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Jul 31, 2023 · The Value of Digital Transformation. Summary. While 89% of large companies globally have a digital and AI transformation underway, they have only captured 31% of the expected revenue lift and 25% ...
Digitalization is the use of digital technologies to change business processes and projects—such as skilling employees to use new software platforms designed to help launch products faster. While digital transformation might include digitalization efforts, it goes beyond the project level and affects the entire organization. For most ...
- 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...
Aug 7, 2024 · Digital transformation is the fundamental rewiring of how an organization operates. The goal of a digital transformation, as outlined in the new McKinsey book Rewired: A McKinsey Guide to Outcompeting in the Age of Digital and AI (Wiley, June 20, 2023), should be to build a competitive advantage by continuously deploying tech at scale to improve customer experience and lower costs.
Mar 20, 2023 · Digital transformation can help businesses save costs by reducing manual labor, streamlining processes and improving productivity. For example, by adopting cloud storage, businesses can save on ...
- Cloud, Mobile, and Virtual Collaboration
- Frictionless Digital Experiences
- Cybersecurity and Ai
- Real-Time Data Sharing, and Hyper-Automation
- Technology Solutions For Remote Work and Culture
- Hybrid Cloud
- Flexible Architecture
- Data Storage and Analytics
Dave Smoley, VP, Apple:There are three areas of digital transformation that I believe will continue to be important in 2023 and beyond. The first is the area of cloud; elastic compute and storage. While this space has developed significantly, the potential to scale is massive, there are many industries and companies where we have yet to fully apply...
Ellora Sengupta, VP & Head of Business Technology, Procore:For 2023 and beyond, designing and selecting engaging, connected, and frictionless digital experiences to attract and retain customers and employees will be very important for CIOs. Customers and employees have lots of choices, and the best of those choices will provide simple, connected, i...
Milind Wagle, EVP & CIO, Equinix:The two trends that will continue to emerge stronger next year are cybersecurity and artificial intelligence. Especially as technology becomes more accessible and democratized, these two technologies will become critical to keep our organizations safe and to drive unique business opportunities and efficiencies. [ Re...
Lisa Davis, SVP & CIO, Blue Shield of California:Within the healthcare ecosystem, we see the necessity for real-time access and data sharing among members, providers, and insurance companies to not only meet the demands and care needs of our members, but to illuminate critical issues surrounding health inequity. In the year ahead, I will also be lo...
Amy Farrow, CIO, Lyft:Technology is on center stage, now more than ever. Work flexibility is here to stay and is a win for inclusivity, productivity, and modernization. We will see a growing divide between those who take advantage of this opportunity versus those who lag. Aspects that will be most critical include collaboration and flexible working...
Tony Sorensen, CIO, Five9:Digital transformation means something different to each company as we are all in different phases with a unique set of variables to manage. Given that, there are two areas that will be important in the coming years: the use of collaborative AI to create better customer experiences and managing public cloud costs. Collabor...
Carter Busse, CIO, Workato:For 2023 and beyond, CIOs will continue to be challenged to keep up with the pace of business. By focusing on a robust, secure, and flexible architecture, CIOs will be able to embrace new technologies when they get introduced by IT or the business. It will also be important that CIOs thoughtfully enable resources outside ...
Ravi Naik, CIO & EVP, Seagate Technology:As we work to solve the challenges of tomorrow, three trends are gaining momentum. One is geographic disaggregation of workloads – an independent data plane in which data resides in one place, therefore needing no transfer to and from various locations, and application stack changes as needed. This scenario ...
Jan 16, 2023 · We need to undergo two major transformations in parallel: digital transformation and sustainability transformation. Digital can not only make business more efficient and profitable but also more agile and smarter, adjusting to consumer needs and changing market conditions. The advent of smart products will give consumers a much stronger ability ...
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Nov 7, 2022 · Here are the seven trends shaping digital transformation in 2023: Investment in automation will surge as companies aim to do more with less. Amidst rising economic uncertainty, leading enterprises ...
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