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Here, we discuss some of the top companies that have undertaken Digital Transformation and succeeded in their respective industries.
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3. “80% of leading companies say
digital transformation has
increased profitability”
4. Digital Transformation: An Introduction
• The profound transformation of businesses and the organizational activities,
processes and models for fully leveraging the changes and opportunities
regarding a mix of digital technologies and accelerating their impact across
the society in a way that is more strategic and prioritized by keeping in mind
the present and the future
• A digital transformation strategy aims towards creating the capabilities of
fully leveraging the possibilities and opportunities of newer technologies and
their impact towards a faster, better and in a more innovative way in the
future
5. Benefits to an Organization
• At this constantly changing pace, the intersection of technology, humankind
and businesses in industries will definitely help towards creating a better and
a more connected ecosystem
• The timing and pace of digital transformation is the essence and actions that
the businesses take today, by transforming their IT, workforce and security
domains and preparing them well for the future
• The businesses today need to reimage their business models for staying
agile, resonating better with customers and also most importantly staying
competitive in the respective industries
6. Key Facts on Benefits
• 90% of the companies have claimed that the main benefit of digital transformation is the
increase in the productivity of the employees
• 77% of the managers in IT believe that digital transformation helps in increasing the
customer satisfaction
• 81% the companies have said that digital maturity efforts have helped in differentiating their
companies
• 41% of the leaders have said that they’ve witnessed an increase in the market share due to
efforts under digital transformation
• 37% of the companies said that digital transformation has created a positive impact on the
employee morale
• 33% of the companies said the efforts in digital transformation has helped in making a strong
progress towards creation of new sales channel
• 25% of the companies said, it has helped them to make strong progress in accelerating the
product development
7. Barriers
• Some of the barriers that are faced by firms in order to have a digital
transformation could include the following-
i. Data privacy and cybersecurity
ii. Lack of right set of in-house skill sets
iii. Changes in regulations or legislatives
iv. Weak digital governances
9. • Apple creates its own hardware and software components, in order to make a
perfectly engineered combination
• iCloud plays a key role in improving the integration between the desktop, iOS
and cloud version of the apps, such that the users on different platforms can
collaborate in real time
• All the Apple devices are equipped with the best security mechanisms ranging
from the system level security including Touch ID to AES-256 bit hardware
encryption for data at rest state to a VPN when the data is in motion
• The MDM or Mobile Device Management is designed to provide security to
company data along with end-user privacy
• The major advantage of iOS is that the updates are quick, easy as well as user-
centric in nature
• Apple has also partnered with Deloitte, SAP, Cisco and IBM in order to develop an
integrated suite of solutions
11. • Over the years, Dominos has undertaken a large number of steps
towards digital transformation
• It introduced the ordering of food through any computing device used
by the customers (mobile, smartphone etc.)
• Features such as pizza tracker helps the customers to get an idea of
their order status
• Placing ordering through social media channels is still a challenge
• Dominos partnered with Amazon to provide the customers with option
of ordering food through its own voice command assistant, Alexa
13. • General Electronics has undergone several changes since its establishment
130 years ago
• One of the most successful iteration included the introduction of 3D
printing in the production line
• In 2015, the company began to use additives in order to create fuel nozzles
• They created 3D printed nozzles were for passenger jet engines produced
by themselves only
• The 3D printed nozzles proved to be 5 times stronger than the traditionally
manufactured counterparts and these can withstand up-to temperatures
1600C
• 8000 orders valued at $80 bn shortly post their launch
15. • Pfizer has collaborated with IBM In order to launch a cutting edge
research project that delves into the Parkinson’s disease
• Through the means of IBM’s machine learning capabilities, this
pharmaceutical firm plans to roll out a system of sensors and
mobile devices in order to provide the doctors and researchers
with critical disease symptom in real-time for finding valuable
connections between the symports and other related clinical
data
16. Annual Revenue of GE
IBM Joins Hands with Pfizer for Health Services
17. • Walmart has teamed up with Amazon for providing changes in online
return policies, making things easier for the consumers
• Also it offers the lowest prices for promoting the fact that the
customers need not to have an online membership for placing orders
• The Walmart Mobile App has continued to improve the customer
experience
• The latest update allows the users to calculate the total cost, including
the sales tax on the shopping before-hand
• Once the customer enters the store, he can interact with app’s store
assistant which guides him to items on the list through the means of a
map