Arnold Palmer famously said: “The road to success is always under construction.” Digital Transformation is one of those roads. Always filled with disruptions, unplanned pot holes and construction sites. We better get to used to it because a new report communicates the reality of of the digital revolution:
“Businesses that aren’t keeping up with digital transformation efforts don’t expect to survive for longer than four years, a new global study has shown.
According to the Couchbase report, businesses expect to either be ‘absorbed’ or go out of business if they don’t keep up. Four in five (80 per cent) already believe digital transformation is leaving them behind.”
Continue to take the long road of Digital Transformation with us, join our next webinar “How to get started, and continue learning with us.
“All you need is the plan, the road map, and the courage to press on to your destination.” – Earl Nightingale
Here are the most important stories of the week:
Stop using the excuse “Organizational Change is Hard” “Every time we feel the impulse to say “change is hard,” we could make a different claim that is every bit as accurate: Adaptation is the rule of human existence, not the exception.”
The Power of Self-Service Data Analytics in Financial Services. “Banks and credit unions must move beyond using customer data for development of great reports, to the use of data for great customer experiences. Providing departmental access to data allows for better insights, faster processing and improved targeted activities.”
Warning: Click-Bait Headline: Google spent 2 years studying 180 teams. The most successful ones shared these 5 traits. – Dependability, Structure and Clarity, Meaning, Impact and Psychological Safety.
Culture for a digital age. “Cultural changes within corporate institutions will always be slower and more complex than the technological changes that necessitate them. That makes it even more critical for executives to take a proactive stance on culture. Leaders won’t achieve the speed and agility they need unless they build organizational cultures that perform well across functions and business units, embrace risk, and focus obsessively on customers.”
Distracted from life. “Self-created distraction promotes forgetfulness and mistakes. You have difficulty focusing on what you’re doing when your mind is somewhere else, which leads to carelessness.
Perhaps worst of all, being distracted by our mind can lead us to miss large portions of our own life. We can’t live our life fully when our mind is somewhere else.”