Unless you successfully manage the digital transformation, your company may not exist in 10 years.
According to outgoing Cisco CEO John Chambers, 40 percent of businesses will be gone in a decade because they were unable to make the transition to digital. Of the 70 percent that try to go digital, he continues, only 30 percent1 will succeed.
At least, that’s what he told 25,000 executives at a recent conference.
“If I’m not making you sweat, I should be,” he added.
Most businesses want to thrive in the digital world, and many think that by setting a mobile strategy and hiring a few workers with digital expertise, they’ve got the transition covered.
Not so, experts say. So what can your business do to survive?