The Real Meaning of Digital Transformation: Increased Agility

By Dick Wooden on May 1, 2018 at 7:00 AM

Don’t be limited by technology

Companies don’t have to be high-tech to use the best technologies to drive better productivity, efficiency, and customer satisfaction but it is imperative to keep in mind that digital transformation is not a one-time event or project, it’s a commitment to a perpetual transformation.

Don’t be fooled by some of the digital transformation buzz out there, digital transformation is a business discipline or company philosophy, not a project. And companies that want long-term success need to maintain focus on becoming more agile so you are ready to take on anything that the future can throw at you.

Key Findings:

90% of CEOs believe that enterprise-wide digital transformation is the goal of their digital strategy, but less than 15% of early maturity digital enterprises have a clearly defined digital strategy. (MIT Sloan Review)
68% of companies identify agility as one of their most important initiatives. (Forbes)
71% of businesses saw a faster response to changing market conditions as the main benefit of organizational agility. (Altexsoft)

Digital transformation has taken over the strategic initiative conversation within organizations. According to the Economist Intelligence Unit (EIU), 77% of businesses state that digital transformation is their first strategic priority.

Learn why digital transformation is not a one-time event or project, and how companies can support this ongoing initiative to facilitate innovation...

Companies that have embraced digital transformation are 26% more profitable than their average industry competitors and enjoy a 12% higher market valuation. (MIT Center for Digital Business)

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