Improve Your Company’s Digital IQ for Digital Transformation Success

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PHOTO:
Wilhelm Gunkel

Do you know your company’s Digital IQ? Technology plays an important role in your organization’s success. Digital IQ measures an organization’s ability to use and profit from these technological solutions. It may refer to the capabilities of the company as a whole, specific departments or individual employees.As technology continues its rapid advancement, Digital IQ will become even more important to the resilience of a business. Why Is Digital IQ So Important? In the age of digital transformation, it feels like most companies are undertaking technology stack improvement initiatives to make them more competitive in the marketplace. Unfortunately, a significant majority of these programs fail to deliver on their stated goals: an increase in revenue and a decrease in operating costs. In fact, according to a 2016 McKinsey report, up to 70% of those programs aren’t successful. Why don’t these plans succeed more often? According to a survey by PwC, the most often cited reasons are lack of digital skills, outdated technology and inadequate IT integration methods. In other words, insufficient organizational Digital IQ.Related Article: How to Raise Your Organization’s Digital IQ What Can Be Done to Increase Your Digital IQ? Fortunately, you can promote and improve your …

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