Companies too need to adopt a digital mindset
A digital mindset empowers teams to view transformation not as something to achieve and then forget, but as a constant process of mastery and adaptation for an uncertain digital future.
Add BT as a preferred source
PEOPLE talk a lot about digital transformation, but they rarely understand what it is or how to achieve it.
A survey of senior executives found that 70 per cent of all digital transformation projects do not reach their goals. Of the US$1.3 trillion that was spent on digital transformation last year, it was estimated that US$900 billion went to waste.
That is because some leaders tend to only focus on the “digital” part, while not giving adequate attention to what underpins a successful digital transformation: a digital mindset.
TRENDING NOW
Malaysian tycoon Vincent Tan’s sell-downs point to pruning rather than an exit plan
As luxury retail goes big, can Singapore’s Orchard Road keep up?
Singapore banks may need to address indirect exposure to captive coal in their financing policies
What’s wrong with Orchard Road? Experts weigh in on the street’s cachet and its future
