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Is Your C-Suite Ready to Lead A Digital Transformation?

Did you know that 77% of CEOs reported that the pandemic sped up their companies’ digital transformation plans?

We’ve seen two years’ worth of digital transformation in two months,” Microsoft CEO Satya Nadella noted in the early days of the crisis.

In the past, digitization projects have had low success rates. Many companies rushed to increase headcount and budget; hiring teams of talented engineers, data scientists, and cybersecurity experts. But to truly succeed, the transformation needs to happen at the very top- with the individuals who set strategy and allocate resources.

Due to the pandemic, job changes have created a skills gap in leadership pipelines of many companies, requiring significant changes in talent strategy. As a business owner you must ask yourself:

  1. Does the C-Suite have a clear understanding of what digital transformation entails?
  2. Is there a clear vision and strategy for the digital transformation?
  3. Are there adequate resources (budget, talent, technology) allocated to the digital transformation?
  4. Is there a culture of innovation and experimentation within the C-Suite?
  5. Are the C-Suite leaders open to new ideas and approaches?
  6. Do they have the ability to communicate the benefits of digital transformation to the rest of the organization?
  7. Is there a plan in place for training and upskilling employees to support the digital transformation?
  8. Are there metrics in place to measure the success of the digital transformation?
  9. Have the risks associated with the digital transformation been identified and addressed?
  10. Is there a plan in place for ongoing evaluation and adjustment of the digital transformation strategy?

If you need information regarding digitization, give us a call so we can assist you.