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Introduction

In our previous report “Six Steps to Digital Transformation,” we provided an overview of the key components of a transformation initiative, divided into six stages, and listed some of the key questions that an organization needs to ask at each stage. In this follow-on report, we take an in-depth look at the first three of these six steps: setting a roadmap, benchmarking current practices and IT investments, and investing first in those areas that have greater priority for the business.

Highlights

  • The expectations of the chief information officer’s (CIO’s) role are rapidly changing from that of an enabler of efficiencies to a leader of transformation, and though the rewards for success are sweet, the path is rocky and many are unable to react quickly enough to the rapidly changing technology environment.
  • Constructing a thoroughly thought-out roadmap for transformation begins with identifying a purpose that will be the guiding principle for the transformation.

Features and Benefits

  • Helps in understanding the importance of a transformational roadmap.
  • Provides an overview of the areas that need to be benchmarked to design a roadmap.
  • Helps CIOs understand their readiness for the digital transformation journey.

Key questions answered

  • What is the importance of visionary leadership in transformation?
  • What should my business learn from the competition?
  • How do I prioritize my investments?

Table of contents

Summary

  • Catalyst
  • Ovum view
  • Key messages

Recommendations

  • Recommendations for enterprises
  • Recommendations for vendors

Defining a structured roadmap is the most critical step in the transformation process

  • Visionary and proactive leadership is the keystone to a well-crafted digital strategy
  • Establishing a well-planned strategic roadmap

Benchmarking current digital competencies with best-in-class makes for wiser investments

  • Identifying industry-leading components of digital practices is essential

Prioritizing investments is crucial to reap early returns

  • A well-thought-out list of priorities will prevent deviation from the purpose behind the transformation
  • Transformation goes beyond technology and this should be reflected in the investments being made

Appendix

  • Sample questionnaire scores and explanation of terms used in Table 1
  • Methodology
  • Further reading
  • Author

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