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How can we measure digital transformation progress? This is one of the questions we’ll seek to answer in upcoming research at the Digital Transformation Center. To make sure the research answers your business questions, our Advisory Board, made up of members of The Conference Board like you, met on March 19th to help determine our focus.
This was an important first step to better understand “what we are all about.” There are so many possible directions, but we agreed on a framework for future research on these potential topics:
- How can we link transformation outputs to business outcomes?
- How can we extend standard financial models (P&L, balance sheets) to assess digital transformation—do we need additional metrics and statistics?
- Digital transformation and design thinking: how can we apply these to the enterprise decision-making model and governance?
We look forward to bringing you research that answers these questions and has clear implications for your business. Please see below for insights from current resources from The Conference Board, including a framework to begin measuring the impact of innovation—which is often aligned with digital transformation.