Transform Partner’s Post

View organization page for Transform Partner

25,624 followers

Achieving #DigitalMaturity: 5 Key Practices   MIT and Deloitte’s1 third annual study of #digitalbusiness reveals five key practices of companies that are developing into more mature digital organizations. Their approaches, which may offer valuable lessons for companies that want to improve their own digital efforts, include:   1. Implementing systemic changes in how they organize and develop workforces, spur workplace #innovation, and cultivate digitally minded cultures and experiences. For example, more than 70% of respondents from digitally maturing companies say their organizations are increasingly organized around cross­functional teams versus only 28% of companies at early stages of digital development.   2. Playing the long game. Their strategic planning horizons are consistently longer than those of less digitally mature organizations, with nearly 30% looking out five years or more versus only 13% for the least digitally mature organizations. Their digital strategies focus on both technology and core business capabilities.   3. Scaling small digital experiments into enterprise-wide initiatives that have business impact. At digitally maturing entities, small “i” innovations or experiments typically lead to more big “I” innovations than at other organizations. Digitally maturing organizations are more than twice as likely as companies at the early stages of digital development to drive both small, iterative experiments and enterprise­wide initiatives rather than mainly experiments. Digitally maturing organizations also can be shrewd and disciplined in figuring out how to fund these endeavors and keep them from languishing in the face of more immediate investment needs.   4. Becoming talent magnets. Employees and executives are highly inclined to jump ship if they feel they don’t have opportunities to develop #digitalskills. For example, VP level executives without sufficient digital opportunities are 15 times more likely to want to leave within a year than are those with satisfying digital challenges. Digitally maturing organizations typically understand the need for and place a premium on attracting and developing digital talent. Their development efforts often go far beyond traditional training. These businesses create compelling environments for achieving career growth ambitions.   5. Securing leaders with the vision necessary to lead a digital strategy, and a willingness to commit resources to achieve this vision. These leaders are more likely to have articulated a compelling ambition for what their digital businesses can be and define digital initiatives as core components to achieving their business strategy. A larger percentage of digitally maturing companies are also planning to increase their digital investment compared to their less digitally mature counterparts, which threatens to widen an already large gap in the level of digital success. #TransformPartner – Your #DigitalTransformation Consultancy

Raj Grover

Designing Value Driven People Centric Digital Transformation Strategies and Roadmap

1y

“#DigitalTransformation is a user focused business transformation. Its purpose is to catalyse the brand, efficiency, and people initiatives. Technology functions as the enablers.” - Danny Bluestone, CEO, Cyber Duck   Catalyse your transformation journey. Build your #innovation and digital transformation roadmap with #TransformPartner. Talk to us today.

  • No alternative text description for this image
Danny Ngo

AI Innovation Researcher (Dr.), Digital Transformation for Excellent CX, Agile Change-Management, Entrepreneurs Innovation VC

1y

Drive change wirh innovation business model is importance during this period of time!

Like
Reply
See more comments

To view or add a comment, sign in

Explore topics