In today’s tech-driven world, few qualities matter more than adaptability. So what does that mean for the C-suite?

The ability to pivot in response to the markets and with technology marks the difference between companies that survive and those that thrive. The digital transformation requires more than just keeping up with current technology—businesses must shapeshift to rise above their competition. The new definition of adaptability is digital agility. But how can the C-suite encourage this transformation?

Create an Adaptable Infrastructure

Your business, at its core, must embrace the digital transformation. The only certainty in technology is that the future is uncertain—so frame your business infrastructure around that principle. This is a hard concept for many companies to grasp. In fact, research suggests that organizations invest as much as 80 percent of their IT budgets in maintaining legacy systems. This way of thinking must go. Open development, DevOps, open APIs, and data analytics allow enterprises to adapt, so CIOs should lead the charge in making their business infrastructure adaptable.

Focus on five key areas of adaptability: organization, processes, technology, data, and measurement. Since we live in a world of digital Darwinism, take a Darwinian approach: it’s not the biggest or strongest who necessarily survive, but those who are most responsive to change.

Establish a Clear Vision

Though the future of business processes and technology are unclear, there’s one thing about your enterprise that should always be transparent: your vision. If you know where you want your company to go, you will be better equipped to create processes that get it there. According to a recent Gartner survey, only 13 percent of respondents said they knew their next big digital business investment. Almost two-thirds said they didn’t know much about the possibilities of […]