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How to Drive Alignment with Your Service Provider in Implementing Digital Technologies
On September 28, 2018 In Thought Leadership
Companies are on the horns of a dilemma. They signed long-term, managed service contracts for IT or business processes, which took advantage of the savings from labor arbitrage. But now they find that there is significant potential to leverage the new suite of digital technologies that promise improved performance and lower cost. The problem
Digital Transformation Reveals Limitations Of Software Packages And SaaS
On September 24, 2018 In Thought Leadership
Most large enterprises were on a journey for the past 30 years where a higher and higher proportion of the core systems driving the enterprises was software packages or software as a service. Traditional wisdom for companies was “don’t build – buy.” Then, again, as companies undertook digital transformation journeys, the prevailing belief was
Novartis Succeeds in Managing IT Modernization Journey with Two-Team Approach
On September 12, 2018 In Thought Leadership
Many companies find they need to undertake IT modernization to support later digital transformation to create new competitive advantage. They recognize that IT and shared service groups must modernize so they can respond more effectively and quickly to the business needs. However, it’s a mistake to approach IT modernization with the same approach as
Are Companies Making Progress In Digital Transformation?
On September 5, 2018 In Thought Leadership
The term “digital transformation” is now ubiquitous. Nearly every company’s leaders and board of directors see the potential of digital transformation to create new value and improve their competitive positioning. They are investing in building out capabilities to transform their business. Unfortunately, some companies build digital capabilities but don’t generate value that changes their
Does Your Change Management Plan Cut it in the Digital Age?
On September 4, 2018 In Thought Leadership
Traditional change management practices weren’t built for digital transformation. Here’s how to rethink two key aspects of your approach IT modernization and digital transformation focus on changing a business and creating new value. But investing in new technologies and changing processes do not change a business; they just give a company the ability to
Important Lesson For Companies Undertaking Digital Transformation
On August 23, 2018 In Thought Leadership
By its nature, digital transformation is difficult as it’s fraught with the complexities and magnitude of change. The reason so many digital journeys don’t succeed is because the company fails to implement the operating model necessary to make the digital platform work. By operating model, I mean organizational changes, policy and process changes, talent
Big Increase in IT Services Spending in Financial Services
On August 15, 2018 In Featured, Thought Leadership
At the beginning of 2018, we forecasted a bump in discretionary IT services spending in Financial Services. And we predicted banks would spend heavily on technology. But we didn’t forecast as big a bump as is occurring, and the banks are spending more heavily than we anticipated. Why is it important to understand what’s
How Your Company’s IT Group Must Change To Support Digital Transformation
On August 9, 2018 In Thought Leadership
For the last five years, companies experimented with digital transformation. They are now convinced that the benefits are there and convinced that if they don’t take them, their competitors will. As digital technologies become more deeply embedded in the fabric of how companies compete, it forces IT departments to shift their role to become
Why companies end up spending more on digital technologies than anticipated
On August 6, 2018 In Thought Leadership
Think about animals that travel and hunt in packs. Digital technologies seem to work the same way. Wolves, hyenas and wild dogs, for instance, are smaller and less powerful than larger animals such as mountain lions. Hunting in packs enables them to conquer animals larger than themselves. They work together to find the right
Advice for buying or building a digital platform
On July 25, 2018 In Thought Leadership
As digital technologies mature and become applicable, they present a tremendous opportunity for companies to rethink and rearchitect their business to create better client experience, better quality results and lower costs. These opportunities are broad and extensive. At the core of all digital transformations is the assembling and perfection of a digital platform. But