Article by The Financial Brand about the need to address cultural change as an (maybe the most) important aspect of digital transformation in banking and financial services.
When I started as a freelance consultant I was searching for the right angle to present myself to potential clients. One of my first engagement meetings was with an IT director that I got introduced to through my network. When I introduced myself as an experienced consultant in IT, he immediately dived into the technical ins-and-outs of his datacenter. I realized that IT has a descriptive term is perceived as very technical. And I am not that technical. So, I went out looking for a better term to describe my field of expertise and ended up with the Digital Organization. The adjective Digital sounds less technical and more futuristic and,…
Corporate culture has been identified by employees as one of the biggest hurdles to becoming a digital organization, according to research by Capgemini.
Digital transformation has morphed from a trend to a central component of modern business strategy.
Digital transformation requires that companies reallocate their asset portfolio to support new, digitally enabled business models.
We live in a time of digital Darwinism: technology and its impact on business and society are constant with varying degrees of both evolution and revolution.