There's no doubt that we are in the middle of a revolution in technology (and therefore the businesses that knowingly or unknowingly rely on technology). As nearly everything becomes software and change happens quicker & quicker, businesses are being asked to transform themselves or be changed
So how does an organisation survive in a world where digital transformation is now the norm?
It is no longer important for just your company COO or CTO to have all the senior level technical knowledge (although even some of these don't!). Instead other Exec roles such as Commercial Directors and CEOs now need more than just an awareness of what IT can deliver.
Hire the best people
Stay fast and agile
Have a plan & communicate it
"Failing to plan is planning to fail" is the old maxim. And this is especially try when you are trying to carry out a potential change to your customer experience, back-end business processes and goodness knows what else. There's also no point trying to carry out a digital transformation in a communication vacuum, it just doesn't work. And I don't mean just communicate with your peers or immediate boss either. Communicate with your board, your minor stakeholders and perhaps even shareholders (and consider communication to your customers too).
Hint: Adopt some of the newer communication, collaboration & project tools. If you don't know what Slack, Trello or even Yammer is.... find out!