Digital Transformation Governance

Description
Executives in all industries are using digital advances such as analytics, mobility, social media and smart embedded devices to transform their businesses. They are changing customer interactions, internal business processes and even their business models to take advantage of new technological capabilities.

The constantly evolving digital landscape necessitates executives to dynamically design and govern their portfolio of Digital Initiatives.

Governance related concerns stood has a “high priority” for people leading Digital Transformation efforts in most companies as per an MIT Research conducted in 2019. This data reflecting feedback from 1,030 digital executives shows that ineffective Structure and Governance of Digital Initiatives is the prime reason for them to either fail or deliver below par results. Based on this study, we have distilled out 7 key governing principles that link Digital Transformation to impactful success.

1. Centralize Shared Information.
2. Decentralize Governance of Digital Initiatives over Time.
3. Decentralize Ideation. Centralize Idea Evaluation.
4. Ensure KPIs Measure True Impact.
5. Focus on Compatibility, Consistency, and Continuous Integration.
6. Implement a "Fit-for-Purpose" Mapping System.
7. Perform Scenario Analysis.

By following the 7 key Governance principles, digital leaders can maximize the success quotient of their Digital Initiatives.

This deck also includes slide templates for you to use in your own business presentations.