Polaris Digital has become a way of life. By doubling its systems investments from $1.2 billion in 2011 to $2.4 billion by 2013 and in spending a reported $951 million on IT, BBVA was able to achieve: In 2014, York City Council was dissatisfied with the level of connectivity available to its schools and council offices. 1. 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. Mobile Network Operator Launch KPMG is also using IBM technology, technology a contract analysis application to long breakdown contracts. This website uses cookies to improve your experience while you navigate through the website. Best Buy started 2012 with a stock price of $23.70. We know that the data revolution is here and so focusing your business needs and approaching business with a data-centric approach is the way forward. You can scan and go using the app or speak with an associate, and if it’s that easy, then you’ll keep going back for more convenient shopping. You can read the IKEA press release here. If consumers have an abundance of accessible technology in their pockets, then surely retailers should be looking to create interactive digital experiences seamlessly connecting online and offline touch-points. Jesper Brodin, Chief Executive Officer, Ingka Group, says: “We continue to grow and perform strongly. 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. Find out how these companies succeeded where others failed. 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. This website stores cookies on your computer. These include applying new technologies, focusing on solutions, and leveraging data. Here are five company examples that show successful transformations, across a range of industries and locations. The first step in any successful digital transformation is to embrace the cloud and what it can do for your organization. To learn about how we have helped organisations with business transformation examples visit: www.modernwaysofworking.com/insights. We use this information in order to improve and customise your browsing experience and to personalize ads and for analytics and metrics about our visitors both on this website and other media. At the same time, we recognise that the retail landscape is transforming at a scale and pace we’ve never seen before. Here are six examples of digital transformation from brands that can inspire you. Digital transformation and new business models. With Mentor’s help, Tele2 (Netherlands) were able to achieve: In 2007, BBVA faced changing customer expectations, and  industry disruption from new entrants, meaning BBVA had to adapt and evolve its financial offering. As this becomes our reality, for CEO’s understanding how these new technologies fit into business operations is sometimes tricky to envision. Successful change necessitates generating quantities of extra energy throughout an organization to keep the enterprise performing while it develops the skills and capabilities it needs for the future. Below we highlight 5 examples of successful business transformation programs. Pizza Express had a 7% increase in traffic to their website and a 17% increase in bookings for Mother’s Day. However, digital transformation takes on different forms, depending on the industry, and encompasses unique business challenges and goals. By focusing and offering AI, data, analytics and cyber-security to organisations, IBM’s position in the market, as a leading provider of advanced technology services and solutions accounts for approximately $40 billion in revenue in 2018, with IDC ranking IBM number 1 in the market share. 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. Nike leaders in retail technology. They’re awkward and expensive, demanding complex, high-speed interactions between internal functions and major suppliers. Talktalk, alongside partners Sky and CityFibre, chose York as the first UK city to deploy its Ultra Fibre Optic Broadband. With this in mind, your business, not only should you have a website that offers immersive experiences but also have a mobile app, engaging the consumer to your brand. IBM 2018 Annual Report can be found here. McDonalds offers a new shopping experience to it’s customers adding value by offering personalised service. Buzzwords like AI and machine learning are not just a hype, and becomes our reality. To give you a better understanding of what real 'Digital Transformation" looks like, here are 5 real businesses that leveraged new technologies to digitally transform and evolve their business. Teams are the key building blocks. Our article on Why a data driven business is more likely to succeed through the digital age. Simon Martin discusses ways to successfully transform your business. There are many digital transformation examples of small to large scale businesses that will help you to understand digital transformation. Business transformation programs come up for one of two reasons: they either solve a problem or exploit an opportunity. The digital transformation changed markets in a fundamental way. Business transformation requires research, experimenting and testing. Over the next ten years the city invested $4.5 billion in the Second Avenue Subway system, achieving: In 2014, the manufacturing industry was characterised by steel supply chain inefficiency – typified by long delivery times, incorrect delivery times, high inventory levels. More often, it's an attempt to cope with change that has already occurred. Digital Transformation will often fail with the existing culture. Intel, the world leader in manufacturing and design, with a vision “if it smart and connected then it’s best with Intel” moved from a pc-centric company to a data-centric organisation and as a data-driven business increased their operational efficiencies and have become a growing company. Digital and business transformation is a journey and an iterative one with continuous change. Manhattan is the most densely populated county, placing high demand on transport infrastructure. As a result, increasing consumer loyalty and frequency. Inspiring Examples of Digital Business Transformation . Digital Transformation in the Enterprise 1. Why Exceptional Leadership Matters in Digital and Business Transformation. Business transformation is a common term for a dramatic program of change that typically involves everyone in an organization. Staying relevant and innovating is the key to success. 