The document discusses the need for workplace transformation in businesses to increase innovation and velocity. It argues that a focus on culture change, new ways of working, and emerging technologies can help businesses adapt to a rapidly evolving competitive landscape. Specifically, it recommends (1) embracing agile approaches and de-routinization, (2) rethinking how work spaces and places are designed to attract talent, and (3) adopting an integrated strategy using social, mobile, analytics and cloud (SMAC) technologies to foster greater collaboration and information sharing. Culture change is seen as key to fully realizing benefits from new technologies and ways of working.