| | December 20178CIOReviewBy Abhimanyu Verma, Lead- Applied Technology Innovation, Novartis IN MY OPINIONverywhere around us, we see the transforma-tional impact of digital technologies. The im-pact of digital is rising from the technology and innovation playgrounds to become a board-room topic pan industry. Digital Transforma-tion is viewed as a significant opportunity and threat at the same time. Digital transformation is much more than using the latest technologies to solve a point challenge. Such approaches while ENovartis is a global healthcare company based in Switzerland that provides solutions to address the evolving needs of patients worldwide. Its therapies are available in more than 180 countries around the world helping approximately a billion patients.Abhimanyu VermaDIGITAL TRANSFORMATION:IT'S ABOUT STRATEGY AND CULTURE. NO SURPRISE! innovative and seemingly solving specific problems at a point in time do not go beyond creating a tem-porary impact, akin to creating ripples in a pond. Companies and talented executives have invested much effort and resources in such digital initiatives via various avenues like incubators, partnerships, M&A, digital innovation teams etc. but struggle to harness the true benefits and making a meaningful impact ­ be it in top line, bottom line or societal ef-fect. Surely then, this lack of impact is not for lack of ambition or effort. What gives then? No doubt, while the impact of digital is indus-try and context specific, there are two common themes for any digital strategy to be truly transfor-mational. These themes resonate across industries, geographies and contexts. None of these themes are about the latest technology buzzwords ­ no, it's not about IoT/ Cloud/Blockchain/Automation/ AI/your favorite buzzword. It is something more fundamental and dare I say, more timeless.The first theme: For meaningful transfor-mation that harnesses digital technologies, one needs to integrate digital in the core of the or-ganizational strategy. The second leg that digital transformation rests on is cultural transformation. Let's dig deeper.
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