Cope with digitalisation through minimum viable transformation

GETTING the best results from transforming your business to cope with digitalisation is not to aim for the Big Bang approach.

Rather, by moving in bite sizes - such as through the idea of "minimum viable transformation" - companies will be able to adapt their business models around their shifting landscape and conditions more rapidly and efficiently, according to professional services firm Deloitte.

"Minimum viable transformations are essentially light and readily-available versions of new business models," said Mohit Mehrotra, Southeast Asia strategy consulting leader at Monitor Deloitte.