Digital Transformation News and Developments
2021
Top trends in digital transformation in 2021
Digital Transformation Principles
2020Digital Transformation Comes Down to Talent in 4 Key Areas
by Thomas H. Davenport and Thomas C. Redman
May 21, 2020
Assembling the right team of technology, data, and process people who can work together — with a strong leader who can bring about change — may be the single most important step that a company contemplating digital transformation can take.
Process management for effectiveness is to be done horizontally, across existing departments (silos), with output focused on customers. Still many organizations find it difficult to reconcile the new approach with traditional hierarchical thinking. As a result, this powerful concept has languished.
https://hbr.org/2020/05/digital-transformation-comes-down-to-talent-in-4-key-areas
2019
Digital transformation: Improving the odds of success
October 22, 2019
https://www.mckinsey.com/business-functions/mckinsey-digital/our-insights/digital-transformation-improving-the-odds-of-success
How to design AI tools for the workplace, Amy Lokey, VP of user experience, Google
June 21, 2019
https://qz.com/work/1641696/google-ux-lead-on-getting-ai-right-in-the-workplace/
The Five Rules of Digital Strategy
MAY 29, 2019
By Dan Wald, Romain de Laubier, and Tauseef Charanya
Top 21 Digital Transformation Strategies
https://www.imd.org/imd-reflections/digital-programs-reflections/digital-transformation-strategies/
BCG Digital Transformation
https://www.bcg.com/digital-bcg/digital-transformation/overview.aspx
2018
Unlocking success in digital transformations
October 2018 - McKinsey Survey
The results from successful transformations show that these organizations deploy more technologies than others do
https://www.mckinsey.com/business-functions/organization/our-insights/unlocking-success-in-digital-transformations
2017
Ten Guiding Principles of Digital Transformation
Tanguy Catlin, Johannes-Tobias Lorenz, Bob Sternfels, and Paul Willmott, McKinseyMarch 2017
https://www.mckinsey.com/industries/financial-services/our-insights/a-roadmap-for-a-digital-transformation
Defining value phase
1. Secure senior management commitment
2. Set clear, ambitious targets
3. Secure investment
Prjects and Programs launch and acceleration phase
4. Start with lighthouse projects (projects that offer potential for significant rewards with manageable risk)
5. Appoint a high-caliber launch team
6. Organize to promote new, agile ways of working
7. Nurture a digital culture
Scaling up phase
At 18-months pilot phase, time to scale up up arrives.
8. Sequence initiatives for quick returns
9. Build capabilities
10. Adopt a new operating model
Digital Leadership Principles
Subhinder DhillonCapgemini
2015
Customer is King
Have Plan A, B and C Ready.
Digitalisation with Representation
Ecosystem Control (Participation)
Business with Technology (24/7 business)
Data as Lifeblood (Or at least a new material of the business out of which products and services are made)
Channels of Choice (As per the desires of the customer)
Innovation Never Sleeps
https://www.capgemini.com/2015/06/how-successful-leaders-secure-benefits-from-digital-transformation-8-0/
Digital Transformation Strategy Issues
The seven decisions that matter in a digital transformation: A CEO’s guide to reinvention
By Peter Dahlström, Driek Desmet, and Marc Singer, McKinsey & Co.
February 2017
https://www.mckinsey.com/business-functions/digital-mckinsey/our-insights/the-seven-decisions-that-matter-in-a-digital-transformation
The critical decisions occur in the four phases of a successful digital transformation program:
Discovering the ambition for the business based on where value is migrating
Designing a transformation program that targets profitable customer journeys
Delivering the change through an ecosystem of partners
De-risking the transformation process to maximize the chances of success
In each decision, the CEO has a role, from modeling, visualizing and approving the new system to efforts to bring in new behavior in organization that is in tune with the change in strategy.
Important Decisions
1: Where the business should go
2: Who will lead the effort
3: How to ‘sell’ the vision to key stakeholders
4: Where to position the firm within the digital ecosystem
5: How to decide during the transformation
6: How to allocate funds rapidly and dynamically
7: What to do when
Digital Transformation Rules
Six IT Design Rules for Digital Transformation
Break boundaries across IT stacks.
Embrace DevOps
Be open.
Incorporate policy engines.
Induce insights
Insist on user-friendly experiences and tools.
Six IT Design Rules for Digital Transformation
July 19, 2017 Bain Brief
http://www.bain.com/publications/articles/six-IT-design-rules-for-digital-transformation.aspx
15 Rules for Winning During the Age of Digital Transformation
Cognizant Technology Solutionshttp://www.futureofwork.com/article/details/15-rules-for-winning-during-the-age-of-digital-transformation
Five golden rules of digital transformation for CEOs to follow.
LEARN FROM THE OUTSIDE BUT STAY TRUE TO YOUR DNA
FOLLOW THE MAP, TRUST THE TERRAIN
PLACE MANY BETS
DIGITIZE THE ORGANIZATION
BUILD A TALENT PIPELINE
https://www.bcg.com/publications/2017/digital-transformation-digital-organization-ceo-guide-to-digital-transformation.aspx
Updated on 26.5.2022, 14 June 2020, 29 June 2019, 23 January 2018
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