With a remarkable track record spanning more than three decades, Sigurd Fristad has navigated the complex IT landscape, leaving a mark as both as a seasoned line manager and a proficient program & project manager. His journey began with what would later become Accenture, where he ascended to the esteemed position of an international partner.
What sets Sigurd apart from others is his extensive experience and understanding of the challenges in managing complex transformation processes. He is well aware of the struggles associated with manual, reactive approaches reliant on fragmented transformation from various sources and individuals. So, in 2020, Sigurd and Cristoph Reuter co-founded Qlorem, which provides companies with an instant, insightful, collaborative way of scoping, planning, and executing projects, taking proactive actions, and averting problems before they even occur.
“I have felt the pain myself trying to manage the transformation complexity manually and reactively based on hardly available information from different systems and people. Me and my co-founder Christoph Reuter decided to ease the pain, so we founded Qlorem. Qlorem is Latin and stands for Quality and Value creation,”– he explains
Founded in 2020, Qlorem helps companies globally manage projects more intelligently. Qlorem has launched a nextgeneration Project Intelligence Platform that provides an instant, insightful, collaborative way of scoping, planning, and executing your projects so companies can take proactive actions and avert problems before they occur.
Qlorem’s unique Project Intelligence Platform connects project management processes to the actual change using a Dynamic Digital Twin of an Organization, integrations to the company eco-system, 60+ Key Performance Indicators, Machine Learning, and Artificial Intelligence.
The Problem Solver
Sigurd Fristad is more than just an experienced professional; he is a relentless problem-solver. In every facet of his work, Sigurd’s unwavering commitment revolves around the belief that there’s always a better way, and he’s determined to find it.
One of his defining characteristics is his analytical and fact based approach to challenges. Sigurd doesn’t rely on intuition alone; he compiles data and evidence to support his proposals for improvements and innovations. This systematic approach ensures the soundness of his ideas and fosters trust and confidence among his colleagues and peers.
Sigurd also brings an unmatched energy and passion to everything he undertakes. For him, it’s not only about solving problems; it’s about doing so with outstanding commitment and dedication.
“My passion is to create new products or services, and it gives both energy to introducing new technology which can help drive transformational changes for clients. My mission all my professional life has been to help clients become more successful,”- Sigurd says.
It’s All About Diversity
Sigurd embraces the diversity of the human race. He believes that companies can not thrive if they can’t embrace the human race’s diversity. Under his leadership, Qlorem actively promotes an inclusive environment where all are treated with respect and equality.
Furthermore, Sigurd also tackles gender pay inequality head-on. He firmly believes that actual progress can only be achieved when employees are compensated based on their work, not on their gender. Qlorem’s reward system is designed to reflect this belief, and each team member’s contributions determine their compensation regardless of gender.
Digital Transformation is Not Easy
Sigurd recognizes that the digital transformation landscape is full of challenges, and 65% of all digital transformation projects fail. Every year, companies invest more than $1 Trillion in digital transformation projects, among which $650 Billion goes to waste.
There are several reasons for this, one of which is the huge resistance in organizations towards change. Another critical factor contributing to the high failure rate is the decision-making within organizations and companies. Many companies still rely on old, archaic, fragmented, static project and product information scattered across stand-alone systems, spreadsheets, and sticky notes. While many things have changed, the way of work has hardly changed over the last decades.
“I would like to see more people being more positive to change and adopting new technology. There is too much: “This is the way we always have done it” and there are too few early adopters. Of course, we need to balance the usage of AI, but the evolution will not stop, it needs to be managed,”– explains Sigurd.
Sigurd aspires to witness a world where projects, on a global scale, are managed with greater intelligence and efficiency, ideally by using Qlorem’s Project Intelligence platform.
“I would really like to see global projects managed more intelligently, preferably by using Qlorem’s Project Intelligence platform. Then I can spend more time with my wife and grandchildren, which can be expected from my four grown-up children,”– he concludes.