This document discusses digital mastery and how leading companies are transforming their businesses through digital technologies. It defines digital masters as companies that use digital technologies to drive business forward and transform how they operate. Digital masters excel at both digital capabilities, like using technology to improve customer engagement and operations, and leadership capabilities to drive transformation. The document outlines four levels of digital maturity - beginners, fashionistas, conservatives, and digital masters - and provides examples of how digital masters outperform peers in key financial metrics through their advanced digital capabilities and transformation efforts.