Post by carol2 on Mar 30, 2024 7:45:25 GMT -5
Some companies like Nike are really making a big headway in this area. There are new technologies appearing on the scene such as AI, IoT and others, which are fairly complex. So, the difficulty of creating value out of these has increased tremendously, and therefore, what we see is a polarization of companies that have mastered digital transformation and are continuing to adopt and experiment with this technology very effectively. Then, there are companies that are still struggling with the basics, which may not just be technological issues but are often organizational. Progress has been made since 2014 due to all the work that’s done on customer engagement, customer data, experience, and design.
Also, what we find is that a lot less progress France Email List has been made in operations because operations are much more complex. Today, with an IoT application, if you’re looking at doing predictive maintenance, for instance, you’re talking about a mind-boggling application from the data capture to data transports, data communication layer and then the analytics, which is extremely complex to put into place. Business models were the third pillar that we discussed in our book. So, in this regard, to implement a digital transformation program, a company has to deviate from the normal day to day work because its existing business model is still producing revenues and profits. It’s how one orchestrates keeping an eye on making today work and at the same time, building the business model of tomorrow; but very few companies are able to do that.
The second reason concerns all this talk about small startups taking over big companies and destroying entire sectors. I think if you have a look at sectors like Fintech or Martech, it is chunks of businesses that are being attacked. But this opposition of startups versus big companies is a wrong way to look at the problem. In fact, most large companies that are successful, have built a very effective ecosystem of partners including startups, which they know how to use. In Leading Digital, you provided quite a few digital transformation methodologies for companies.
Also, what we find is that a lot less progress France Email List has been made in operations because operations are much more complex. Today, with an IoT application, if you’re looking at doing predictive maintenance, for instance, you’re talking about a mind-boggling application from the data capture to data transports, data communication layer and then the analytics, which is extremely complex to put into place. Business models were the third pillar that we discussed in our book. So, in this regard, to implement a digital transformation program, a company has to deviate from the normal day to day work because its existing business model is still producing revenues and profits. It’s how one orchestrates keeping an eye on making today work and at the same time, building the business model of tomorrow; but very few companies are able to do that.
The second reason concerns all this talk about small startups taking over big companies and destroying entire sectors. I think if you have a look at sectors like Fintech or Martech, it is chunks of businesses that are being attacked. But this opposition of startups versus big companies is a wrong way to look at the problem. In fact, most large companies that are successful, have built a very effective ecosystem of partners including startups, which they know how to use. In Leading Digital, you provided quite a few digital transformation methodologies for companies.