Digital transformation is a requirement if firms are to survive today. Changes must be made in business models, operations, talent sourcing, and training.
That's the main message coming from financial executives of large companies operating in Latin America who gathered at the CFO Miami Forum, held in Miami in November 2017.
Many companies seem to be aware of the importance of DT, but still fear it can call for costly changes. In fact, inadequate goal-setting and planning may lead to failure.
DT involves changing the workplace culture. The challenges for today's CFO can be daunting, as the process of transformation may demand they be able to act as accountants, engineers, and psychologists simultaneously.
Caption: Elias Tavarez, Lala US; Liba Saiovici, Bank of America Merrill Lynch; Moises Vidal, Bank of America Merrill Lynch
Caption: Alex Michiels, Ryder System, Inc.; Virgilio Penso, Teva Pharmaceutical...