In any transformation, choosing the right path is critical. Given the complexity of the tech backbone, a company can start by conducting an assessment of the status of its current backbone as well as the most critical business initiatives and corresponding tech requirements. This assessment can help the company develop a portfolio of initiatives, which can be used to build a business case for investments in backbone upgrades—an important element to gain stakeholder support. Companies should then move as quickly as possible on initial use cases by drawing on existing data (rather than waiting until the data is ready). This test-and-learn approach enables companies to make smarter investments, move faster, and develop better solutions.