Digital transformation is on the tip of many tongues in the technology industry of late; but like many potentially seismic shifts, this concept’s meaning and the impact it will have on how day-to-day business gets done are taking some time to develop. CIO defines digital transformation as “the acceleration of business activities, processes, competencies, and models to fully leverage the changes and opportunities of digital technologies and their impact in a strategic and prioritized way.” But more than just acceleration, digital transformation is about the need for businesses to outpace digital disruption and stay competitive in a rapidly evolving business environment.
At its core, digital transformation is all about disruption. Whether that disruption is beneficial or devastating depends entirely upon where you find yourself on the wave—at the crest or at the bottom of a breaker. Just ask cab drivers or hotel owners in any number of major US cities. Musicians, journalists, even doctors. All of these industries are experiencing changes that have the potential to completely up-end business models that have been
in place for decades.
The question then becomes how to ensure digital transformation is a friend, not an enemy. In this Perspectives
piece, we’ll explore some strategies for embracing digital transformation and more importantly, for making it
sustainable. To make a difference, digital transformation must be far more than a new way of thinking or a one-off
initiative. You have to make it part of your DNA.
Read this paper to learn more about:
- How to break it down;
- Think in 3D
- Why it takes a village
- Why the time is now