Despite global spend on digital adoption expected to reach US $ 2.4tn in 2024 , 84 % of digital transformation projects still continue to fail . According to the IDC this can be attributed to 47 % of organisations lacking the digital skills to be successful in their efforts . In spite of this , 60 % of business leaders believe digital transformation will be a critical growth driver , with those that do priorities digital transformation reporting to be 26 % more profitable .
As such , “ digital transformation is strongly anchored in procurement departments ’ agendas ,” says PwC , with 51 % of CPOs ranking digital transformation among their top three priorities . In this Top 10 , we take a look at some of the technologies that are demystifying the procurement industry . procurementmag . com 29