CFOs can play a key role in digital transformation

Digital transformation is a must

Digital transformation is one of the most discussed topics within the business community. So, it comes as no surprise that, according to Onguard’s FinTech Barometer 2019, 73% of organisations have the topic on their agenda.

To begin, it is important to truly understand what ‘digital transformation’ entails. Defining digital transformation is often difficult due to a jumble of available information. A single Google search on the subject takes less than one second but gives 350,000,000 results. In short, digital transformation is the process of using digital technologies to create new — or modify existing — business processes, culture, and customer experiences to meet changing business and market requirements. This reimagining of business in the digital age is digital transformation. Onguard believes digital transformation is integral in an organisation’s evolution. The ultimate aim is to create a flexible organisation that can quickly respond to the ever-changing customer and market demands.

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