Enterprises can increase annual revenue 23% by relying on digital business strategies compared to traditional models, according to IDG. Digital transformation is no longer a luxury; it’s a necessity. This means companies must improve their approach to data and analytics, mobility, cloud computing, and the Internet of Things. Organizations that don’t adjust business processes to all five of these technologies will struggle to compete with counterparts that were quick to adopt a digital-first strategy.
How exactly a company applies a digital-first strategy varies from business to business. IDG found that roughly half of companies are undergoing a digital transformation in order to enable worker productivity, manage business performance through data, and meeting customer experience. For many businesses, transforming across the entire enterprise at once won’t be possible. Choosing the right area and the right partners will be crucial to success. Many companies have relied on traditional technology consulting companies to help them manage this process—partners like Accenture, Deloitte, IBM and PwC have been crucial to helping enterprises make the shift to a digital-first strategy.
In these videos we examine the importance of undergoing a digital transformation. We delve into the best ways to get started and how to ensure long-term success once the business has effectively applied a digital first strategy. We spoke to leaders at organizations such as Kimberly-Clark, Pegasystems, General Electric, and more to provide a comprehensive understanding of what digital transformation means today.