This document discusses digital transformation and common failures. It defines digitization, digitalization, and what truly constitutes a digital transformation. A digital transformation requires changes across customer experience, business models, processes and innovation, technology enablement, leadership and capabilities, and culture. The document outlines some common causes of failure such as a lack of clear strategy and vision, unwillingness to change mindsets, poor strategy execution, prioritizing strategy over culture, unclear leadership ownership, lack of collaboration and communication, and not putting people and empathy first. It emphasizes that digital transformation is a journey that requires embracing failure.