The document discusses digital transformation and its importance for companies. It notes that about 1/3 of large companies have digital transformation at the center of their strategy and are "thrivers", while the other 2/3 are in "reactive mode" and risk not surviving. Digital transformation involves changes across leadership, customer experience, use of information, business models, and workforce. Companies that thrive blend digital and physical experiences, use data as a competitive advantage, create new digital revenue streams, and leverage technology for talent. The document compares digital transformation maturity in the US and Europe and outlines strategies successful companies use like cross-functional partnerships and incorporating new skills into the organization.