THE WHYs OF DIGITAL TRANSFORMATION
Anyck Turgeon
Digital Transformation, Cyber, Risk & Strategic Leader | GenAI | Agile, Finance & Transformational Coach | Board Member
Harvard studies have shown that the “pandemic has been one of the most powerful agents of change ever.”Since the global shutdown, CBNC reports that 60% of companies that reopened have closed permanently.
In contrast, McKinsey found that the most tech-forward?#businesses?had 1.8x growth.?These are just some of the thousands of statistics available to reveal this revolutionary global change.?Yet, as the market rules change, companies face?#corporatesuicide?or?#digitalbusinesstransformation.
WHY?#DIGITALADOPTION?NOW?
As reported by the World Economic Forum, the pandemic has given birth to an unprecedented amount of new global risks, including:
- continued health challenges,
- complex practices and costs,
- the rise of a mental health crisis era,
- unemployment,
- persistent and emerging risks,
- widening digital divides,
- youth disillusionment and
- geopolitical fragmentation.
TOP 3 BENEFITS OF DIGITAL TRANSFORMATION
Once at the center of a digital platform, organizations can leverage new, multiplied and diversified sources of income. For example, you can:
- boost revenues and corporate valuation through?#datamonetization
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- reduce costs through risk transfer and no storefront
- deliver faster via distributed decision making and a well-oiled supply chain.
As such, Amazon became a global digital shopping mall.?As opposed to yesterday's shopping malls, Amazon provides immediate, tailored options. Customers?benefit from?a broader range of purchasing options, satisfying their immediate needs. Further, they can get delivery for free at the time and location of their choosing. Amazon invested in artificial intelligence instead of storefront, sales staff and inventory. The result: immense benefits that its clientele loves.
3 QUESTIONS ALL BOARD MEMBERS, INVESTORS AND EMPLOYEES SHOULD ASK CORPORATE EXECUTIVES:
-????????What is the digital transformation state of your organization?
-????????What are you doing to speed up your digital transformation?
-????????What type of unique digital provider is your organization becoming?
IN SUMMARY
The pandemic is the event that is finally propelling our growth exponentially.?Engaging in digital transformation is a must now for all businesses globally.?Start seeking knowledge on this topic and inquire about corporate digital transformation plans as we all need to become business mavericks and digital transformers.
THE DIGITAL TRANSFORMATION SERIES
As the #digitalrevolution is so critical, I have been investing lots of resources over the last decades and am pursuing advanced applications and knowledge at MIT to find the truth on this topic.?
YOUR CALL TO ACTION:
Please assist me grow by making constructive recommendations (like mention topics you would like to learn about or reach out for speaking opportunities.)?Thank you in advance for your collaboration: it is the way towards our exponential growth future!
For more information on how corporate executives can get there?expediently, visit:?https://lnkd.in/gcvtwRKA.
Chief Marketing Officer | Product MVP Expert | Cyber Security Enthusiast | @ GITEX DUBAI in October
1 年Anyck, thanks for sharing!