Are traditional companies, long derided for being sluggish and stuck in the past, about to undergo a renaissance? Patrick Forth, of BCG’s Technology, Media & Telecommunications practice, talks about the exciting future for incumbents that succeed at digital transformation. Unfortunately, only one-third of digital transformations are successful. What separates the winners from the losers? After years of studying digital transformations, Forth has identified the six factors that can elevate the chance of success to more than 80%—and only one is a technology issue. Forth talks about the importance of strategy, leadership, talent, governance, and measurement—and why middle managers are the unsung heroes of digital transformation.