The strategies that once propelled organizational success are no longer effective, prompting a shift toward digital transformation. Directors and executives clearly understand the risks associated with not adapting digitally, as it exposes them to the possibility of being outpaced by competitors or overtaken by more efficient startups. As organizations embark on this transformative journey, the interplay between people, technology and strategy becomes the focal point, with governance emerging as the compass that charts the course toward sustained growth and competitiveness.

The article dissects the challenges organizations face in the ever-evolving digital landscape and explains the shortcomings of current governance practices that impede successful digital transformation.