Welcome to the
bold new Digital Era,
where you disrupt, or get disrupted.
DX, or Digital Transformation, is all the buzz right now. In fact, we believe it's a bit late already. If you are not facing the bold new world of Digital Disruption, you are in for some surprises. In today's world even a 10-person team can take over an entire industry.
But where to start? How do I know my threats? And opportunities? Where do I find the skills and capabilities to become successful? What strategy should I have? And can I execute it only by myself? ...The questions are myriad.
We are here to help.
DX is already having profound effects on the economy. Gartner predicts that, by 2020, more than 40% of enterprise revenue will come from digital businesses. From the perspective of individual companies, a study by Cap Gemini found a huge gap in business success between organizations that made a serious effort to strengthen their digital capabilities and leadership alignment, and those in the same industry segment which did not. On an average, it was:
As you can see, the effect on top-line is very apparent. What is not so apparent is the effect on the bottom-line, on productivity.
DX is fast becoming a necessity to empower and retain excellent talent, more so with the "digital native" millenials entering the workforce. The world is realizing that happier employees means more productivity and innovation, which ultimately translates to survival in the Era of Digital Disruption.
So unless you want to miss the train to the next stage of doing business, the question isn't 'Why?' but `When?'.
Achieving DX is no easy feat. It is a balancing act between:
DX can be divided in to 4 areas, in terms of the benefit they bring to the business. Scroll over to find out what the four areas are.
The first step to any DX journey is to know where you are - we call this DX readiness. DX readiness is comprised of two capabilities, both of which have to exist simultaneously in your organization.
One is Digital Capability, which is the set of shared knowledge, skills, attitude, resources, etc. that allow a company to make the transformative leaps to achieve DX in the 4 areas discussed above. The other is leadership capability, which in essense, is the ability to be highly effective admist complexity.
Our DXF®️ Digital Mastery Self-Assessment will give you a snapshot of where you are in terms of your DX readiness. It is good way to gauge the state of your company. And that's where your DX journey begins.