Having built my career over the last 15 years in Investment Banking, Private Equity and building my own businesses, the one thing that is clear is that, for all of the ideas, business plans, spreadsheets and technology, most of what makes us successful is people. In property, the saying is location, location, location. In business it’s people, people, people and this was echoed by both David and Steve during the evening with the over-riding message that planning, people and communication are more important than the tech… quite an admission for a Digital Transformation evening.
When specifically asked about how to codify the value and re-rating of a digital transformation, both David and Steve accepted that it would be difficult to achieve with the precision required by a DCF model or standard valuation technique, but that it was possible given the time to study specific types of transformation in specific business profiles and with a talented, known and trusted team.
Perhaps unsurprisingly, an exact answer to the evening’s question posed of both speakers was not derived but we do know it works – both in terms of allowing a business to increase revenues, growth rates and cut costs but also to become the disruptors, not the disrupted. David Bellin and Dik Vos’s approach to digital and tech enabled transformation at SQS is just one example of this and we will be following up on this topic with future events and discussions.