In today’s world, digital transformation is no longer an option. Instead, it is a necessity for businesses to stay competitive. The rapid pace of technological advancements, coupled with changing consumer behavior and expectations, has forced companies to rethink their strategies and embrace digital transformation. In fact, a recent study by McKinsey & Company found that […]
Why Embedded Innovation Is Key to Digital Transformation
“Digital transformation” is the hottest phrase of 2023, encapsulating everything from supply chain disruptions to the AI gold rush. It’s the challenge companies are undertaking to make sure they keep pace with today’s rapidly evolving technology and interconnected digital world. For business leaders, the biggest focus is on making sure their internal processes are intertwined […]
Overcoming Eight Data Literacy Barriers
Leaders want “everyone, everywhere, and all at once to become highly data-literate, demonstrate a high capability to read, work with, and analyze data,” says Dr. Wendy Lynch, founder of Analytic-Translastor.com and Lynch Consulting. As a consultant to numerous Fortune 100 companies, she understands why organizations want all their members to have a high level of Data Literacy. […]
What Technologies Should I Include in My Digital Transformation Strategy?
If your enterprise is about to undertake a digital transformation (Dx) project, you should understand that these initiatives require a focus on more than the technology itself. To succeed with a digital transformation strategy, the business must focus on business processes, day-to-day activities and tasks, and the culture within the organization, so that the environment […]
Driving Digital Transformation in the Insurance Industry: Embracing AI-Powered Solutions
The insurance industry has witnessed a significant shift in recent years as technological advancements continue to transform traditional business models. From underwriting to claims management, artificial intelligence (AI) and machine learning have paved the way for innovative solutions that improve efficiency, accuracy, and customer satisfaction. One such breakthrough is the emergence of AI-powered solutions such […]
Why CIOs Should Invest in Business Automation
In an increasingly challenging economic environment, it’s essential that chief information officers (CIOs) take a thoughtful approach to investing capital. The 2023 Gartner® CIO and Technology Executive Survey found that more than half of digital initiatives lag behind leadership expectations, with 59% reporting the initiatives take too long to complete and 52% reporting the initiatives take too […]
Unlocking Emissions Reduction Performance Through Technology and Data
As businesses come to terms with climate change and its implications, they must develop ways to measure their impact on the climate and the environment. And while business stakeholders want to understand how corporate operations contribute to climate change, they also want assurances that companies have developed plans for climate change adaptation, especially emissions reduction. […]
For Successful Transformations, CIOs Must Evolve
Our world is hybrid and becoming increasingly digitized – a study from McKinsey suggests that the pandemic accelerated companies’ adoption of digital or digitally enabled products by seven years. The ability to connect with one another like never before is exciting, but those connections don’t come without their challenges. For example, each new device communicating with the […]
The ABCs of Successful Digital Transformation
Modernizing and streamlining company processes to efficiently operate in today’s hybrid world has become critical. With promises of increasing revenue, providing improved experiences, and bringing innovation, it is no wonder that the market for digital transformation (DT) is predicted to grow to $3.4 trillion by 2026. As companies continue their quest toward successful digital transformation, leaders globally […]
The Importance of a Change Management Plan for Digital Transformation
In times of uncertainty in the global business landscape, the organizations that are quick to adapt and respond to change are the ones that survive crises such as the pandemic. In the past five years and especially during the pandemic, global organizations have been under tremendous pressure to adopt digital transformation to survive. The truth is that […]