Digital technologies have altered how people and businesses interact. The potential for dislocation from ongoing digital transformation has created unprecedented levels of C-suite discussion. The decisive market leaders have heeded the warnings and taken bold actions. That said, if you’re one of those Chief Technology Officers (CTO) who previously responded to this scenario by making small incremental adjustments to your IT agenda, then you’re potentially at risk. Any relief from those prior tweaks tend to be short-lived. The same issues will likely resurface. An Introduction to Digital Reinvention Back in 2013, the IBM Institute for Business Value (IBV) introduced the concept of ‘Digital Reinvention’. Why is that concept noteworthy? Markets had evolved from organizational centricity, in which manufacturers and service providers defined a predictable state, into a radically different environment described as the everyone-to-everyone (E2E) economy. The E2E economy has four dist...
The Digital Business Transformation Journal