“ Companies continue to adopt advanced technologies that promise to support transformative change and continuous innovation due to the competitive landscape , new opportunities to serve markets and evolving customer expectations ,” says Greg .
However , Accenture research shows that seven out of 10 enterprise transformation efforts fail to meet business leaders ’ expectations .
“ While no two transformations are alike , at the core , they must be centred around achieving a strategic vision , fostering financial growth , and enabling a more nimble , responsible organisation in order to be successful ,” Greg tells Business Chief .
This means every ounce of effort must be clearly aligned to transformation objectives , while the depth , scope , and complexity of such a transformation requires a leader whose time is dedicated to ensuring success .
According to Greg , organisations that are successful with transformation have three things in place – a well-formulated vision , a permanent transformation office , and a chief transformation officer who reports to the CEO .
What role does the CTO and Transformation Office play The goal of the CTO is to build a permanent ‘ changing capability ’ or the business-
businesschief . com 55