Designing a Future-Ready Enterprise: <scp>The Digital Transformation of DBS Bank</scp>
Siew Kien Sia, Peter Weill, Nila Zhang
Abstract
Many organizations are embarking on digital transformation to be future-ready. However, there is a lack of conceptual clarity on the underlying design logic of a future-ready enterprise. A digitally transformed enterprise must be ready to respond to unpredictable dynamism and pervasive digitalization. Such an enterprise must incorporate the duality of exploitation and exploration as well as the fusion between business and technology into its organizational design. This article presents a framework based on the digital transformation journey of DBS Bank and draws new managerial insights for driving digital transformation strategically.
Topics & Concepts
DynamismDigital transformationCLARITYTransformation (genetics)BusinessKnowledge managementProcess managementBusiness transformationComputer scienceEnterprise architectureBusiness modelMarketingWorld Wide WebElectronic businessPhysicsBusiness relationship managementChemistryArtGeneVisual artsQuantum mechanicsArchitectureBiochemistryDigital Transformation in IndustryBig Data and Business Intelligence