12 Building on Successes How can Cautious Strategists move from the strategic phase to the transformation stage? First, firms should identify success stories from internal teams that have gone through the significant adoption changes regarding people, technology, and processes, then build on these experiences as the firm moves to the next cloud adoption phase. Firms should examine development efforts where business-line champions have implemented necessary changes to support cloud and next-gen technology adoption, leveling silos on the way toward true business agility. 01 Pivoting from tactical cost-saving projects to data transformation efforts. The savviest Cautious Strategists have turned must-do tactical projects into more transformative efforts. Around seven years ago, a large investment bank moved its risk data store to a next-gen technology, public cloud-based environment with a view to reducing costs and increasing scalability. Since then, it has recognized additional, more strategic cloud environment benefits. While it has more work to do before moving all data flows from the legacy environment to the cloud, the C-suite has already apportioned funds for a data-cataloguing and workflow-support tool to load data onto the bank’s cloud- based, NoSQL platform. This effort is focused on building digital fingerprints of the firm’s data to automatically identify and track it over time, which could enable significant benefits to the firm’s ability to make strategic business decisions and improve its trading flows in the future.