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burtonc Thu, 09/14/2023 - 09:17 13 September 2023 Operations & Technology Strategy DigitalTransformation Modern Global Leadership John Borgquist What place do AI, blockchain and the metaverse hold in the future of business? But ignoring these digitalassets altogether will not be an option. About the Expert Timothy M.
His colleague, associate principal Gilles Bonelli, ticked off several key areas where CFOs now partner closely with their CEO, including cost efficiency improvements, enterprise growth strategies, digitaltransformation, analytics capabilities and ESG (environmental, social, governance) strategy and development, among others.
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The rallying cry for new ways of working in the digital age must start at the top. At L’Oréal, CEO Jean-Paul Agon signaled the company’s digitaltransformation when he recruited Lubomira Rochet to be the chief digital officer and a member of the executive team. Here are five: Commit from the Top.
Despite a great deal of lip service to digitaltransformation, the effect of all these great words on most companies is this: not much. Digitaltransformation halts, or fails, for many reasons—but most often it’s because minor changes at the surface level do nothing to affect the fundamental operations of a company.
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Despite the demonstrated benefits of this path, which we call “digital reinvention,” only a minority of companies have fully embraced it. Further, companies’ assets and competencies outside the core are not yet as comprehensive and established, as they are in an incumbent market.
On November 8, 2016, India’s government did something that had no other government had attempted before at the same scale: it decided to remove 86% of the country’s currency notes by value from circulation. The country is moving rapidly toward a digital-first economy. Ashima Narula/EyeEm/Getty Images.
Even for experienced deal makers, a first digital acquisition is bound to be an education. Companies acquire to accelerate their overall strategy and digitaltransformation, as Publicis Groupe did when it acquired Sapient for $3.7 billion in 2014 to help it make the leap from a traditional advertising company to a digital one.
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