Extra-condensed knowledge

This is a Gallup gold knowledge article that provides an in-depth analysis of digital transformation and proposes 8 key steps to increase the odds of a successful digital transformation.

CONTEXT

g-f(2)151 The Big Picture of the Digital Transformation, 3/1/2021, geniouxfacts, How To Succeed At Business Digital Transformation.
g-f(2)156 The Big Picture of the Digital Transformation, 3/5/2021, MIT SMR, Digital savviness is the key ingredient in the success of corporate digital transformation.
g-f(2)158 The Big Picture of the Digital Transformation, 3/7/2021, CNBC, A key to revenue growth in Big Tech era is missing at most companies.
g-f(2)157 The Big Picture of the Digital Transformation, 3/6/2021, AP, Only 7% of larger companies have digitally savvy executive teams, and these teams deliver higher revenue growth and net margins.
g-f(2)167 THE BIG PICTURE OF THE DIGITAL TRANSFORMATION, 3/13/2021, HBR, Is Your C-Suite Equipped to Lead a Digital Transformation?

Digital transformation is probably the most substantial investment modern organizations are making.

Multiple sources put global investments at several trillion dollars in upcoming years, and they expect that number to keep growing.
According to BCG, 70% of digital transformation initiatives fall short of their objectives.

Genioux knowledge fact condensed as an image

Condensed knowledge

CONTEXT

Digital transformation is probably the most substantial investment modern organizations are making.

Multiple sources put global investments at several trillion dollars in upcoming years, and they expect that number to keep growing.

According to BCG, 70% of digital transformation initiatives fall short of their objectives.
Often, their failure is a direct consequence of poor change management.
Only 17% of workers in the U.S. strongly agree that their company readily implements new technologies that help them be more productive.
Gallup's Real Future of Work study finds on average only 22.5% of employees in Spain, France, Germany and the U.K. strongly agree their company upskills them to make effective use of new digital technologies.
Without employee advocacy, the digital battle is lost upfront.
Leaders can increase the odds of a successful digital transformation with eight strategic steps.

Evaluate gaps and define new horizons.
Build a measurable case.
Sponsor the vision.
Frame a change management approach.
Embrace agile experimentation.
Pilot use cases.
Monitor impact and alignment.
Chart a scaling road map.

Leaders with a systematic approach to take advantage of new opportunities will win the battle of the future -- and see the investment pay off.

Category 2: The Big Picture of the Digital Age

[genioux fact deduced or extracted from Gallup]

Type of essential knowledge of this “genioux fact”: Essential Analyzed Knowledge (EAK).

Type of validity of the "genioux fact".

Inherited from sources + Supported by the knowledge of one or more experts.

Authors of the genioux fact

Fernando Machuca

References

Championing Digital Transformation: Start With 8 Steps, Gerard Taboada, April 2, 2021, Gallup.

ABOUT THE AUTHORS

Extracted from LinkedIn

Gerard Taboada Seguí

Consulting Associate and EMEA Innovation Lead at Gallup | Organisational Agility

About

People describe me as a curious intrapreneur. I love to disrupt convention and solve complex problems.

As a former semiprofessional athlete and amateur racing driver, sports have taught me that persistence and teamwork can take us further than we would have ever imagined.