The report highlights the challenge of legacy transformation for companies in virtually every industry. Digital competitors are raising the bar and forcing incumbents to undertake multi-year transformation programs that require them to change the engine while the train is still rolling. The report recommends exploring complementary paths to avoid transformation projects becoming too large and complex, while allowing transformation teams to focus on the fundamental business issues. Complementary strategies can help companies accelerate returns, are more manageable, require less resources to be launched, and allow the organization to try and fail without risking too much. The report also notes that incumbents around the world are facing the same situation, regardless of sector, and are under pressure to undertake large and difficult transformation programs based on new technologies and ways of working.
