SOCAR Highlights Data Challenges Behind 85% Digital Project Failure Rate

2026-06-03 07:07:44

(MENAFN- Trend News Agency) BAKU, Azerbaijan, June 3. Around 85% of digital initiatives worldwide end in failure due to insufficient coordination and data management issues, Elchin Musayev, Deputy Head of the Procurement Development and Improvement Department at SOCAR, said, Trend reports.

He made the remark during a panel discussion at the International Transport and Logistics Forum in Baku.

According to him, many organizations face the problem of low data quality, including fragmented, incomplete, and inconsistent information, which significantly reduces the effectiveness of digital transformation.

Musayev noted that data serves as the foundation for decision-making, and the implementation of digital tools and artificial intelligence technologies allows for accelerating this process. However, he stated that if an organization utilizes poor-quality data, even the most advanced digital solutions will merely produce incorrect results at a faster rate.

He emphasized that prior to deploying digital platforms and AI-based solutions, organizations need to pay special attention to data governance and the establishment of unified standards.

MENAFN03062026000187011040ID1111204981

Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.