Technology is majorly disrupting businesses at a supersonic speed and most people seem to welcome this disruption. Perhaps for the first time in our lives we are witnessing a phase of disruption that is increasingly being perceived as a good thing. If transformation is what we want to achieve, we must, both foster and accept disruption. This is true in our business lives as well as our individual lives. It is imperative for the business to become more agile, forward looking and decision centric – all of which is only possible by discarding the old and adopting the new.
The digital journey, though exciting, is tough and riddled with the unknowns. The world however believes that the time is ripe and the journey towards digital transformation is now irreversible. Investments both large and small are being made into technology related projects. The digitization of business is dramatically altering existing industries and creating new ones, amplifying business issues, shifting value propositions within and across industries, and changing the nature and conduct of business. Almost all new projects in the world are tech intensive.