Companies too need to adopt a digital mindset

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.

Researchers Tsedal Neeley and Paul Leonardi proposed that a digital mindset encapsulates a set of attitudes, behaviours and literacies that enable people across an organisation to understand how data, algorithms, and artifici…

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