Is Transformation still the right thing in this emerging age of uncertainty?
Recent global events leading to uncertain times, including a dramatic drop in oil demand have shaken many industries to their core. Many companies will be fighting for their lives or, at least, a share of turbulent markets. Transformation can be critical in that fight.
So, the question quickly becomes, what should you be doing?
While the answer to that question must be unique to each enterprise, there are some clear guidelines that apply to companies based on their digital maturity. To help you understand these guidelines, we are introducing the Transformation Journey Research Series™, a 4-steps set of Research Notes drilling into:
- The types of Transformation being executed
- Why Transformation Programs must include manufacturing
- The core technology components of Transformation
- The Transformation Maturity model and 4-Steps Transformation journey to help you understand what is best for your company
- Key considerations to accelerate your journey
- How different technologies and systems support the 4-Steps of the Transformation journey
We all know the examples: Apple, Uber, and Amazon. These companies disrupted their markets by redefining the fundamental business model of their industry. Cell phones became small computers that offer dynamic customer experiences. Taxis and taxi companies were replaced by fleets of independently owned cars linked by technology. First personal computers, and now those smart phones, became the dominant merchandising and retail environment.
Not every industry can be disrupted easily. “Uberization” is not coming to every industry in the short and medium term.
Evaluate the potential for industry disruption with Note #1.
Critical to successful Transformation is the ability to assess your status and maturity level at each of these four steps individually. For each maturity level, we provide three self-assessment questions to help determine if you have achieved this level of maturity.
Assess your maturity level with the help of the Note #2.
In the 3rd Research Note, we go beyond digital technologies and maturity to outline the key considerations in planning your transformation journey.
Learn the 7 key considerations in Note #3.