Report

Future Ready? Pick Your Pathway For Digital Business Transformation

AUTHOR

Peter Weill, Chairman & Senior Research Scientist

Stephanie L. Woerner, Research Scientist

MIT Center for Information Systems Research

 

ABOUT

Just about every big old company is on a digital transformation journey, often without a playbook. In this briefing, we provide a digital transformation playbook—at least the first chapter. We answer the questions: what is digital business transformation, what percentage of firms have transformed, and how do they perform? We also share the four viable pathways for transformation and their pros and cons. The goal is not digital transformation, but rather business transformation using digital capabilities. We call these transformed companies “Future Ready.” We found that Future Ready companies perform better, with 16 percentage points higher margin than their industry average—a huge premium.



Published on 09 Apr 2018

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