Digital transformation involves adopting new business models and digital products, improving customer experience and optimizing operations through technology and culture changes. It requires building developer ecosystems, managing identity/security across systems, integrating mobile/IoT, gaining real-time insights from data, using microservices, and deploying solutions in cloud and on-premises environments. To succeed, organizations must democratize their technology vision, build quickly and iterate, empower employees, remain open to change, and work closely with business needs. Digital transformation is a long-term business transformation powered by software.