Digital transformation efforts are underway at the majority of enterprises, as businesses seek out new technology-enabled products, services, and ways to get work done to compete in a global economy. However, implementing innovation comes with a fair share of hurdles to overcome, according to a Thursday report from TIBCO.

Even with top-of-the-line technology in place, organizations often struggle with change management when it comes to their people and company culture and implementing an innovation strategy, the report noted. However, these obstacles are easy to overcome once they are addressed head-on, it added.

SEE: Digital transformation: A guide for CXOs (Tech Pro Research)

Here are the top five obstacles to innovation in the enterprise, according to the 600 executives surveyed for the report:

  1. Limited time and resources (13%)
  2. Limited or no budget…

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Credits:TechRepublic