Fashion’s digital transformation: Now or never May 6, 2020 | Article Antonio Gonzalo Holger Harreis Carlos Sanchez Altable Cyrielle Villepelet Some apparel, fashion, and luxury companies won’t survive the current crisis; others will emerge better positioned for the future. Much will depend on...
“It is ‘show me the money’ time for digital transformations,” says McKinsey senior partner Rodney Zemmel.“To succeed in a digital transformation, it needs to be a CEO agenda item.”As we’ll show, successful digital transformations hinge less on how companies use digital and more on ...
According to IDC, global spending on digital transformation is forecasted to reach $3.4 Trillion in 2026, with a five-year compound annual growth rate (CAGR) of 16.3%. A survey conducted by McKinsey found that 70% of digital transformations still need to reach their objectives. However, on av...
and an environmental impact that has become unjustifiable in today’s world. McKinsey Global Institutereportsa global productivity gap of $1.2 trillion, which can be mitigated simply by improving the performance of the industry. The industry is snapping into action: Investing in new ways of working...
Here’s the kicker: McKinsey says AI tech could create$4.4 trillion of valuein marketing and sales worldwide. That’s serious cash. 1.Jasper AI Jasper AI has come a long way since its early days as a simple writing tool. In 2025, it’s now a full-fledged marketing copilot that does...
But in reality, digital marketing is a tough challenge since many businesses know how vital digital and mobile channels are today for acquiring and retaining customers. Yet the research shared below shows that many businesses don't have an integrated plan to support...
With the next normal, industries can no longer treat digital transformation as a process or goal — but as a requirement shaping how they can endure the new era. Adopting Digital Solutions According to McKinsey, businesses must do four things to thrive in the next normal. One of the...
For instance, a McKinsey report from 2020 highlighted that digitizing these operations could potentially add $250 billion in value to upstream oil and gas activities by 2030. This concept encompasses the use of Internet of Things (IoT) devices, data analytics, artificial intelligence (AI), and ...
Real-time visualization and sensitivity analysis are digitally enabled as part of the transformation. In addition to optimizing stress testing directly, banks are also looking for opportunities to harmonize the data, processes, and decision-making models with business planning. We have seen...
McKinsey. How COVID-19 Has Pushed Companies over the Technology Tipping Point—And Transformed Business Forever; McKinsey & Company: New York, NY, USA, 2020. [Google Scholar] OECD. Digital Transformation in the Age of COVID-19: Building Resilience and Bridging Divides, Digital Economy Outlook ...