How to Accelerate Digital
The pandemic has forced organizations to jump-start their adoption of digital technologies. Now the task is to embed their digital approaches.
#HowtobyBCG
Are You at Risk of Being Left Behind?
While executives recognize the importance of digitalization, not all organizations will be successful in their transformations.
75%
Executives who say
the pandemic has upped the need for digital transformation
80%
Companies that say digital transformation is a strategic necessity
29%
Managers who say their organizations
are leaders in digital transformation
30%
Transformations that meet their goals
The pandemic has highlighted the need for digital transformation, but organizations also need to move fast and go deep.
IT’S GO TIME FOR
DIGITAL TRANSFORMATION
A Faster, Simpler Approach
Many transformations get stuck in the pilot phase because leaders are wary of replacing legacy systems. But BCG's research shows that a digital transformation is not only possible without major system upgrades but also less costly and faster to implement, generating more value.
1/2
COST
1/2
TIME
2x
VALUE
How is this possible?
BCG's new approach liberates data from legacy systems. It uses technology stacks with simple interfaces. And it shrinks development time from months to weeks.
But this new approach requires new capabilities and collaborative ways of working. It also merges organization strategy with technology strategy. The results? The bionic company.
Hear more from Karalee Close on making better business decisions by leveraging the combined strengths of humans and artificial intelligence.
SCALE FASTER WITH DATA AND DIGITAL PLATFORMS
The Secret Ingredients of Success
When implementing digital technologies, more then two-thirds of an initiative's success depends on people and processes. Artifical intelligence is a case in point.
20%
10%
70%
Human + AI
People and processes
What must leaders do to transform their companies into bionic organizations in the post-pandemic world?
• Rethink the art of the possible
• Move from managing to enabling
• Harness the full power of technology
• Translate purpose into action
A LOT WILL CHANGE—
SO MUST LEADERSHIP
Adapt hybrid working models
Liberate your data
Focus on the customer
Create a learn-it-all culture
Future-proof your technology
1
Adapt hybrid working models
Adapt hybrid working models
Companies expect hybrid working models to persist. It's time to make these models scalable.
HYBRID WORK IS THE NEW REMOTE WORK
Liberate your data
2
Liberate your data
Businesses, not IT, should own data. This requires data to be separate from legacy systems.
GOOD DATA STARTS WITH GREAT GOVERNANCE
Focus on the customer
3
Focus on the
customer
Businesses exist to serve customers. Human-centered design is a powerful way to understand evolving behaviors, and preferences.
HUMAN-CENTERED DESIGN IS MORE IMPORTANT THAN EVER
Create a learn-it-all culture
4
Create a learn-it-all culture
Learning must be embedded in the corporate culture so that people learn how to learn and can continue to adapt.
WHY YOU NEED A NEW APPROACH TO LEARNING
Future-proof your technology
5
Future-proof your technology
Farsighted companies focus on outcomes that matter, new ways of working, and savvy use of digital and technology.
IS YOUR TECHNOLOGY READY FOR THE NEW DIGITAL REALITY
Accelerating Digital
With hybrid working models widespread and digital customer engagement on the rise, the time is ripe to accelerate digital. Here are five building blocks that help organizations move from ad hoc arrangements to scalable operating models.
In the new reality that is reshaping markets, industries, and customer interactions, accelerating digital is vital to survive and thrive.
EXPLORE MORE ON LEADING IN THE NEW REALITY
What is your digital maturity?
BCG'S DIGITAL ACCELERATION INDEX
Do you have a plan to build digital capabilities?
OWN YOUR DIGITAL FUTURE
The pandemic has highlighted the need for digital transformation, but organizations still need to move faster and deeper.
IT’S GO TIME FOR
DIGITAL TRANSFORMATION
REALITY
ASPIRATION
REALITY
ASPIRATION
Source: "The Digital Path to Business Resilience."
Source: "Digital Acceleration Is Just a Dream Without a New Approach to Tech."
Source: "It's Go Time for Digital Transformation.”
Source: "The Evolving State of Digital Transformation."
IT’S GO TIME FOR
DIGITAL TRANSFORMATION
IT’S GO TIME FOR
DIGITAL TRANSFORMATION
SCALE FASTER WITH DATA AND DIGITAL PLATFORMS
A LOT WILL CHANGE—
SO MUST LEADERSHIP
EXPLORE MORE ON LEADING IN THE NEW REALITY
1
2
3
4
5
Explore more topics in the How to by BCG collection
How to Lead in the New Reality
How to Future-Proof Your Workforce
How to Harness the Power of Purpose
How to Future-Proof Your Workforce
How to Protect Your Workforce During the COVID-19 Pandemic
How to Protect Your Workforce During the COVID-19 Pandemic
How to Lead in the New Reality
#HowtobyBCG
How to Harness the Power of Purpose
BCG'S DIGITAL ACCELERATION INDEX
OWN YOUR DIGITAL FUTURE
Download the five steps
Data and technology
AI algorithims
Data and technology
AI algorithims
Adapt hybrid working models
Liberate your data
Focus on the customer
Create a learn-it-all culture
Future-proof your technology
Platforms and People Drive Transformation
