Some examples of digital transformation are easy to spot and identify. We all know about how Uber is changing transportation, AirBnb upending hospitality, GE betting big on IoT, and IBM leveraging Watson in new AI challenges. If you work for a B2C company or already put out customer facing experiences, then it might be easier to identify new digital opportunities.
Recent news has made me question why some organizations and CIO struggle to define their digital strategy and get started with a transformation program. In one study, 52 percent of companies reported that the CIOs and CTOs were responsible for creating the organization’s digital vision, but that they faced roadblocks. In another study, only 40 percent of financial service executives were concerned that their firm and their industry was at risk of major disruption. I read notes on a third study sighting top challenges companies face in corporate innovation.