There seems to be a growing consensus among business analysts that organizations organized around principles developed during the industrial age must transform into digital enterprises to survive in the Information Age. Former IBM executive Irving Wladawsky-Berger notes, "Firms came into being to make it easier and less costly to get work done." That objective has not changed; but the means for achieving it have.
Many analysts have predicted that for companies to survive in the digital age they must transform into digital enterprises. What are the benefits of such a transformation? “By harnessing the power of devices and data, and leveraging the ever-accelerating technological advancements,” states Dr. Sania Irwin, Chief Innovation Officer at Cimphoni, “we have the ability to shape every aspect of the world around us, from broad policies, to business offerings and practices, to daily living.