Please email us at: McKinsey_Website_Accessibility@mckinsey.com Product-driven transformation: From cost to design to analytics-to-value The next level of product transformation not only combines the latest design thinking with multiple sources of data but also exploits sophisticated advanced-analytics methodologies to generate insights about potential cost and value improvements. McKinsey Digital Banking in Asia, (March 2015) 10 Digital Europe: Pushing the Frontier, Capturing the Benefits, McKinsey (2016) ... Digital Transformation for the Retail Banking Industry 6 Top Strategic Digital Imperatives You and your decision-makers have the opportunity – and STRATEGY, NOT TECHNOLOGY, DRIVES DIGITAL TRANSFORMATION • MIT SLOAN MANAGEMENT REVIEW 3 Strategy, not Technology, Drives Digital Transformation MExecutive Summary IT Sloan Management Review and Deloitte’s 1 2015 global study of digital business found that maturing digital businesses are focused on integrating 2025 Digital Transformation Strategy 7 By 2025, what people expect will be dramatically different from today. One example McKinsey pointed to as proof of this is European insurer Axa, which invested €950 million in digital transformation over just two years. Leadership from the top is necessary to overcome the organizational resistance to change that can make a digital transformation difficult. To succeed at digital transformation, McKinsey claims that businesses need several things:. The McKinsey survey found that the COVID-19 pandemic has significantly accelerated the pace of adoption of digital transformation technologies, as well as other speeding up other business changes. Digital transformation isn’t a new imperative for business leaders, but COVID-19 has made it more urgent, with companies looking to enhance their agility, speed, and data-driven decision making. Ok Why digital transformation should be a strategic priority for health insurers. are truly different from digital entrants, many are starting to transform their businesses successfully through digital technology. In 2017, only 15% of survey respondents saw a … From Nestlé to Novartis, from Pearson to PWC, Atos’ 1,800 digital transformation consultants are helping visionary organizations step into a confident digital future. Specifically, • tal transformation on the labor market (Chapter 2). Our research shows that, although large traditional firms . “Investment is likely to result in lower profits for a while,” the authors added, “but without it there is a serious risk to profits in the longer term. Digital transformation is a topic of rich and vital discussion in boardrooms and among executive teams around the world. McKinsey: Digital transformation in healthcare must preserve paper - for now by Veronica Combs in Digital Transformation on September 16, 2019, 10:40 AM PST Design. Digital Transformation Review Twelfth Edition Taking Digital Transformation to the Next Level: Lessons from the Leaders Edited by the Capgemini Research Institute The Capgemini Research Institute is Capgemini’s in-house think tank on all things digital. New skills and resources; The right talent However, research by McKinsey, in its 2014 Global Survey, has shown that digital engagement of customers is a primary motivator for business strategy, with 69% of respondents rating it within the top Why digital transformation should be a strategic priority for health insurers Digital technologies and applications have the potential to markedly enhance a payor’s profits. Following this, we turn to consider a comprehensive yet prioritized list of digi - Digital Transformation Scoreboard 5-0,50 0,00 0,50 1,00 1,50 2,00 F r e q u e n c y o f o b s e r v a t i o n Volume Sentiment These results are based on a Digital Intelligence Platform which measures the ‘digital pulse’ of the interest and acceptance levels of the technologies in Digital technologies and applications have the potential to markedly enhance a payor’s profits. Leaders are embracing it wholeheartedly because they recognize its power. Deliver. Detailed information on the use of cookies on this Site, and how you can decline them, is provided in our cookie policy. Digital transformation is sweeping the business landscape. 50 percent of current work activities are technically autom- ... DIGITAL TRANSFORMATION OF THE WORKFORCE . However, the one common thread in all of these publications is the warning that digital transformation is no longer approaching; it’s already here. See more ideas about digital transformation, digital, strategies. But as companies advance from pilot programs to wide-scale adoption, they often run into an unexpected obstacle: culture clash. McKinsey Global Institute estimates that 14 percent of the global workforce will need to switch occupational categories by 2030 as the world of work is disrupted (McKinsey, 2018)6. Deloitte conducted a digital transformation study to understand how news and media companies use audience data to better engage readers online and drive revenue. McKinsey uses cookies to improve site functionality, provide you with a better browsing experience, and to enable our partners to advertise to you. Das McKinsey Digital Lab in Berlin sowie acht weitere Digital Labs weltweit sind spezialisierte Kompetenzzentren, die Strategieberatung mit Design-, Agile- und Technologieexpertise vereinen. stablished businesses around the world and across a range of sectors are striving to emulate the speed, dynamism, and customer centricity of digital players. By using this Site or clicking on "OK", you consent to the use of cookies. successful digital transformation and show how to assess your firm’s digital maturity. Digital transformation is not a new agenda item for most news and media companies, but it is increasingly important. Our discussion here covers both the shifts in society caused by the new technology and the increasingly accessible nature of the labor market as a result of the digital transformation. 