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Digital transformation can be considered as a series of sum of small yet disruptive changes that are meant to re-define the way an organization functions for the better. This can mean refining traditional processes by introducing technology that supports them; or instituting new work policies that require employees to function a certain way.

The global healthcare industry has never been one to actively pursue digital transformation. But the COVID-19 pandemic changed all that. According to the HIPAA Journal, the year 2021 witnessed more data breaches than previous years. Between the years 2009 to 2021, healthcare data breaches have resulted in the loss or exposure of over 314,063,186 medical records.

70% of all digital transformation projects end in failure. This is because organizations either exceed their allotted budget, fail to properly define and meet end goals, or the company decides to cut their losses and abandon the project.

Throughout the history of digital transformation, there have always been more losses than wins, 70% to be exact. This is because many organizations reflect a lack of vision, understanding and commitment to their digital transformation process. This leads to organizations making ill-informed strategic decisions that will put them on a downward trajectory.