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Digital Strategy – Why?
Only 33% of organizations successfully meet the challenge of digital strategy. Those that do, tend to make big strategic bets, sometimes, in the order of 10% of their market capitalization. They are rewarded with significant revenue growth along with 14 extra points of total shareholder return. The critical question is – Which strategic bets should you make — and in what order?
Our Digital Strategy practice helps executives understand, envision and articulate digital as a business strategy. Using it, they can implement it across the enterprise, using a road map that delivers on the brand promise across. It leads to the creation of a concrete plan and roadmap. Digital strategy is the ability to track ROI with the tactics put into place. It’s easy to keep track of your progress with analytics
Some insights over Digital strategy
55%
Companies without a Digital transformation believe they have less than a year before they start to lose market share
27%
Companies say Digital transformation is a matter of survival
55%
Medium scale companies have adopted a digital business strategy, compared to 38% of large companies
60%
Companies that have undergone a digital transformation have created new business models
What we Offer?
Provide Transformation roadmap for digital journey in-line with your digital strategy.
Identify the areas needs Digital improvement, lay down the stepping stones that can be followed to become digital relevant.
Optimum cost reduction-cut down unnecessary costs for employees, products, and services.
Detailed gap analysis for existing Digital solutions to maximize user experience, allowing you to climb to the top of your industry.
Deliverables
Digital vision -
How is Digital changing your industry? What new offerings, operating models, and business models can it enable? What new rivals can it empower?
Competitive advantage assessment – How is Digital affecting competitive advantage? Where are we well positioned? Where are we disadvantaged?
Prioritized list of digital bets – Which Digital opportunities are consistent with your Business Strategy based on value potential — and with your ambition and capabilities? In what order should you pursue them?
Gap analysis – Based on your bets, what are the gaps in Capabilities, Organization, and Systems that need to be filled to win?