Why Digital Transformation Debt is bad?
Established companies the world over are losing ground to new and agile startups.
To cope with disruptive innovations, enterprise leaders are turning away from traditional IT and using low-code/no-code solutions to reduce their time to market.
Dr. Setrag Khoshafian, former VP & chief evangelist Pega Systems and intelligent BPM expert, walks through his book 'How to alleviate Digital Transformation debt post-CVOID-19' and takes Sharjeel on a tour about what's driving this trend and the proper way enterprise leaders can harness this trend so as to stay ahead of competitors.
List of topics/themes discussed in the episode
- Introduction 0:00
- The concept behind Digital Transformation debt
- The real-world impact of digital transformation debt
Importance of balancing do-it-quick style innovation with governance - Who is the audience for his book?
- What’s the drawback of postponing digital transformation and accumulating debt? 15:45
- Driving a cart with square wheels
- Examples where low-code innovation makes the most sense
- Which leadership style is more suitable to drive change in an agile way?
- How do enterprise leaders make low-code/no-code projects become a success story throughout the company? 24:20
- Role of Center of Excellence in alleviating digital transformation debt
- Who leads the center of excellence, business, or IT?
- Parting message to enterprise leaders 43:30
- What did Dr. Setrag have to say to executives who want to innovate faster without wasting time and money?