The Capabilities Framework for Digital Acceleration
At its core, as outlined by McKinsey, the likelihood of transformation success increases threefold when the entire organisation is focused on the right priorities, thoughtfully challenging the status quo, reinventing its business model, and creating a culture that is nimble, embraces cross-enterprise collaboration, and does so with speed.
In context, the rapid acceleration and adoption of technology-led transformations requires a comprehensive alignment of your organization's capabilities. The types of sustainable innovations your organization can and cannot implement successfully depend not only on your technological prowess but also on five additional factors in its capabilities framework.
Technology-savvy business users are the backbone of any digital acceleration program. They don't necessarily need to code or configure systems, but they should understand, own and evangelize the impact of technology on value creation.
You need to use this opportunity to push business to fundamentally reinvent their business model. If a digital acceleration program is built on legacy processes without considering the opportunity to optimize or improve them, the value creation will be shortsighted and won't yield sustainable benefits.
A digital-first mindset is critical for the success of digital programs. This mindset encourages embracing new technologies and being open to change, which is a key driver of digital acceleration.
Experimentation is now both a necessity and an expectation. Additionally, adopting agile ways of working to create products and release them quickly allows for continuous improvement based on user feedback, which is crucial for the success of any digital product in the acceleration mode.
Last but not least, effectively leveraging data to uncover trouble spots and opportunities, while developing robust data management capabilities and promoting a data-driven culture, can significantly increase the effectiveness of your digital acceleration programs.
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Card Product and Process Management
3 个月Very helpful! I couldn’t agree more . Selecting the top priorities and identifying which of them are the most appropriate for the organization are the keys for success. Clear understanding of roadmap is essential for the best outcomes.
Human Resources
3 个月Insightful article. It is critical to lead and manage the disruption though.
Chief Technology Officer, CDMP Master
3 个月I couldn't agree more. Losing focus and constantly jumping between initiatives is a recipe for failure. It's essential to maintain a clear, prioritized roadmap to ensure successful implementation and sustainable progress.