A digital revolution is currently taking place transforming the world we live in. Over the next few years, many organizations will need to go through welcome change programs or completely reinvent themselves to remain relevant and competitive. Many organizations do not fully understand the potential risks and are not demonstrating a sense of urgency.
The most important step organizations should take now is to start the journey, rather than sit on the sidelines. They need to begin their journey with the right foundational elements in place—a sound digitalization strategy, a well-understood governance structure that includes bringing the right people to focus on and execute the strategy, and a commitment to achieving early digitalization wins with internal initiatives.