https://www.mckinsey.com/featured-insights/mckinsey-explainers/what-is-digital-transformation
Digital transformation is the fundamental rewiring of how an organization operates. The goal of a digital transformation, as outlined in the new McKinsey book Rewired: A McKinsey Guide to Outcompeting in the Age of Digital and AI (Wiley, June 20, 2023), should be to build a competitive advantage by continuously deploying tech at scale to improve customer experience and lower costs.

https://hbr.org/2022/01/the-4-pillars-of-successful-digital-transformations
The authors outline four pillars of digital transformation: IT uplift, digitizing operations, digital marketing, and new ventures. Which pillar is the right starting point for your company depends

https://www.accenture.com/us-en/insights/digital-transformation-index
Digitalization is the use of digital technologies to change business processes and projects—such as skilling employees to use new software platforms designed to help launch products faster. While digital transformation might include digitalization efforts, it goes beyond the project level and affects the entire organization. For most

https://hbr.org/2022/09/3-stages-of-a-successful-digital-transformation
3 Stages of a Successful Digital Transformation. by. Didier Bonnet. September 20, 2022. Illustration: Daniel Lievano. Save. Summary. The most under-appreciated reason that digital transformations

https://www.ibm.com/topics/digital-transformation
Digital transformation is a strategic initiative that incorporates digital technology across all areas of an organization. It evaluates and modernizes an organization's processes, products, operations and technology stack to enable continual, rapid, customer-driven innovation. Today customers expect to be able to conduct their business, do

https://www.coursera.org/articles/digital-transformation
The goal is to make the digital transformation journey seamless and efficient. Beyond implementing new technologies to support your employees and customers better, true transformation requires a company culture that is open to embracing change, experimentation, and failure. The success of digital transformation in an organization relies on

https://www.mckinsey.com/capabilities/people-and-organizational-performance/our-insights/unlocking-success-in-digital-transformations
Our research points to a set of factors that might improve the chances of a transformation succeeding (see sidebar, "Twenty-one keys to success"). 3 The survey tested for best practices in a digital transformation by using different types and structures of questions. To make commensurate comparisons of each practice's impact on the likelihood of transformation success, Total Unduplicated

https://imaginovation.net/blog/stages-of-digital-transformation/
Digital transformation takes time - It is not an overnight thing. It has different stages, each essential for a successful digital future. Here are the six essential stages of digital transformation you'll need to navigate through your digital transformation journey. 1. Traditional Processes and Business as Usual

https://www.mckinsey.com/featured-insights/themes/a-manual-for-digital-transformations-that-work
A manual for digital transformations that work. June 24, 2023 Digital and AI are fundamentally reshaping how we work and live. Businesses understand this, but most of them are struggling with the "how"—how to build these capabilities successfully and ensure that they work together across the enterprise. McKinsey senior partners , , and

https://hbr.org/2021/11/the-essential-components-of-digital-transformation
The Essential Components of Digital Transformation. by. Tomas Chamorro-Premuzic. November 23, 2021. rubberball/Getty Images. Summary. It's problematic when companies decide to embark on a

https://www.forbes.com/sites/forbestechcouncil/2019/03/06/the-digital-transformation-journey-what-it-means-and-how-it-looks/
The Digital Transformation Journey: What It Means And How It Looks. There is infinite wisdom in the phrase "life is a journey, not a destination." And the wisdom of this metaphor has been

https://www.techtarget.com/searchcio/feature/7-steps-to-a-successful-digital-transformation-journey
In this video, Boaz and Polin discuss an evolutionary versus revolutionary business transition approach. They also cover ServiceNow's seven steps to a successful digital transformation journey, including identifying business outcomes, establishing key performance indicators, measuring a company's level of process maturity, tracking progress and

https://www.gartner.com/en/information-technology/topics/digital-transformation
Best practices based on the experience of thousands of organizations across industries and sectors. The sequence of objectives and desired outcomes. Five key phases of transformation: Ambition, design, deliver, scale and refine. Also scroll down for instant insights on targeting digital transformation vs. digital optimization, digital strategy

https://digitaldirections.com/digital-transformation-journey/
A Digital Transformation Journey is Ongoing. Digital transformation is an ongoing journey, not a destination. Even after you have completed your initial transformation, there will always be room for improvement. Don't allow your organization to become complacent after a successful digital transformation.

https://www.forbes.com/sites/forbestechcouncil/2022/10/25/navigating-the-digital-transformation-journey/
Transformation is a term that carries a lot of baggage. Transformation isn't achieved simply by introducing a new tool or data set. It's a journey that requires shared vision, clear alignment

https://www.cloudbolt.io/blog/digital-transformation-journey-why-where-and-how/
The term "digital transformation" refers to the process of adopting digital technologies. A digital transformation strategy can help organizations achieve several objectives, including: Improve business processes and productivity across the organization. Deliver better user experience and employee engagement. Manage business risks.

