In order to initiate a transformation process designed to capture the benefits of digital technologies for improved performance, one must focus on the five success factors of digital transformation listed in this episode.

A good digital transformation balances the uniqueness of human capabilities with the scalability and computing ability to lead change, which requires a dual focus on digital technology and organizational culture. Effective technology leaders such as Josh Team know the importance of due diligence. Digital transformation leaders must have a deep understanding of the company's technological architecture and vision for future innovation, but they must never lose sight of the overall impact of these changes on the company and its customers.

Digital transformation requires cultural and behavioral changes such as calculated risk-taking, increased collaboration, and customer focus, as our previous research has shown. Survey results suggest that there are two main ways in which companies can make a successful transformation and empower their employees to embrace it. The first is to strengthen new behaviors and working practices through formal mechanisms and proven measures that support organizational change. A key to the success of the transformation is the establishment of new ways of working.

Every entrepreneurial initiative requires thoughtful planning and reflection, and the digital transformation is no different. A large part of successful planning comes down to understanding your organization's approach to innovation.

Digital transformation is a shift in mentality that is changing the way companies use technology, people, and processes to improve their business performance. The fact is that digital change involves more than just the introduction of new technologies and the elimination of human efforts. Digital transformation leaders need to understand how to leverage the technology's scalability and the intuitive, personal touch that team members bring to the process.