How leadership can meet the changing demands of the digital world?

Everyone wanted to be as admired and respected for the back end of their business as for the front end. Digital maturity matters. It matters for every industry. But how can you develop your own digital maturity?

1.     Transformative Vision

2.     Digital Governance

3.     Employee / Customer Engagement and

4.     IT – Business Relationship to become a more unified company.

Companies with stronger digital intensity derive more revenue from their physical assets

Margin Companies with stronger transformation management intensity are more profitable

Companies with stronger transformation management intensity achieve higher market valuations

Digital intensity helps companies to gain and manage more volume with existing physical capacity

Companies that are mature in transformation management intensity are more profitable

Conducting Your Own Digital Transformation;

Conducting your digital transformation requires taking action in four key areas: framing, investing, engaging, and sustaining.

1. Frame the digital challenge
   1. CEOs first need to ensure that their senior leaders have a common vision of how to proceed.
2. Focus Investment
   1. To make the digital vision a reality, executives must ensure their organizations invest in the right areas.
3. Engage the organization at scale
   1. Putting the organization in motion early is essential
4. Sustain the transformation
   1. Executives must focus on building and sustaining momentum for change. Quantify and monitor progress toward the digital ambition through KPIs or digital scorecards.

Myths and Realities of Digital Transformation

Myth                                                            

1. Digital is primarily about the customer experience
2. Digital primarily matters only to technology or B2C companies
3. Let a thousand flowers bloom; bottom-up activity is the right way to change
4. If we do enough digital initiatives, we will get there
5. Digital transformation will happen despite our IT
6. Digital transformation approach is different for every industry and company
7. In our industry we can wait and see how digital develops

Reality

1. Huge opportunities exist also in efficiency, productivity and employee leverage
2. Opportunities exist in all industries with no exceptions
3. Digital transformation must be led from the top
4. Transformation management intensity is important for driving overall Performance
5. Business/IT relationships are key, and in many companies they must be improved
6. Digital Leaders exhibit a common DNA
7. There are digital leaders outperforming their peers in every industry today 

AI mind or virtualisation of systems and processes.