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The Digital Revolution is happening before our very eyes and each business needs to find a way to respond to it. Digital transformation is not an option anymore. It’s a necessity, and for many organizations it might be even a matter of survival. Let's explore what digital transformation means today, why it is so important, what digital transformation project succeeded already, and how you can get started on your digital transformation journey.
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Every transformation a company can go through is hard, but digital transformation seems to be the most challenging. According to McKinsey research, only 16% of digital transformation projects will yield sustainable positive results. Therefore it is crucial to understand what effective approaches have in common to increase your own chances to succeed. Let us show you 4 different digital transformations that fully realized their potential.
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Driving actual innovation in a large enterprise, instead of doing innovation theatre, is hardly a trivial task. So, at Netguru, we’re talking to top experts from various industries to see how they are trying to solve the digital transformation dilemma.
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The future of the banking industry? There will be a more dynamic and personalised way of understanding each individual customer based on data and insights. For instance, we will end up with people getting loans approved depending on the type and value of data they’re holding - says Anneli Bartholdy, Strategic Partner at Nordea.
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Is there a one-size-fits-all approach for successful digital transformation? Hardly. But there are some key ingredients that we keep hearing in interviews with C-level executives and managers. Among them: high risk acceptance, a high degree of autonomy, and empowered decision-making.
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Banks need to transform their infrastructure. But they also must invest in people and build frameworks that enable empowered decision-making. Digital transformation doesn't stop at "digital", says Rita Waite, who, after spending 4 years as a corporate venture investor in the US, joined Millennium bcp, the largest private bank in Portugal.
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On his way to make a dent in the pharma galaxy (...) brutally honest leadership style (...) persistent confidence in employees to create value with guidance instead of instructions (...) excellent diplomat with a conscious bulldog attitude.
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Today, one of the key factors driving digital transformation is the need to quickly adapt to the changing market landscape and customers’ needs. But what makes a digital transformation successful? How to drive actual innovation instead of acting out an “innovation theatre”?
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Years ago, it was perfectly plausible for a company to have a great product, a persuasive marketing team, and ride high in its industry without fear of being toppled by a younger, smaller rival. In the digital era, however, new technologies are rapidly changing the business landscape, and organizations are turning to digital transformation as they look for ways to remain competitive.
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Mobile applications are a source of information, knowledge, and entertainment. We always have them with us and we can use them at any time to obtain relevant information. That is why enterprises can speed up their flow of information and fuel business growth with them.
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