Digital Transformation: Closing the Gap Between Now and the Future

#FutureOfIT

Glen HiemstraFounder and Owner at

Futurist.com

Future Of IT Podcast Featuring:

Michael WadeProfessor of Innovation

and Strategic Information

Management at IMD

#FutureOfIT

“Many executives feel like they have a good jigsaw puzzle that they have to

finish, and they have a bunch of pieces but they don’t know if they have all the pieces, and they don’t

know what the finished picture looks like.”

 

- Michael Wade, Professor of Innovation and Strategic Information Management

at IMD

#FutureOfIT

“They can see some of the pieces and they can see some of it fits, but not all

of it. So there's a real tension in terms of trying to get from where they

are now to where they want to go.”

 

- Glen Hiemstra, Founder and Owner at Futurist.com

#FutureOfIT

“There is no clear roadmap that exists today about what to do first, what to do second, what are the accelerators,

what are the barriers, and so forth...”- Michael Wade, Professor of Innovation

and Strategic Information Management at IMD

#FutureOfIT

Organizations need to ask themselves three fundamental questions when

they are considering a digital business

transformation:• Why they need to transform?• What they need to transform?• How they can transform?- Michael Wade, Professor of Innovation

and Strategic Information Management at IMD

#FutureOfIT

“Adopting a longer-term perspective is a critical step. You have to look beyond the

year 2020 now and ask ‘what is this industry like?’ It’s more than asking ‘what it’s going to look like’, but ‘what should it

look like?’ It’s not something that we necessarily do very much because most

organizations are so focused on operations and literally survival as we’re getting

through quarter to quarter.”-Glen Hiemstra, Founder and Owner at Futurist.com

#FutureOfIT

“Many organizations are sandboxing or ring fencing their digital side and not really making the tough choices

and decisions to transform their legacy existing organizations.”- Michael Wade, Professor of Innovation

and Strategic Information Management at IMD

#FutureOfIT

“Do something in the organization to take a long-term view, and that might be an exercise, it might be a retreat, there are all kinds of things that you

can do to take a longer-term view than you usually do.”- Glen Hiemstra, Founder and Owner

at Futurist.com

#FutureOfIT

I think to successfully navigate digital transformation and protect against digital disruption, all organizations

need to develop three core capabilities:

• Hyperawareness• Informed decision-making

• Fast execution- Michael Wade, Professor of Innovation and Strategic Information Management

at IMD#FutureOfIT

“If an organization can develop those three core capabilities they have a

fighting chance to survive in a much more disruptive digital world.”

 -- Michael Wade, Professor of Innovation and Strategic Information Management at IMD

#FutureOfIT

#FutureOfIT

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