Digital transformation requires investing early in digital technologies and involves organization-wide changes that pose significant challenges and uncertainties to business leaders. There are many research reports available today on digital transformation technologies, business models, and potential strategies. This Executive Update complements such efforts by assessing the enabling factors, organizational readiness, and skills gaps in Asia-Pacific for 2017. This research was undertaken in conjunction with the IT Conclave organized by the SP Jain School of Global Management in Mumbai, India; Dubai, the United Arab Emirates (UAE); Singapore; and Sydney, Australia, in February 2017. The survey involved more than 150 leaders and business professionals from over 120 organizations. The results were further discussed at IT Conclave events, and inputs were considered in drafting this Update.