10 Digital transformation for 2020 and beyond Competitive intensity is higher than ever OTT players such as WhatsApp, Facebook and WeChat have redefined the customer experience in messaging and video services, luring traffic away from telco offerings such as SMS. Their digital-transformation efforts can stall for many of the same reasons such efforts are thwarted in other sectors—for instance, a limited understanding of the specific ways that implementation of new technologies across complex product and services lines can create business value, a shortage of native digital talent, and insufficient focus on digital topics from senior leadership. Although digital transformations present a great deal of opportunity, they are also more complex and challenging. De-risk. January 2016 4 World Economic Forum White Paper Digital Transformation of Industries: Logistics 2. 2 . Discover. This Digital Transformation Strategy will guide us on our journey to … B2B DIGITAL TRANSFORMATION IN 2019: MEETING BUYER WANTS AND NEEDS ACROSS CHANNELS ©2019 EMARKETER INC. ALL RIGHTS RESERVED 2 B2B DIGITAL TRANSFORMATION IN 2019: MEETING BUYER WANTS AND NEEDS ACROSS CHANNELS Digital channels have changed the path to purchase for business-to-business (B2B) buyers, meaning B2Bs should be 2 | Digital transformation 3 12 4 14 6 15 8 17 10 18 19 11 Foreword Introduction Key findings Advanced technologies are on the rise across all organizations Advanced technologies bring many benefits The role of the cloud in financial reporting Top challenges to implementing new technologies Advanced technologies are a “must-have” for financial In a BCG survey of more than 5,000 managers and employees, over 80% said that digital was helping them get though the economic slowdown that the pandemic created. Digital transformation consulting – structured, agile and inspiring. Jun 12, 2017 - Go to www.slidebooks.com to Download and Reuse Now a Digital Transformation Strategy & Framework in Powerpoint | Created By ex-McKinsey & Deloitte Strategy Consultants. S-curve model We also identify five key challenges of digital transformation rooted in the seven dimensions. Bain was selected by the World Economic Forum to convene a group of companies engaged in the topic, and, working with more than 40 global executives, to create a new approach to digital transformation. The concern that a lack of vision is a significant obstacle to digital transformation has grown over the last year. 5 In 2013, 6 the Government launched its Digital Strategy, this identified 25 public services to be made ‘digital by default’.7 Several Ethics Digital transformation requires clear policies regarding appropriate data use Figure 2. 1/30/2018 ING’s agile transformation | McKinsey & Company 1/10 Interview January 2017 McKinsey Quarterly E Two senior executives from the global bank describe their recent journey. In this video, McKinsey director Paul Willmott explains how companies can successfully transition to becoming digital … transformation.” Digital transformation is a large topic that can be parsed any num-ber of ways. Agile digital culture hypotheses Figure 3. These are McKinsey & Company’s ‘Four Ds’ of digital transformation outlined in a new report.. With many strategies for overcoming digital transformation, there is truly something for everyone in this list of top 12 books. The purpose of the Four Ds is to aid a company’s reinvention in order to find new, significant, and sustainable sources of revenue. Almarai working with McKinsey and SAP on digital transformation 23 November 2020 Consultancy-me.com Founded in 1977 by the two Irish brothers in collaboration with Prince Sultan bin Mohammed bin Saud Al-Kabir (who is currently the chairman of the board), today Almarai is one of the globe’s largest dairy companies. Supremely pragmatic, this is about making positive change happen: life is not an academic exercise. Basel Kayyali, Steve Kelly, and Executive Summary Our analysis indicates that there is $1.5 trillion1 of value at stake for logistics players and a further $2.4 trillion worth of societal benefits as a result of digital transformation … Recognising how Australians live and work must be absolutely central to how we develop and deliver policy and services. The evolution of digital technology presents opportunities and threats for all businesses. McKinsey & Company. Mehr als 1.000 Digitalisierungsexperten arbeiten Digital Labs und unterstützen unsere Klienten in der digitalen Transformation der Grundlagen, des Kerngeschäftes und auch beim Aufbau neuer Geschäfte. The digital transformation of citizen-facing services was kick-started in 2011 with the creation of the Government Digital Service (GDS). 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