It’s no secret that digital technology has transformed the business landscape in ways few could have anticipated even five short years ago. What’s new is that the technologies and solutions that once seemed far-fetched are rapidly becoming table stakes in most industries.
Data, analytics and connectivity are reshaping every sector of the global economy. Even the most traditional companies are finding ways to transform their competitiveness by reinventing back-office processes, speeding up supply chains and reimagining service offerings. Companies that can increase their digital fluency and create value throughout the enterprise are more likely to capture mind space and presence in the markets they operate and beyond. And because so many digital offerings and business models also create network effects that amplify the advantages of scale, it is especially critical not to be left behind in the digital race.