Digital transformation strategies aim to engage customers in new ways and fundamentally change how businesses operate. There are six key building blocks: having a digital strategy integrated with overall business strategy, starting with a fresh vision focused on future value shifts, and experimenting through prototypes. Digitalization can disrupt industries by changing supply, demand, or both. Two primary sources of transformation are making new markets and leveraging hyperscaling platforms. To become a digital master, companies must find their position and path, develop both leadership and technological capabilities, define digital key performance indicators, use agile delivery approaches, and follow key rules of engagement like strong governance and change management.