of all organizations are currently undergoing some kind of digital transformation, according to McKinsey research. “It is ‘show me the money’ time for digital transformations,”saysMcKinsey senior partnerRodney Zemmel. “To succeed in a digital transformation, it needs to be a CEO agenda item....
Digital transformation is the integration of digital technology into all areas of a business, fundamentally changing how you operate and deliver value to customers. It's also a cultural change that requires organizations to continually challenge the stat
Digital transformation can help companies increase customer loyalty, attract talented employees, foster competitive advantage and build business value. McKinsey research found that between 2018-2022, digital leaders achieved about 65% greater annual total shareholder returns than digital “laggards.”1 ...
Digital transformation is more than a technology initiative. Learn more about how to prepare your business and your teams with solid business transformation planning and services.
Digital transformation is more than a technology initiative. Learn more about how to prepare your business and your teams with solid business transformation planning and services.
These trends indicate a significant acceleration in the adoption of new digital technologies. What was once considered to be best-in-class speed for many businesses prior to the pandemic, is now slower than average, according to a Mckinsey study. In addition, many executives surveyed believe that...
[digital-manufacturing twins] first,” says McKinsey senior adviser Will Roper, “willreally shake upthe markets they’re in.”) And finally, by mirroring a product in service, it’s possible to create a single source of truth for how the design is functioning, allowing for real-time ...
And as for digital culture, Gov.uk has a digital transformation strapline Ashley considers as succinct as possible: Digital services so good, people prefer to use them. Maturity frameworks can help Here’s an example. According to McKinsey, execs estimate their organisations are only 25% o...
Case in point: In 2023, global consulting firm McKinsey & Company published the results of itsstudyof 20 digital leaders and 20 digital laggards in the retail banking sector between 2018 and 2022. The study found digital leaders outperformed laggards in several financial metrics, including tot...
Digital transformation: Here's why it matters, what the big trends are, how it impacts you - and why it will never end.