Chasing Digital

Part IIIAccelerating change

In this final part of the book, we provide you with solutions to accelerate change. We focus on three areas that as an agent of change and a senior leader within your business, you have the power to control and influence:

• investment management
• technology risk management
• your board and directors.

These three key areas can significantly affect the rate of your digital transformation. We have observed that these change-making areas are too often discussed as an afterthought, if at all, among executives pursuing a digital agenda. Given their critical importance to digital transformation, we deemed it necessary to spend some time exploring how these areas impact on the strategy, culture and enablers we have already covered.

Chapter 7 will examine the correlation between digital innovation, growth and investment. We will explain how accepted ROI calculations and traditional business case scenarios need to adapt for emerging technology. We will also walk through the challenges you are likely to face in securing funds to help accelerate your digital strategy, and we will provide two approaches to investment conversations that focus on longevity as well as growth.

Investments and growth strategies have inherent risk, for which you, as a leader, are accountable. For pre-digital incumbents, the likelihood and severity of technology-based risks is increasing as people move their business and social interactions online, and data is exchanged between companies. ...