https://www.forbes.com/sites/crowe/2022/10/03/charting-your-digital-transformation-journey/
Starting a digital transformation journey. At the outset, leaders need to contemplate the underlying purpose and goals of their digital transformation journey. Whether the goal is to incorporate

https://www.jabil.com/blog/how-to-begin-digital-transformation-journey.html
Before you embark on the digital transformation journey, let us explore why this may be important. Companies are in a constant cycle of creating value, monetizing value and defending value. While the cycle keeps repeating itself, the way a company goes about this cycle changes over time. Consider the example of value creation in the movie industry.

https://www.sciencedirect.com/science/article/pii/S0148296322000480
1. Introduction. New digital technologies have fundamentally disrupted markets, altered customers' preferences and expectations, and changed work structures and employment arrangements (Hanelt et al., 2021).Consequently, many companies striving to reposition themselves have undergone an organization-wide digital transformation (DT), involving changes in strategy, business model

https://www.imd.org/research-knowledge/leadership/articles/transformation-co-creating-successful-journeys/
Transformation leads to a different state of being for a company. The metaphor of a caterpillar becoming a butterfly encapsulates a transformation process. However, transformation is not an event. It is a journey that is designed to achieve high impact at two levels - individual and organizational. Transformation journeys start with a

https://www.mckinsey.com/featured-insights/themes/how-top-performing-companies-approach-digital-transformation
March 23, 2024 While organizations have made massive tech-driven changes over the past two years, they have captured much less value than they initially expected: 89 percent of large companies globally have a digital and AI transformation journey underway, but they've captured only 31 percent of expected revenue lift and 25 percent of expected cost savings, write McKinsey's Kate Smaje and

https://podcasts.apple.com/us/podcast/the-tech-transformation/id1716374121?i=1000649841637
Join Stuart Walters from Parcel2Go and James Locker from AND Digital as they share a personal journey of digital transformation. In this podcast episode, Stuart shares the ups and downs of integrating technology into the company amidst the challenges of the pandemic. From scaling databases to fostering a collaborative work culture, Stuart's

https://www.cio.com/article/2152071/tivit-providing-an-extensive-portfolio-for-any-digital-transformation-journey.html
"As a Brazilian multinational company with a strong presence throughout Latin America - including facilities and offices in Argentina, Chile, Columbia, Ecuador, Panama, Paraguay, Peru, and

https://creately.com/guides/digital-customer-journey/
A well-mapped digital journey ensures a consistent experience across all channels. Cost Efficiency: Digital interactions can be cheaper than traditional methods. Optimizing the digital journey reduces costs while maintaining quality. Scalability: Digital platforms can easily grow to reach more customers without sacrificing service quality. As

https://www.businesswire.com/news/home/20240429443813/en/Revolutionizing-Thrills-Six-Flags-Sets-New-Standards-in-a-Digital-Transformation-Overhaul-to-Elevate-the-Guest-Experience/
The technology enhancements are spearheaded by The Digital Alliance, a first of its kind in the theme park industry that brings together best-in-class companies to identify the best solutions for

https://amadeus.com/en/newsroom/press-releases/khimji-house-of-travel-accelerates-its-digital-transformation
Cashio Vettom, General Manager of Khimji's House of Travel, said: "One of the pillars of our success has been an unwavering focus on digital transformation and innovation. We have developed state-of-the-art service platforms with the support and expertise of Amadeus - a pioneer of the global travel industry.

https://www.mckinsey.com/industries/financial-services/our-insights/a-roadmap-for-a-digital-transformation
3. Secure investment. Digital transformation is likely to require significant investment. European insurer Axa, for example, invested €950 million over just two years. Our experience suggests that in IT alone, companies with outdated systems might need to double their current spending over a five-year period.

https://www.themandarin.com.au/248706-unlocking-potential-accelerating-government-transformation-with-intelligent-automation/
The beginning of the transformation journey. Legacy systems can be glacially slow to evolve - an attribute that is in direct conflict with the needs of citizens and the agencies that serve them. ... Speaking at the Forum, the CEO of the Digital Transformation Agency Chris Fechner described how Australia had already demonstrated success in

https://www.msn.com/en-za/news/other/mpilotech-becomes-an-aws-select-partner-accelerating-africa-s-cloud-transformation/ar-BB1oP6dp
This partnership comes as a pivotal moment in Africa's journey towards becoming a major player in the global digital economy. ... commitment to being a part of Africa's transformation story

https://www.mckinsey.com/capabilities/mckinsey-digital/our-insights/digital-transformation-the-three-steps-to-success
Three steps for getting a digital transformation on track Any change process starts with an awareness that there's an issue in the organization. There are many ways to address those issues, but the "softer" things that signal change, such as altering the language used, are important.