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Jan 10, 2023 · To thrive and stay competitive, embracing digital transformation is a necessity. It’s an opportunity for businesses to optimize their operations, foster innovation, improve customer experiences, and drive revenue growth.
Digital transformation isn’t a luxury, it’s a necessity. Innovation for innovation’s sake is not enough. K Ananth Krishnan, CTO, Tata Consultancy Services, discusses how companies can enact digital transformation more effectively.
- What Capabilities Are Needed to Move The Needle on Digital Transformation?
- What Is A Domain and Why Does It Matter?
- What Role Can Ai Play in A Digital Transformation?
- What Are The Key Leadership Roles in A Digital Transformation?
- How Do You Know If A Digital Transformation Is working?
- What Companies Are Doing This well?
Successful digital transformation requires a variety of coordinated actions. Rewiredlays out six capabilities critical for successful digital transformation: 1. The ability to craft a clear strategy focused on business value.Companies should focus their transformations on specific domains (customer journeys, processes, or functions) that generate s...
Digital transformations have a much improved probability for success when teams focus on changing entire domains (for example, a customer journey, process, or functional area) rather than only on use cases (a single step within the domain, such as answering a customer-service call). A focus on domains is conducive to effective change because it enc...
AI, and particularly generative AI, is upending how companies operate and build value, presenting huge opportunities including content generation, new discoveries (particularly in fields such as pharmaceuticals and chemicals), and coding. But it can be easy to get distracted by shiny new toys. The lessons of past technology innovations still apply:...
A successful digital transformation touches a broad range of an organization’s functions so they can work together in new ways. This requires large-scale and coordinated investments. The only person who can make that level of sustained change happen is the CEO. One of the CEO’s crucial jobsis to ensure alignment, commitment, and accountability amon...
It can be surprisingly difficult to know how a digital transformation is going. Without properly tracking and measuring outcomes, leaders will struggle to manage performance and ensure that the changes happening are creating value. Knowing what to measure is half the battle. In digital transformations, key performance indicators (KPIs) usually fall...
To be digital, every company needs to rewire how it works. Once upon a time, Amazon was just another start-up: it had to invest in its technology, data, performance management, and talent practices over years to become an industry leader. The good news is that successful digital transformations aren’t just the purview of the tech titans. Establishe...
Sep 23, 2021 · Digital transformation is the use of new digital technologies such as social media, mobile technology, analytics, or embedded devices to enable major business improvements including enhanced customer experiences, streamlined operations, or new business models.
- Sascha Kraus, Paul Jones, Norbert Kailer, Alexandra Weinmann, Nuria Chaparro-Banegas, Norat Roig-Tie...
- 2021
Digital transformation is the process by which companies embed technologies across their businesses to drive fundamental change. The benefits? Increased efficiency, greater business agility and, ultimately, the unlocking of new value for employees, customers and shareholders.
- The five main ways to address digital transformation are: reimagine your growth strategy powered by technology, realign your organization to put te...
- Think of two, similar consumer product companies. One has undergone a digital transformation, the other hasn’t. The traditional company simply prod...
- Funding digital transformation is a complex process that is best approached one step at a time. In the short term, start with an end-to-end view of...
Apr 3, 2020 · Digital doesn’t sit still, so neither can your business. To thrive in today’s ever-changing digital world, digital transformation is imperative. But there are many ways to do it. The one constant is your role, as CEO, and the need for your direct involvement.
Aug 9, 2023 · Digital transformation is not a luxury or a distant dream; it's a necessity for survival in the modern business landscape. Small and medium-sized businesses that fail to adapt to new technologies risk falling behind, losing their competitive advantage, and facing extinction in a highly competitive market.
