We are living in a time of exciting technological innovations – digital technologies are driving transformative change and economic paradigms are shifting. These new technologies are reshaping product and factor markets and are profoundly altering business and work. In the wake of the Covid-19 pandemic, we see companies rise up to embark on their digital transformation journeys.
However amidst these adoptions, analysts have cautioned that of USD1.3 trillion spent on digital transformation in 2018 alone, an estimate of USD900 billion went to waste. The reason for this is because 70 percent of businesses failed to meet their transformation objectives.
So how can companies overcome the odds and achieve long-term success with organisation-wide transformation? To answer these questions, we reach out to Dr. Dennis Khoo, Managing Partner, All Digital Future. An accomplished digital transformation expert and co-author of ‘Driving Digital Transformation’, Dennis speaks about the common pitfalls of digital transformation including successful strategies that businesses can embark on to succeed in their transformational efforts.
Additionally, he touches on:
- His experience of setting up TMRW Digital Group , the millennial digital bank under UOB.
- Key lessons from his previous experience and advice for CEOs out there.
- The reason for founding All Digital Future and what the company was set up to do.
- Insights from his book “Driving Digital Transformation”.
- What inspired the genesis of the Digitalfuture Playbook and how it is helping organisations transform effectively.
Guest: Dr. Dennis Khoo, Managing Partner, All Digital Future
Host: Brian Fernandez
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