How to Survive Digital Transformation

The next twenty to forty years will be viewed as the most transformative period in history. This is because advances in science, progression of technology and innovation, the digital phenomenon.

Moore's law has driven technology progression exponentially and the rise of innovation. The question is how do we prepare for a rapidly changing, technology-driven world?

1. This is a good time for leaders to start transferring lessons learned in past transformations to the current circumstance.
2. Realize that the concepts of leading and managing are two different things: leaders will transform people in a transformation period.
3. The concept of group work is excellent. Use the tools of technology to allow for collaborative thinking and growth. 
4. Budgeting and strategy making are two separate things. Don't let a budget keep you from executing a good business plan. 
5. Understanding technology is the easy part, knowing what to do with it is the hard part. Be creative and willing to listen to your team and collaborate good ideas.
6. Companies that can simplify their technology platforms and enable flexibility, will create a massive advantage in innovation.
7. Long term plans aren't as important as short-term plans in this technology wave. Everything is changing so rapidly that it makes it impossible to execute a 10 year plan or even a 5 year plan when the tools being used change every couple of years.

Do you agree that collaboration and teamwork is the best way to combat technology and innovation? Do you agree that a short term plan is more important than a long term plan in high technological and high innovation times?