When it comes to the digital transformation process in organizations, today’s leaders just aren’t measuring up, according to a recent report by Capgemini and George Westerman, Principal Research Scientist with the MIT Initiative on the Digital Economy. In fact, the research found that only 35% say they have the leadership capabilities to succeed at digital transformation, which is a 10% decrease from 2012.
Westerman says it’s no surprise, given the complex nature of many organizations, as well as the difficulty of working across silos in companies. He adds that to be an effective leader, an executive needs to have vision, engagement, and governance skills, and also be adept at building strong IT/business relationships. In addition, they have to deal with legacy issues explains Westerman, who is co-author of Leading Digital: Turning Technology into Business Transformation.