What are the key factors for implementing a digital change according to McKinsey's survey?

The key elements of a successful digital transformation strategy include having the right, digital-savvy leaders and adding transformation-specific roles. Developing talent and skills throughout the organization is also crucial. Engaging the specific roles of integrators and technology-innovation managers who bridge potential gaps between the traditional and digital parts of the business is another key element. Lastly, empowering people to work in new ways and encouraging employees to embrace cultural and behavioral changes is important.

An organization can manage the risks associated with a digital transformation by having the right, digital-savvy leaders in place. This includes adding transformation-specific roles, such as leaders of individual initiatives and leaders of the program-management or transformation office. Building capabilities for the workforce of the future is also crucial, which involves developing talent and skills throughout the organization. Engaging the specific roles of integrators and technology-innovation managers can help bridge potential gaps between the traditional and digital parts of the business. Lastly, empowering people to work in new ways, such as encouraging employees to embrace cultural and behavioral changes like calculated risk taking, increased collaboration and customer centricity, can also help manage the risks.

The role of a leader of individual initiatives in a digital transformation is crucial. They are responsible for overseeing specific transformation projects, dedicating their full attention and time to these initiatives. They play a key role in bridging the gap between traditional and digital parts of the business, ensuring the successful implementation of digital changes. They also help in developing talent and skills throughout the organization, which is a critical factor for implementing a digital change.