McKinsey: Overcoming the Core-Technology Transformation Stalemate
October 30, 2020
“Which approach describes your digital transformation? “Repaint” by making the minimum investment required to maintain existing operations and digital channels; “renovate” through gradual but persistent upgrades of the core and more substantial improvements when necessary; and “rebuild and replace,” by building or buying a completely new IT stack (or large portions of it) and migrating the existing business to it. As companies progress on their transformation journey, they may switch from one archetype to another.”