In a recent article published in the Journal of
Information Science, Dr Deepak Saxena (Dublin Institute of
Technology) and I postulated that managers frequently struggle with
the amount and variety of (digital) information available to their
businesses. We based our findings on empirical evidence from the
tourism industry, but it appears that this phenomenon is not
constrained to any one industry.
In another
recent report, Anand Sanwal, CEO and Co-Founder of CB Insights,
describes the speed and impact of the digital transformation by use
of a remarkable quote taken from Ernest Hemingway's novel
The Sun Also Rises (1926). The conversation goes:
"How did you go bankrupt?" Answer: "Two ways...
gradually, then suddenly". Accordingly, parallels can be drawn
to the overwhelming effect of the digital transformation especially
on those companies that are not prepared, which are usually each
industry's current and long-time giants. It appears that
"suddenly" has already
