Digital Transformation: A Path to Economic and Societal Value

Abstract

Digital transformation can enable the creation of substantial business and societal value. However, it entails more than simply the use and application of technology. Digital transformation implies a change in mindset, attitudes, and culture, and doing so successfully requires leaders to overcome many challenges. New technologies such as artificial intelligence and machine learning are accelerating the pace of this transformation, and leaders must position their organizations strategically to exploit them. For society, the critical sectors of healthcare and education are poised at an inflection point of digital transformation today, further precipitated by the global pandemic of 2020. Educators must ensure that tomorrow’s leaders are equipped to drive digital transformation as an urgent strategic imperative in their organizations.