Digital transformation is essential for businesses to remain relevant in the future, but it is never easy or straightforward. Even the most experienced business leaders can require handholding through the process of transforming businesses that may have met major milestones over the decades. For CXOs, engaging with the digital transformation of enterprises has required learning…
When it comes to executing digital transformation projects successfully, leading to a profound change in business models and processes to fully leverage the opportunities unlocked by digital technologies, many organizations turn to specialized consultants. Digital transformation consultants help the organization craft a new vision and bring in expertise that is not available within internal teams,…
As digital technologies are dramatically reshaping consumer behavior, markets, and enterprises, CXOs must focus on occupying leadership positions or catching up with competition. The ability to deploy cutting edge technologies fast to deliver products and services in ways that were not possible before has become a business imperative. On the other hand, any business that does…
The world is watching as the rules of the markets change drastically in the COVID-19 era. Businesses are making an extra effort to adapt to the “new normal” to stay competitive. Today, it’s not only the rules but the entire battleground that is undergoing massive changes! What does digital transformation mean in this situation? Let’s…
When an organization is pursuing growth and considering various strategic opportunities such as expansion into new geographies, new product development, diversification, etc., there is a lot at stake. Insights about consumers, markets, economies, geographies, and products prove extremely valuable and can make the difference between sustained success and failure. Yet, not all organizations are equally…
Small businesses have interesting times in store for them ahead. With the advent of a new era of IoT and automation, imagine the amount of data that every organization, big and small, is generating. Data is valuable — whether it is data companies collect about customers who are using their products or services, or data…
Artificial intelligence (AI) algorithms have been in use for at least half a century since the term was coined. In this time, although research interest in the subject has varied, belief in its potential has remained steady. Equally, research has focused on enabling computers to glean insights from data, which can help improve the originally…
While advanced analytics have facilitated business improvements in many organizations, there are some revenue models that would not have even been possible before analytics capabilities were developed. There are many business analytics examples in manufacturing, retail, healthcare, and banking organizations, but advanced analytics are not confined to these sectors, and are actually touching every aspect…