Rewired 5 Flashcards
What is the nature of digital transformation according to business leaders?
It is an ongoing process that will continue throughout their careers.
What has driven the pervasive change of digital in our lives over the past decade?
The confluence of new technologies, new architectural paradigms, and new ways of building software.
What are examples of new technologies mentioned in the text?
- Cloud
- AI
- Generative AI
- Edge computing
- Quantum computing
Why is the term ‘transformation’ considered misleading?
It implies a one-time program with an end.
What percentage of companies have launched a form of digital transformation according to the survey?
89%
What percentage of the expected revenue lift did companies actually capture from digital transformations?
31%
What percentage of total expected cost savings was realized by companies during digital transformations?
25%
True or False: Implementing a system or technology guarantees completion of digital transformation.
False
What is necessary for effective digital and AI transformations beyond technology?
Developing new organizational capabilities.
What is emphasized as crucial for creating great customer and employee experiences?
Hundreds of technology-driven solutions working together.
Fill in the blank: Digital transformation is a journey to continuously increase _______.
[competitiveness]
What must companies do to manage and evolve technology-driven solutions?
Rewire how they operate.
What must organizations ensure among their employees for successful transformation?
Collaboration and new ways of working.
What does developing accelerated learning loops help organizations to do?
Harness skills and help employees grow.
