What’s the core of Transformation, the real deal?
From our experience, it is both control & compliance by design. Control relies on protocols that allow the company perform in its most efficient version (Business-as-a-Factory). Else, inefficiencies and overflow of projects. Compliance is a zero or one problem. It can be a killer. On one hand, if you transgress any obligation you can be fined largely. On the other, if you are late at getting ready for compliance, if you wait and do not include it by design along your transformation, it can become an unbearable cost down the road. Obviously, those that can comply within the most sensitive areas will be able to have the largest impact, protected by large barriers to entry. But beware, if control & compliance are not by design they are prone to high operational risk.