Digital Transformation will often fail with the existing culture. We will put greater emphasis on making our existing stores even better and taking the opportunity to renew and reinvent our business in a way that is inspired by our history, culture and values. They’re awkward and expensive, demanding complex, high-speed interactions between internal functions and major suppliers. The impact of digital transformation in the insurance industry is similar to our other examples in that consumer expectations are driving change. In this post, we’ll review 5 digital transformation examples from industrial enterprises making big changes and seeing incredible results. Every organisation needs to manage the challenges of digital transformation. Get in touch: www.modernwaysofworking.com/contact. This category only includes cookies that ensures basic functionalities and security features of the website. Necessary cookies are absolutely essential for the website to function properly. So digital transformation is proving to be a challenging journey; however, if delivered and planned correctly, can prove to provide sustainable growth for an organisation. Typically, the future of the business depends on their success. As this becomes our reality, for CEO’s understanding how these new technologies fit into business operations is sometimes tricky to envision. Like Nike’s membership app, McDonald’s too are focusing on consumer loyalty. Engaging employees. Helping organisations like United Airlines, KPMG and BNP Paribas, to name a few with their digital and business transformation IBM can deliver the results of a successful business transformation programme. McDonalds offers a new shopping experience to it’s customers adding value by offering personalised service. Events like Mother’s day were taken advantage of by using digital and generating over 1.1m views for their mothers day video, across a range of digital channels. As customer behaviours change rapidly, we are investing and developing our business to meet their needs in better and new ways. Our research shows that experimenting, researching and testing is key to successful digital transformation. Digital transformation can be disruptive, however, the training for it shouldn’t be. Researching into and tapping into the markets using technology also played a big part in Pizza Express’s marketing communications using digital. Whatever motivates a leadership team to embark on strategic transformation, it’s often easier in the short term not to undertake the challenge (or delay the decision for just one more year), which is why stories of successful corporate change efforts are so rare. The shift in becoming a data-driven business to address the increasing needs of the market, creating a wealth of business opportunities, and positioning themselves in the market to be the leaders on data-driven solutions. 5 excellent examples of successful transformation programs. Talktalk, alongside partners Sky and CityFibre, chose York as the first UK city to deploy its Ultra Fibre Optic Broadband. As a consequence, IKEA announced it’s next steps of transformation. Again, like the above examples of business transformation, quickly adapting to change, to shifting markets and consumer demands, McDonald’s strives to stay relevant and transform to the growing needs of the market. Therefore, today it is absolutely essential to put your business model and its mechanics to the test. After investing €10 million the new contract service platform ‘Kloeckner Connect’ and new B2B webshop launched in March 2016, achieving: Copyright © 2019 Mentor Europe Associates Ltd. All rights reserved. These cookies are used to collect information about how you interact with our website and allow us to remember you. Digital Transformation in the Enterprise 1. 5 examples of successful internal communication; Gamelearn Leads the Digital Transformation of Talent Management in Next Generation Learning; Banesco consolidates its digital transformation thanks to game-based learning; Business Coaching: Know the Benefits 'Lean Startup' Can Offer your Business Mobile Network Operator Launch Actually, change programmes are most successful when, as a result of external factors, there’s a shared sense of urgency to deliver tangible change. IKEA has been very good at adapting and innovating for its customer base, adding value. Typically, the future of the business depends on their success. They are utilising technology to its full potential to drive and engage consumers to their brand. According to IBM’s 2018 annual report, IBM achieved $79.6 billion in revenue and operating earnings per share of $13.81 in 2018. 6 Digital Transformation Examples. Knowing what the consumers want and delivering on that is essential for any business to survive, let alone thrive. —Brian Krzanich, Intel Chief Executive Officer. IKEA’s business transformation was triggered by shifting markets with IKEA’s profits falling. Simon Martin discusses ways to successfully transform your business. Our values guide our work and build our inclusive, open and honest culture. Vodafone, a 5G network provider, is working with IBM to deliver on new integrated solutions to improve consumer experiences from a data-driven approach. Successful digital transformation requires an agile workforce that is ready to change, reskill and upskill. Business Transformation Consultant Resume Samples and examples of curated bullet points for your resume to help you get an interview. Tele2 (Netherlands) B.V. For example, according to a DMG Consulting report , the Cloud-Based Contact Center Infrastructure (CBCCI) market has increased its number of seats by 20.1% between 2017 and 2018. Manhattan is the most densely populated county, placing high demand on transport infrastructure. by The RIQ News Desk . Nike leaders in retail technology. Save my name, email, and website in this browser for the next time I comment. In Mexico this figure was 29.6%, Redefined organisational structures to nurture change and innovation, 2,400+ customers signing up to the service with TalkTalk and Sky since the beginning of 2016, York placed as one of the top digital infrastructure cities in the UK, Broadband speeds up to 100x faster than the UK average, Programme to be expanded to cover 40,000 more premises by 2019, Estimated 2000,000 use the line on an average weekday, Extra lifts and escalators for people with mobility problems, 500+ customers onboarded in Germany, Austria and Hungary within 3 months of launch, Increase in digitally managed revenue to more than 50%, Net Working Capital reduced by almost €200 million (35%+ drop), New innovation process established – lean, agile, customer-centric. Spending approximately £20 million, York City Council was able to achieve: In 2007, New York experienced a rate of population growth not seen since the 1920s. 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