Cristian Citu, Digital Transformation Lead, World Economic Forum
How You Know It's Time to Digitally Transform Your Business
With all the talk about digital transformation, how do you know your business is ready for change? Today’s reality is that if you’re waiting for the right time, you’re already falling behind. Technology is changing the world. You need to embrace changes that can strengthen your business, because your competition is already doing so. For many businesses, the big question is not if or when, but where, to start.
“It is naive to assume that your organization can continue to thrive without constantly reacting to the complex changes high-speed digital technologies bring about.”
Unless you’re a relatively new and successful technology company or a start-up, chances are you will feel pressure to design and execute a holistic digital-transformation agenda. This is likely to be an ongoing initiative, even though the first few years will require the most aggressive actions (at least until the next digital tsunami hits, potentially triggered by quantum computing, for example). Massive venture capital is invested in every industry with the single purpose of creating disruption, so it is naive to assume that your organization can continue to thrive without constantly reacting to the complex changes high-speed digital technologies bring about.
This is an excerpt from The Essential Guide To Understanding Digital Transformation. The eBook was generously sponsored by Iron Mountain.