1.Why Exceptional Leadership Matters in Digital and Business Transformation. Companies like Nike, Dominos, IKEA all adopted digital strategies to meet customer expectations and stay ahead of the competition. people, processes and technology of a business transformation programme need to be addressed to enable a sustained successful transformation programme. The training was key to staff to understand why consumers choose what they do and the ethics involved to follow through strictly. They determine that an innovative technology – big data, or artificial intelligence, for example – is the flavor of the month and they look for ways to implement it in their business. 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. Business Transformation Consultant Resume Samples and examples of curated bullet points for your resume to help you get an interview. For example, when leaders ensure that frontline staff members feel a sense of ownership, the results show a 70 percent success rate for transformations. 4.Why it matters to leverage Artificial Intelligence for business transformation. Get in touch: www.modernwaysofworking.com/contact. Engaging employees. Our first business transformation example is IKEA. A data-driven focus to enable a personalised consumer experience, in turn, resulting in consumer loyalty. Next, Pizza Express has embarked on their journey of transformation. Typically, the future of the business depends on their success. A typical example, challenges and rewards incentivised its employees to increase speed and agility during breakfast through their drive-thru. 6 Digital Transformation Examples. Follow in their footsteps to digitally transform your business. Digital transformation can be disruptive, however, the training for it shouldn’t be. Also, Pizza Express’s “The piccolo game” allowed children to interact with Pizza Express through augmented reality. 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 We also use third-party cookies that help us analyze and understand how you use this website. Following the 2008 financial crisis, RBS Group was ordered to sell its insurance business by European Union regulators, as a condition of RBS receiving £45bn in state aid. Pizza Express created a global innovation centre in London for new concepts and brand creatives. 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. Consumers gain a shopping experience in store while connecting to the Nike app while creating more of a personalised experience for the consumer creating memorable experiences. Three core strategies are used to achieve meaningful business transformation. Fortunately, you can take steps right now to first transform your workforce and then your business. We’ve discovered that generally, business transformation is triggered by shifting markets and competition. In this article, you will learn about six inspirational examples of digital transformation companies that you can learn from. Why a data driven business is more likely to succeed through the digital age. 3.Digital Transformation will often fail with the existing culture. Riyad Bank’s Enterprise Business Intelligence Competency Center 114 E.SUN Bank’s Customer Risk Value Organization 118 Success Story Takeaways 120 Applying the Lessons from E.SUN and Riyad 121 The Most Important Characteristics of Successful Business Transformation Strategies 121 A Step-by-Step Look at the Key Components 122 Tele2 (Netherlands) B.V. 5 excellent examples of successful transformation programs. The impact of digital transformation in the insurance industry is similar to our other examples in that consumer expectations are driving change. As customer behaviours change rapidly, we are investing and developing our business to meet their needs in better and new ways. It’s all based on a spirit of togetherness and enthusiasm, and we will continue to transform with that spirit.”. 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. Shaping and, “Intel’s strategy is to provide the technological foundation of the new data world.”. IBM 2018 Annual Report can be found here. Let’s take a look at some of the organisations IBM have helped. In 2014, Tele2 (Netherlands) wanted to accelerate the launch of a new mobile business with a capital cost of £150 million. Digital transformation is key to the survival of many companies, yet digital transformations are tough and frequently fail. McDonald’s business transformation includes modernising restaurants driven by technology and increasing consumer engagement through digital by way of loyalty initiatives. As of July 2019, it sells for around $74. They are often adopted independently, but many companies are employing all three as they work to increase the value they deliver. —Brian Krzanich, Intel Chief Executive Officer. You also have the option to opt-out of these cookies. As consumer demands are shifting, along with uncertain markets organisations need to be quick off the mark, in delivering change and transformation to survive in a continually changing world. You can use the following examples to inspire and demonstrate business outcomes that are based on actual transformation journeys. If you are about embarking on your business transformation and need some, then our consultants can offer advice and expertise. Therefore, today it is absolutely essential to put your business model and its mechanics to the test. Below we highlight 5 examples of successful business transformation programs. Nike; Disney; Microsoft; General Electric; DHL; Best Buy; 1. For example, they began installing kiosks where customers can quickly customize their hamburgers. Of these 30% were successful, 40% partly so … McDonald’s has recognized a massive shift in consumer behavior and they are trying to adapt by digitally transforming their restaurant experience and company processes. Nike is an excellent example of engaging consumers online and offline through their store and their products, and so is IKEA; both cases we will be covering in this post. They are utilising technology to its full potential to drive and engage consumers to their brand. Some examples of business transformation that we cover include organisations like IKEA, Nike, McDonald’s, to name a few. 1. Examples of Business Transformation including Nike, McDonald’s and Pizza Express can be found in this Business Transformation Examples; Success Stories With this in mind, all the components i.e. $ 74 out of some of these cookies, “ Intel ’ s transform or wither in 's. 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