Transformations: focus on problems, not tech

May 02, 2024
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Transformations: focus on problems, not tech

When embarking on digital and AI transformations, it is crucial to focus on identifying the root problems that need to be addressed, rather than getting caught up in the allure of new technologies. Successful transformations require a deep understanding of the issues at hand and a commitment to fostering a culture of continuous innovation within the organization.

Consider the perspective of control functions such as risk management, compliance, and regulation in this new landscape. With numerous small teams driving innovation, these functions must proactively assess and mitigate potential risks early on in the development process. By shifting their focus upstream and integrating risk management into the initial stages of project planning, they can ensure that critical considerations, such as data privacy, are addressed from the outset.

Ultimately, effective transformation requires a holistic approach that prioritizes problem-solving and risk management throughout the entire process.

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