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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.

    • Cultivating a digital mindset is not simply the reserve of the private sector: Singapore's Housing & Development Board applies analytic skills to better plan apartment blocks.
    • Cultivating a digital mindset is not simply the reserve of the private sector: Singapore's Housing & Development Board applies analytic skills to better plan apartment blocks. PHOTO: ST FILE
    Published Fri, Dec 16, 2022 · 06:00 AM

    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.

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