WEBVTT 00:00:00.083 --> 00:00:01.418 Thank you so much for joining us. 00:00:01.584 --> 00:00:04.295 What do you think the biggest hurdles are that companies face 00:00:04.295 --> 00:00:06.381 when approaching their digital transformation? 00:00:07.007 --> 00:00:08.591 I see two big hurdles. 00:00:08.591 --> 00:00:10.301 One is sense of urgency. 00:00:10.427 --> 00:00:13.847 So, where COVID might have forced a lot of people to get 00:00:13.847 --> 00:00:16.683 started with digital transformation, how do you 00:00:16.683 --> 00:00:20.145 create that continuous sense of urgency that keeps going? 00:00:20.353 --> 00:00:21.479 Because it's a journey. 00:00:21.688 --> 00:00:23.440 So I think that's one hurdle. 00:00:23.940 --> 00:00:27.485 The second hurdle I can see is you probably already have done 00:00:27.485 --> 00:00:30.905 the easy stuff, the low-hanging fruits, and things are only 00:00:30.905 --> 00:00:34.242 getting tougher and more, more complex problems to solve. 00:00:34.534 --> 00:00:38.371 So how do you build that tenacity, resilience in your team 00:00:38.371 --> 00:00:41.624 to keep going and then tackle the more complicated problems? 00:00:41.624 --> 00:00:45.378 And how can companies get the most out of this digital transformation? 00:00:45.962 --> 00:00:49.340 So, I think, first thing is have a very clear road map and it has 00:00:49.340 --> 00:00:50.717 to be a multiyear road map. 00:00:51.259 --> 00:00:55.346 You need to have a clear point of arrival and where do you want to go? 00:00:55.346 --> 00:00:59.309 And whereas external partners like BCG and others can help, 00:00:59.309 --> 00:01:00.935 they can't do it for you. 00:01:01.186 --> 00:01:04.689 So you really need to also invest in your teams and invest 00:01:04.689 --> 00:01:08.443 in those capabilities that is needed to execute that road map. 00:01:08.777 --> 00:01:12.781 And you can't invest at the time where your external partners 00:01:12.781 --> 00:01:13.990 starts to roll off. 00:01:14.324 --> 00:01:17.869 You need to invest from the beginning and, and really build 00:01:17.869 --> 00:01:19.704 that long-lasting capabilities. 00:01:19.996 --> 00:01:23.458 And how important is leadership and company culture in making 00:01:23.458 --> 00:01:24.125 this happen? 00:01:24.375 --> 00:01:25.293 Oh, very important. 00:01:25.293 --> 00:01:27.754 I mean, leaders today have to be tech savvy. 00:01:28.088 --> 00:01:31.966 And if they are not, I think every digital organization have 00:01:31.966 --> 00:01:35.762 to make sure that they educate their leadership. Because if 00:01:35.762 --> 00:01:39.099 they don't understand what you're trying to do, can 00:01:39.099 --> 00:01:42.644 communicate it to everyone else and get them on board, 00:01:43.144 --> 00:01:44.229 it will be very hard. 00:01:44.270 --> 00:01:48.316 And, and the second thing is you need to have an entrepreneurial, 00:01:48.316 --> 00:01:51.528 agile mindset because transformation . . . you will 00:01:51.528 --> 00:01:54.322 need to experiment, and experiments can fail. 00:01:54.614 --> 00:01:58.910 So you need to have a culture where it is accepted that you 00:01:58.910 --> 00:02:03.331 experiment perhaps without a a clear return of investment and 00:02:03.331 --> 00:02:06.417 that some of those experiments might fail. 00:02:06.793 --> 00:02:10.588 If someone says we don't need to experiment, we we know it all, 00:02:10.588 --> 00:02:12.423 you're probably not innovating. 00:02:12.465 --> 00:02:13.925 You're not innovating enough. 00:02:14.509 --> 00:02:18.096 For example, AI--I don't think anyone have mastered AI. 00:02:18.555 --> 00:02:21.808 There's a lot of experimentation needed and there will be a lot 00:02:21.808 --> 00:02:23.685 of those experiments that will fail. 00:02:23.685 --> 00:02:27.188 So have that culture that is acceptable to fail and the 00:02:27.188 --> 00:02:28.857 leadership to support you. 00:02:29.440 --> 00:02:30.275 Thank you so much.