Digital transformation can be defined as a process whereby an organization shifts their business models, processes, and organizational culture with digital technologies to adapt to changing customer behaviors.
A digital transformation strategy aims to create the agile capabilities of fully leveraging the possibilities and opportunities of new technologies and their impact faster, better and in more innovative way in the future.
However, a recent leadership study on digital transformation by Dell unveils most organizations are unprepared:
- 45% fear becoming obsolete in 3–5 years
- 48% are unaware of what their industry will look like in 3 years
- only 5% are classified as Digital Leaders
Transformational journeys require acurate assessments, learning, growth, and monitoring of:
- People and Culture;
- Capacity and Capabilities;
- Innovation; and
- Technology.
Copyright © 2018 by Faisal Hoque. All rights reserved.
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I am an entrepreneur and author. Founder of SHADOKA and other companies. Shadoka enables entrepreneurship, growth, and social impact. Author of “Everything Connects — How to Transform and Lead in the Age of Creativity, Innovation and Sustainability” (McGraw Hill) and “Survive to Thrive: 27 Practices of Resilient Entrepreneurs, Innovators, and Leaders” (Motivational Press). Follow me on Twitter @ Faisal Hoque. Use the Everything Connects leadership app and Suvvive to Thrive resiliancy app for free.