Dive Brief:

• Technology is changing the way Equifax operates, causing it to move into new areas, reposition staff and utilize data in new ways, The Wall Street Journal reports.  
• In 2015, Equifax opened a technology development center where teams employ agile development strategies to "get things out the door faster," Dave Webb, global chief information officer of Equifax Inc. said.
• “Companies that transition from a more traditional business model to one built around technology and IT must adopt a management practice that can support this evolution,” Webb told The Wall Street Journal

Dive Insight:

Digital transformation is reshaping long-standing businesses. Companies are suddenly feeling the potential and pain of reinventing themselves for the digital age. These shifts are causing organizations to throw out their traditional management models and act more like startups.

These new models are allowing companies to move faster and often enable better collaboration, but can also result in layoffs and other challenges as companies struggle to adjust.