In an activity as uncertain as digitally transforming a large organization, knowing where you are is as important as knowing where you want to go. To know where you are re- quires two important types of measures: those that indicate transformation success, such as progress and value creation; and those that track effectiveness at building capabilities future-ready companies must have to thrive in the digital era.
The best tool we have seen companies use to know where they are is real-time dashboarding. In our analysis of over one thousand companies, those that were more effective at dashboarding were also better at most other important measures, including innovation, growth, and margin relative to industry. In this briefing we share MIT CISR research on dashboarding, illustrating our findings using a case study from Schneider Electric.
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