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Governing Digital Initiatives
Digital transformation is shifting the balance of power in business. Digital initiatives are creating new opportunities to disrupt your industry and drive growth. However, that’s not easy given the number of digital programs failing to meet their objectives or deliver value. To succeed, businesses need a framework to ensure these initiatives are aligned with the organization’s strategic objectives and compelling ROI metrics. A principles-based approach will help you avoid a failed digital transformation program and support future innovation areas. This blog post explains why principles-based models are better for digital transformation programs and offers five principles to help you get started with your next initiative.
Why a principles-based approach works for digital transformation
Digital transformation is a marathon journey, not a sprint race. It’s a long-term endeavor to transform your business. When you fail to plan for the future, you’ll end up with the same issues we’re seeing today. That’s because you’re relying on a waterfall model where you have no governance and no visibility. This approach lacks the organization’s business expertise, market insights, and customer insights that help you make the right decisions for your digital transformation program. In fact, many initiatives fail because business stakeholders…
