How to create value in Digital 2.0 amid massive size and scale disruption

Rapid technological advancements have ushered us into the age of acceleration. With survival at stake, organizations have had no choice but to build digital capabilities that cut across the enterprise, permanently alter their core DNA and embrace new technology means for value creation. By recognizing the need to embrace digital, industrial giants like General Electric Co. transitioned from being a products and financial services firm to a digital corporation by leveraging the “Industrial Internet", thereby generating a whopping $7 billion in software sales in 2016. Mutation for digital DNA In order to be agile and innovative, organizations must constantly listen to their customers, develop insights through data and most importantly, be “bold" in reprioritizing their product portfolio—even if it includes making some hard decisions. As organizations want to take a structured approach to address digital imperatives, they need to keep in mind that digital transformations need to touch the entire organization—people, processes and technology.