Friday, 20 May 2016

THE NEW DIGITAL AGE: DIGITAL TRANSFORMATION

Individuals and businesses

Social networks and digital devices are being used to engage Government, businesses and civil society, as well as friends and family. At the Same time, businesses are undertaking their own digital transformations, rethinking what customers value most and creating operating models that take advantage of what’s newly possible for competitive differentiation.

The new digital age

In every industry, business leaders realize customer expectations have created tremendous pressure to change the way they set their strategies and run their organizations.

By Saul J. Berman and Ragna Bell

Business leaders have long used information technology to improve productivity and efficiency, reach new markets and optimize supply chains. People everywhere are using social networks to find jobs and restaurants, lost friends and new partners – and, as citizens, to achieve common political goals.

They are using the Internet for entertainment, shopping, socializing and household management.

How can businesses best respond to this shift? How can they take advantage of the opportunity to innovate, differentiate and grow? And how can they do all this cost efficiently, leveraging and optimizing the newest information technologies as part of their overall physical operations? In our analysis of leading companies and our work with clients, we have found that companies with a cohesive strategy for integrating digital and physical elements can successfully transform their business models – and set new directions for entire industries.

#Mkessa Patricia#

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