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6 tips to plan a digital transformation budget

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Digital transformation projects can require significant investment in time and money before businesses realize cost savings, revenue growth or productivity improvements. Companies need to plan carefully and present convincing data to secure the necessary funding. But it’s also important to recognize that formulating a digital transformation budget depends on different business processes than traditional IT and business budget planning. Read More

Navigating A Digital Transformation: Lessons From The Trenches

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I’ve dedicated much of my life to digitally transforming businesses, dragging them, sometimes kicking and screaming. Throughout this time, I tried to understand why so many transformations fail or don’t achieve their objectives. At first, I thought I was missing some critical facts or wasn’t seeing the complete picture. Why would so many high-level executives pour so much money into long-term initiatives to modernize their organizations with such poor returns on investment? Read More

Using “Digital Academies” to Close the Skills Gap

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Today, the problem most companies face in executing their digital transformation is not access to technologies but a shortage of workers with digital and data science skills. The demand is growing faster than the supply. In other words, recruitment can only get your company so far. To get the rest of the way, companies need to commit to training and upskilling, giving employees opportunities to learn about technologies — and room to experiment (and fail) with them. Read More

Balancing Profit and Purpose with Your Digital Transformation

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A recent debate in a controversial industry — gambling — illustrates a common dilemma faced by many companies: An incumbent faces a wave of digital disruptors who operate in a legal gray zone offering pure online gambling products like live betting and casino games. In 2021, liberalization of the online gambling market brought new competitors into the market. How could a company with legacy and regulation compete? Read More