In the era of digital everything, is Lean still relevant?

NO ONE WOULD argue that digital technologies are taking the world by storm. Spending on these technologies and services worldwide was US$1.85 trillion in 2022 — a 185 percent increase over the last five years. Undoubtedly, digital tools have shifted the paradigm from traditional working methods to much faster, more efficient, high-quality operating models impacting firms’ bottom-line and value-creation opportunities. And yet, more than 70 percent of digital transformations are failing. What is the recipe for a successful digital transformation?