Digital Business transformation augments the value creation processes of today’s leading organizations. A successful transformation begins by identifying where and how digital technologies, and the resulting data, can be applied to optimize key business processes, uncover new monetization opportunities and create a more compelling customer experience Source: Digital Business Transformation Framework
StubHub When CIO Marty Boos joined StubHub five-plus years ago the ticket retailer’s infrastructure was struggling to handle the sheer volume of a business that processes thousands of ticket transactions daily for concerts and sporting events. Leveraging Linux servers and technology from VMware, Akamai and Oracle, Boos built a private cloud that scales elastically. To better support global transactions in the wake of StubHub’s purchase of Ticketbis, Boos is close to picking a public cloud vendor to process payments locally in 44 countries worldwide. “We’re going to use that to get the transaction closer to the consumer,” Boos says. The private but soon-to-be hybrid cloud
Everybody knows someone who has a stack of 3½-inch floppies in a desk drawer “just in case we may need them someday.” While that might be amusing, the truth is that relatively few people are confident that they’re making satisfactory progress on their digital journey. The boundaries between the digital and physical worlds continue to blur — with profound implications for the way we do business. Virtually every industry and every enterprise feels the effects of this ongoing digital transformation, whether from its own initiative or due to pressure from competitors. What is digital transformation? It’s the wholesale reimagining and reinvention of how businesses operate,
“Agile, flexible IT is the key to a successful digital transformation. That means the right mix of on-premises and public cloud, and managed infrastructure,” says Rick Einhorn, worldwide vice president, data center consulting, part of HPE Pointnext, Hewlett Packard Enterprise’s newly branded services arm. The digital imperative has gained urgency. HPE studies show that more than 67 percent of technology leaders surveyed at Forbes Global 2000 enterprises expected their top initiatives to be related to digital transformation. By 2018, these companies will have digital transformation at the core of their IT strategy. https://www.technologyreview.com/s/603990/a-field-guide-to-digital-transformation/
Here are 10 business models behind digital disruption, as covered by Jo Caudron and Dado Van Peteghem in their book Digital Transformation, and 7 strategies to respond to disruptors if you are getting disrupted, as enumerated by IMD’s Professor Michael Wade, co-director of the IMD Leading Digital Business Transformation course.
For the past several years, digital transformation has been a constant topic of focus in the business community. Much has been written about the risks of digital disruption and the need for digital transformation in the world of digital platforms. But what does digital transformation really mean—and why do so many companies fail to achieve their goals? One of the main problems is that there are actually two types of digital transformation: linear and exponential. Most companies want the results of the exponential transformation, but focus instead on the linear transformation, which is easier to understand and implement. So what differentiates linear and exponential transformation?
We have found that for companies to build value and provide compelling customer experiences at lower cost, they need to commit to a next-generation operating model. This operating model is a new way of running the organization that combines digital technologies and operations capabilities in an integrated, well-sequenced way to achieve step-change improvements in revenue, customer experience, and cost. Link http://www.mckinsey.com/business-functions/digital-mckinsey/our-insights/the-next-generation-operating-model-for-the-digital-world
Korn Ferry research has identified five impacts of digitization with various degrees of risk and value creation: cost reduction, customer/employees experience, product/technology innovation, employees empowerment and networks activation, and new business models. The less digitally mature organizations see digitization as an extension of their current business: how to be more efficient and enhance clients’ and employees’ experience. More digitally mature organizations leverage their assets to develop new technologies, fundamentally rethink their relationships with clients and employees (e.g., active networks), and build disruptive business models. The development of Amazon.com from a low cost online bookstore to an open digital Web, logistics and retail marketplace illustrates these
Digital transformation is changing the way Indian enterprises conduct their business and create a great experience for their customers. The anxiety around digital disruption is that it is happening everywhere. The reality is that it will change entire industries for the better. http://cio.economictimes.indiatimes.com/hpedigitaltransformation/news/detail/1108