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1. • • Digital transformation puts technology at the core of business strategy. This approach can reduce operating expenses and inefficiency. It could even change the course of your business. With a unified model across business and technology, it’s easier to achieve future ambitions.
     www.accenture.com/us-en/insights/digital-transformation-index

     What is Digital Transformation & Why is it Important? - Accenture

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   How important is a tech transformation?

   • In a recent McKinsey study, some 50 percent of surveyed companies reported moderate to significant impact on realizing new revenue streams, almost 70 percent reported impact on increasing existing revenue streams, and 76 percent reported impact on reducing costs. 1 Tech transformations, nonetheless, remain notoriously difficult and complex.

   A technology-transformation approach that works | McKinsey

   www.mckinsey.com/capabilities/mckinsey-digital/our-insights/how-to-become-tech-forward-a-technology-transformation-approach-that-works

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   What is digital transformation & why is it important?

   • Increased efficiency, greater business agility and, ultimately, the unlocking of new value for employees, customers and shareholders. Many different paths lead to digital transformation and each organization’s journey will be unique. For example, a company might introduce AI or cloud computing to enhance its customer experience.

   What is Digital Transformation & Why is it Important? - Accenture

   www.accenture.com/us-en/insights/digital-transformation-index

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   What makes a transformation successful?

   • Successful transformations, in contrast, frontload activities that unlock value quickly. Those activities can include agile sourcing strategies, clean-sheeting the portfolio, or optimizing the balance of engineering and non-engineering roles—changes that often unlock millions of dollars. Would you like to learn more about McKinsey Digital?

   A technology-transformation approach that works | McKinsey

   www.mckinsey.com/capabilities/mckinsey-digital/our-insights/how-to-become-tech-forward-a-technology-transformation-approach-that-works

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   Are Tech transformations affecting your business?

   • Some companies are starting to see real impact from their tech transformations. In a recent McKinsey study, some 50 percent of surveyed companies reported moderate to significant impact on realizing new revenue streams, almost 70 percent reported impact on increasing existing revenue streams, and 76 percent reported impact on reducing costs. 1

   A technology-transformation approach that works | McKinsey

   www.mckinsey.com/capabilities/mckinsey-digital/our-insights/how-to-become-tech-forward-a-technology-transformation-approach-that-works

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   How does digital transformation affect business?

   • Digital transformation affects all aspects of business. For it to work, the digital foundation, digital operations and a digitally skilled workforce collectively need the backing of leaders and a culture that is aligned on which new technologies to adopt and how best to integrate them into daily life. What should the future of work look like?

   What is Digital Transformation & Why is it Important? - Accenture

   www.accenture.com/us-en/insights/digital-transformation-index

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   What is the difference between a digital transformation and a business transformation?

   • For one thing, business transformations usually end once a new behavior has been achieved. Digital transformations, on the other hand, are long-term efforts (like, really long term; most executives will be on this journey for the rest of their careers) to rewire how an organization continuously improves and changes.

   What is digital transformation? | McKinsey - McKinsey & Company

   www.mckinsey.com/featured-insights/mckinsey-explainers/what-is-digital-transformation

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3. www.accenture.com › us-en › insightsWhat is Digital Transformation & Why is it Important? - Accenture

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   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...

4. www.mckinsey.com › capabilities › mckinsey-digitalA technology-transformation approach that works | McKinsey

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   Nov 2, 2020 · What tech-transformation efforts has your company launched to date? What effect have they had? What went well, and what didn’t? What factors might restrict the pace of your tech-transformation efforts? In particular, how much capital and other resources can the company devote to tech transformation?

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6. www.mckinsey.com › what-is-digital-transformationWhat is digital transformation? | McKinsey - McKinsey & Company

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   • 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...

   See full list on mckinsey.com

   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...

   See full list on mckinsey.com

   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:...

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   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...

   See full list on mckinsey.com

   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...

   See full list on mckinsey.com

   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...

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7. www.imd.org › blog › digital-transformationWhat is Digital Transformation & Why is it Important?

   www.imd.org › blog › digital-transformation

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   Digital transformation occurs when a company integrates digital technologies into its business operations, adopting them as part of a cohesive strategy and culture. Digital transformation can change how a business operates, engages employers, interacts with suppliers, and delivers value to customers and other stakeholders.

8. www.mckinsey.com › capabilities › mckinsey-digitalTech:Forward approach to a tech transformation | McKinsey

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   Dec 15, 2022 · The rapid decision making, frequent feedback, and higher metabolic rate of agile is a key enabler for tech transformations, while the product-platform operating model enables small, autonomous teams to deliver value faster. Cybersecurity (play #8) is the most frequently activated play.

9. hbr.org › 2021 › 11The Essential Components of Digital Transformation

   hbr.org › 2021 › 11

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   Nov 23, 2021 · In fact, the essence of digital transformation is to become a data-driven organization, ensuring that key decisions, actions, and processes are strongly influenced by data-driven...

10. www.ibm.com › topics › digital-transformationWhat Is Digital Transformation? - IBM

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    Apr 12, 2017 · Digital transformation is a business strategy initiative that incorporates digital technology across all areas of an organization. It evaluates and modernizes an organization’s processes, products, operations and technology stack to enable continual, rapid, customer-driven innovation.