Deloitte highlights impact of meshing digital strategy

Enterprises should turn their digital initiatives into clear strategic actions to achieve digital transformation, as faulty moves could lead to a market value loss of US$1.5 trillion across Fortune 500 companies, according to analysts from Deloitte.

A recent Deloitte report scoured more than 3 million pages of financial disclosures for 4,651 US and global firms listed on the New York Stock Exchange. It found the link between strategy and action is the key to a company’s ability to earn value from digital transformation.

“Connecting digital strategy and action is a proven way for leaders to generate a tremendous return for their stakeholders,” said Tim Smith, Deloitte’s head of technology strategy and business transformation at the London-based services firm.

According to the analysis, the right combination of digital transformation actions can unlock as much as…