We have no choice – digital disruption is on us, and those organisations that can adapt and adopt quickest will be the market leaders in an increasingly competitive environment.
This finding comes from the recently released research through the MIT Sloan Management Review, in collaboration with and sponsored by Deloitte Digital. Their report, ‘Coming of Age Digitally’ (click 
to view the report) shares the findings of their research project, involving more than 4300 managers and executives from around the world.
Also included in the findings are some important insights regarding companies adapting to the digital environment, including:
- Digitally maturing companies push decision-making further down into the organisation;
- Digital business is faster, more flexible and distributed, and has a different culture and mindset than traditional business;
- Developing – not just having – digital leaders sets digitally maturing companies apart.
Obstacles that companies may face as they attempt to mature digitally include the need for a change in mindset, increased collaboration, and the need to move quickly. The research report offers a number of suggestion and practical steps to adapt, including experimentation and iteration, continued learning and pushing decision-making down the organisation.
Digital transformation is occurring so rapidly that organisations need all the help they can get in keeping pace with this change. This applies to all organisations, profit and not-for-profit. Reports such as the one from MIT Sloan can help you keep abreast of best practice, and the Avondale Business School is happy to partner with you to see your business succeed.