Executive Briefings

Excellence in Speed, Scale and Value Required for Successful Digital Transformation

CEOs around the world are eager for digital transformation. Most understand why their companies need to transform, and most have a basic understanding of what must be done. But a fundamental question remains: how do they make it happen?

The transformation will vary somewhat depending on the company's current location on the digital journey. At the outset, companies need to frankly assess their digital maturity and identify gaps relative to competitors. It's essential to make the right moves in the early days of a digital transformation. To do so, companies need to understand where digital initiatives can have the greatest impact on their business.

Analysis of more than 1,000 companies that were undergoing digital transformation, across multiple industries and geographic locations, showed that the most successful companies outperform their competition by excelling in three fundamental areas:

Speed. How can we move quickly - at digital speed?

Scale. How can we change the way we work across the entire enterprise?

Value. How can we create tangible value for the business—and for customers?

To compete in the fast-moving digital world, companies need to execute along these three dimensions, in parallel.

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The transformation will vary somewhat depending on the company's current location on the digital journey. At the outset, companies need to frankly assess their digital maturity and identify gaps relative to competitors. It's essential to make the right moves in the early days of a digital transformation. To do so, companies need to understand where digital initiatives can have the greatest impact on their business.

Analysis of more than 1,000 companies that were undergoing digital transformation, across multiple industries and geographic locations, showed that the most successful companies outperform their competition by excelling in three fundamental areas:

Speed. How can we move quickly - at digital speed?

Scale. How can we change the way we work across the entire enterprise?

Value. How can we create tangible value for the business—and for customers?

To compete in the fast-moving digital world, companies need to execute along these three dimensions, in parallel.

Read Full Article