Digital Transformation: What Is It and What Does It Mean for Human Capital? (CEO Business Implications)

Using digital technology and the data it produces to connect organizations, people, physical assets, and processes—digital transformation—often leads to significant changes in business strategy that may reshape a company or disrupt an entire industry. While many executives believe that digital transformation should be a strategic priority, few companies have fully implemented it. New research from The Conference Board defines digital transformation, describes its business impacts, and outlines the implications for human capital. Here, we also present the six actions that CEOs need to take to accelerate digital transformation in their own organizations.