The document discusses preparing a business for digital transformation. It begins by explaining that traditional methods are becoming outdated and businesses must change or die. It then defines key terms like digitization, digitalization, and digital transformation. Digital transformation involves using digital technologies to modify business processes and customer experiences. The document also notes that while $1.3 trillion was spent on digital transformation in 2018, $900 billion was wasted due to factors like having the wrong mindset and flawed organizational practices. It concludes by providing seven steps to a successful digital transformation, such as adopting an exponential mindset, building digital capabilities, and creating a broad digital roadmap.