The hardest part of a successful digital transformation is the cultural piece. Like the proverbial journey of a thousand miles, it begins with small steps.
McKinsey’sRewireddistills the lessons from successful digital and AI transformations so companies can build... Video Digital transformation to achieve operational excellence March 8, 2023- Using principles of operational excellence, empowering workforces, and adding digital processes to production can...
According to McKinsey & Company, only30%of transformations succeed due to a lack of focus on change management. This highlights the importance of employee buy-in and training during digital transformation initiatives. A study by Everest Group found that73% of companies fail to capture any business...
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...
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...
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...
Digital Transformation in Insurance (Challenges, Examples) How to Create ERP Sandbox Environments Sign up for the Whatfix blog Join 300,000+ monthly readers learning how to drive software adoption by signing up to receive the latest best practices and resources. ...
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...
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...
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 ...