a study from consulting firm EY.

That clash has come as retailers have been hustling to adjust to pandemic swings like a renewed focus on e-commerce, then swiftly reimagining store experiences as foot traffic returned. But even as the dust settles from those changes, retailers are now facing renewed questions about how best to define their omnichannel strategy in a world where customers have increasing power and information.

Keep ReadingShow less
artistic image of a building roof

BCG: tariffs would accelerate change in global trade flows

Geopolitical rivalries, alliances, and aspirations are rewiring the global economy—and the imposition of new tariffs on foreign imports by the U.S. will accelerate that process, according to an analysis by Boston Consulting Group (BCG).

Without a broad increase in tariffs, world trade in goods will keep growing at an average of 2.9% annually for the next eight years, the firm forecasts in its report, “Great Powers, Geopolitics, and the Future of Trade.” But the routes goods travel will change markedly as North America reduces its dependence on China and China builds up its links with the Global South, which is cementing its power in the global trade map.

Keep ReadingShow less