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Why Digital Transformations Fail — And What To Do Instead

Written By

ExO Works

1 min read

Digital transformation is crucial to a company's success, but of course, there's a right way to do it and a wrong way to do it.

The Fourth Industrial Revolution is here—it’s young and it’s highly disruptive. However, it’s also the opportunity of a lifetime if you know exactly how to play it to your advantage. Our Vice-Chair Tony Saldanha recently shared with Young Upstarts his recipe for success. Tony’s five stage digital transformation model provides a roadmap for companies to determine exactly where they are in the journey and how to be successful at hitting the end goal. Here’s an excerpt:
We’re in the fourth industrial revolution now — and it’s wrought plenty of casualties. Consider the retail apocalypse: countless iconic chains are facing bankruptcy or simply going under, including Sears, Mattress Factory, Brookstone, Rockport, Nine West, Toys “R” Us, and more. Investopedia called 2018 the year of retail bankruptcies, but digital disruption is happening in every industry. And the reality is that no matter what field, companies will either adapt or perish.
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