Several key digital insights have been uncovered by the MIT Sloan Management Review in its study in digital transformation. The first of these is that organizations are not evolving fast enough to catch up with technologies, as the latter changing much quicker. Organizations need to work on their talent management practices. This is because, the biggest hurdle they may face is in people having a mindset gap. As per business research anchored by the MIT, a mere nine percent of organizations possess the requisite to battle the digital economy. Only twelve percent of company leaders have the right mindset, while just thirteen percent of organizations are confident of going in to battle. Digital savvy companies possess a substantial advantage in this. Consumers too are part of this digital innovation. There are however, both pitfalls as well as promises in this race towards digital transformation.

Source:https://mitsloan.mit.edu/ideas-made-to-matter/5-digital-insights-mit-sloan-management-review

Uploaded Date:14 August 2019